Issuance and sales of structured products featuring worst-of options in Japan have been on the rise over the past few months, as local providers have resorted to using basket options to provide the yield enhancement demanded by investors. SRP data shows that so far this year 64 products using worst-of options either on their own or in combination with other payoff profiles with a sales volume of $1.6bn struck in the Uridashi market compared with 37 products seen in Japan’s retail space for the