Abstract
The article explores the issue of non-performing assets affecting the Asian continent. It examines the scope of the problem, the landscape of market participants, and how the restructuring effort is evolving in different regions in Asia. The Asian financial crisis of 1997-1998 created a large number of financially distressed companies in Southeast Asia, which to this day continue to weigh down the continent9s economies. Japan has been dealing with its own problem of troubled loans crippling the banking sectors for the past decade and a half. And China, having become a major force on the world economic arena, for the first time has had to admit and find a solution to its massive non-performing loan problem.
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