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A Covid-19 debt shock in Asia?

The two largest Asian economies, China and Japan, have some of the highest levels of debt in the world, at the end of 2017 Japan’s total debt stood at 395 per cent of GDP and China’s at 254 per cent. But there are some significant differences in their debt composition.

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East Asia Forum

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The two largest Asian economies, China and Japan, have some of the highest levels of debt in the world, at the end of 2017 Japan’s total debt stood at 395 per cent of GDP and China’s at 254 per cent. But there are some significant differences in their debt composition.
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Already a subscriber? Sign In here, or use a social media account to login.

East Asia Forum provides a platform for the best in East Asian analysis, research and policy comment on the Asia Pacific region and world affairs.

Banking

Bank of Thailand extends debt repayment and interest reduction measures

As of September this year, the Debt Clinic project has helped some 8,300 card debtors. On average, each debtor has three cards, carrying a debt of about 240,000 baht each.

National News Bureau of Thailand

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BANGKOK (NNT) – The Bank of Thailand has extended its debt repayment and interest reduction measures until June next year, to help debtors and alleviate their financial burden.

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Banking

Bank of Thailand: five big challenges in resolving the economic crisis

According to the Bank of Thailand, financial stability of the country is sound while external stability remains strong, with low and manageable levels of public debt, and a flexible labor market.

Boris Sullivan

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Mr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (BOT) revealed in his first meeting with the press, that the public health crisis brought about by COVID-19 has severely impacted global economic activities, including Thailand.

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Banking

Bank of Thailand to end debt moratorium for SMEs

According to a press release from the Bank of Thailand, the concern is that while most businesses can now continue payments, an extension of the assistance measure could impact the long-term stability of financial institutions.

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BANGKOK (NNT) – The Bank of Thailand (BoT) has decided not to extend a general order to suspend debt repayment by SMEs to commercial banks set to end this October 22, instructing the institutions to consider such aid on a case by case basis instead, to protect the sector from long term impact.

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Thu 29

Vend ASEAN(Bangkok)Vending Machine & Self-service Facilities Expo 2020

October 28 @ 8:00 am - October 30 @ 5:00 pm BMT
Thu 29

Vend ASEAN 2020

October 28 @ 10:00 am - October 30 @ 6:00 pm BMT

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