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Fears of possible debt crisis haunt ADB meet
Global debt has reached US$217 trillion - a record 325 per cent of world GDP - much of it in emerging non-financial corporations
This year's Asian Development Bank annual meeting took place in Yokohama under the threat of a possible military emergency involving North Korea. But a different kind of threat - that from a huge overhang of corporate debt in Asia and elsewhere - cast shadows over the ADB meeting.
PHOTO: REUTERS
Yokohama
THIS year's Asian Development Bank annual meeting took place in Yokohama under the threat of a possible military emergency involving North Korea. But a different kind of threat - that from a huge overhang of corporate debt in Asia and elsewhere - cast shadows over the ADB meeting
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