Finance
ASEAN-plus-3 finance chiefs to stay vigilant amid bank woes
Finance chiefs from the Affiliation of Southeast Asian Nations plus Japan, China and South Korea on Tuesday agreed on the necessity to stay vigilant amid U.S. and European banking woes regardless of “restricted” direct spillovers to date.
After a gathering in South Korea’s Incheon, the finance ministers and central financial institution governors additionally stated tight monetary circumstances, together with provide chain bottlenecks and better commodity costs attributable to Russia’s struggle on Ukraine, pose draw back dangers to the financial outlook for the area.
Folks stroll previous a First Republic Financial institution department in New York on April 24, 2023. (Getty/Kyodo)