NPLs and SMEs to provide distressed opportunities

"What exactly is distress?" reflected AsianInvestor editor Jame DiBiasio at a panel he moderated on Monday at the Tokyo Distressed and Troubled Asset Investing Summit. "Is it a good asset from a distressed seller, or an asset itself that is in bad shape?" The panel of distressed experts plumped for the former -- they want good assets that are being flogged off by an imperilled owner. "We prefer something that requires re-engineering, assuming that there is some enterprise value left…