ASIA BIZ FORECAST

May 19, Sat. 14:10 - 14:40 (UTC) etc.

Global crisis fears rattle investors
There's increasing opposition to austerity in Greece. The possibility of the country pulling out of the eurozone is bigger than ever.

That has put markets around the world on high alert against another global financial crisis.

While stocks and currencies of developing economies are being sold, Japanese government bonds are being snapped up as safe assets -- despite Japan's ballooning fiscal deficit, which is now twice the size of its GDP. There's growing concern about how long this situation can continue.

Meanwhile, indicators suggest that China, the world's second-largest economy, is losing steam. That's due to a ripple effect from the weaker economy in Europe, China's largest trade partner.

We'll ask experts how Europe's ongoing debt crisis could affect Asian economies.