Philippine Central Bank Governor Warns of Repeat of Asian Financial Crisis

The Philippine central bank governor warned of the possibility of renewed financial shocks in Asia and urged regional countries not to forget the late-1990s financial crisis. Meanwhile, officials from the IMF and Japan cited capital flow volatility, energy shocks, inflation, and trade pressures as factors affecting the region's economic outlook.

The head of the Central Bank of the Philippines, warning about the possibility of repeated financial shocks in Asia, asked the countries of the region not to forget the experience of the financial crisis of the late 1990s; At the same time, the officials of the International Monetary Fund and Japan considered the fluctuation of capital flow, energy shocks, inflation and trade pressures as factors affecting the economic outlook of the region.