Home Views Emerging Markets

Will the woes of the Asian Financial Crisis resurface?

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam7/7/2022 11:35 AM GMT+08  • 4 min read
Will the woes of the Asian Financial Crisis resurface?
Jakarta taxis seen in this 2016 photo. PT Steady Safe, a Jakarta-based taxi company, serves as a reminder of the lessons of the Asian Financial Crisis 25 years ago / Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Many Britons will associate 1997 with Lady Diana’s tragic death. In Asia, the year will be remembered for a different calamity. This week marks the 25th anniversary of the Asian Financial Crisis.

The week is also a special one for me. It marks 25 years since my arrival in this city. My old colleagues joked that I brought the disaster with me.

The ghosts of that catastrophe may be among us. A few days ago, the Japanese yen dived to a 20-year low against the US dollar. A further depreciation of the yen could spark a crisis not seen since 1997.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.