At the pan-Asian restaurant, the spare and chic Sangkar, chef Andrew Skinner, an old Pacific hand, prepares a flavorful mix of regional cuisines--Indonesian, South Asian and Japanese--often using fish hauled from the ocean just below, along with local produce, meats and spices.

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For a Japanese, a South Korean, an Indonesian or even, increasingly, a Brazilian, that will be no surprise.

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The fall of the rupiah sparked concerns about an Indonesian debt default that could spread to Thailand, hurt the fragile Japanese banking system and undermine South Korea's efforts to contain its economic problems.

CNN: COVER STORY - SPECIAL REPORT

Foreign bankers, especially European and Japanese, were looking for new markets as their own stagnated, and they loaned huge sums to Indonesian enterprises via offshore entities so that actual foreign debt far exceeded the official numbers.

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