A girl holds up cushions shaped as euro and Hong Kong coins at the Chinese New Year flower market in Hong Kong
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Central banks across Asia now 'turning expansionary'

The Japanese and the Indian central banks meet on Tuesday to decide on monetary policies - and one of the biggest issues is the eurozone debt crisis.

The fear is that until a solution is found consumer demand will suffer. That does not bode well for Asian economies - whose biggest export market is Europe.

The impact is already being felt across Asia - with major economies seeing a slowdown in growth. Martin Schultz of Fujitsu Research Institute says central banks are increasingly pursuing expansionary policies as a result.