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JOL: Financiers on standby
01 June 2006
Japan is still waiting to hear how new tax rules will affect operating leases, writes Siqalane Taho.
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JAPAN; JOL; JLA; NTA;
Uncertainty, pessimism and depression. It is not much fun for Japanese operating lease (JOL) arrangers. Airfinance Journal's annual JOL survey shows that the 2005/2006 Japanese fiscal year has not been a good one. The market has seen a decline in the volume of deals and a less-than-positive outlook for the future.
Some investors even say the JOL market is slowly dying and that the industry may never see the level of activity that it once experienced.
However, the major similarity between now and a year ago, when the tax reforms took effect, is that the market is still hoping that the uncertainty will be clarified by the "end of the summer".
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