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Asian nations swimming in debt at risk from Fed rate hikes

Bloomberg Published on Tue, Apr 11, 2017 / 12:35 PM GMT+8

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SINGAPORE (April 10): Twenty years after the Asian financial crisis and a decade since the global credit crunch, the region is swimming in debt.

The debt binge is spread across companies, banks, governments and households and is inflating bubbles in everything from the price of steel rebar in Shanghai to property prices in Sydney. As the Federal Reserve raises borrowing costs, that means debt is again a concern.