Asia needs further steps amid euro zone crisis – Japan PM
NUSA DUA, Indonesia (Reuters) – Japanese Prime Minister Yoshihiko Noda said on Saturday Asia needs to consider further steps to avoid a financial crisis as the euro zone’s debt problems could spill into the region. While Asia has become more resilient due to its economic management since the region’s own financial crisis in 1997/98, it is not immune to Europe’s problems, Noda said. “I don’t think Asia is necessarily vulnerable to external shocks (from Europe),” Noda told a news conference after the East Asia Summit on the Indonesian resort island of Bali. …