Vultures Circle Over Asia as Corporate Debt Piles Up (Nikkei Asian Review)

Nikkei commentator Makoto Kajiwara writes that many observers say another US rate hike will not trigger a crisis as Asia has implemented certain measures since 1997. Meanwhile, corporate debt is only one factor that testifies to China’s “Japanization.” Real estate prices in urban areas have kept soaring, and the population has begun to erode. READ MORE

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