, Columnist
Asian Defaults Are Just Getting Started
This year is the worst for missed bond payments since 2012, and there's more to come.
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Millions of words have been expended on China's debt problem. Two points need making: The danger is Asia-wide. And if an implosion is coming, it's most likely in the next three years.
Nonfinancial corporations in the region face a string of record offshore maturities from now until 2019 -- a total $219.7 billion of bonds denominated in dollars and euros is due between January 2017 and December 2019.