Federal Reserve's new stimulus 'disappoints'

Asia is waking up to another round of monetary stimulus, by the US central bank the Federal Reserve.

The Fed will expand its Operation Twist by $267bn (£170bn).

What it means is that the Fed will sell that amount of short-term securities to buy longer term ones, to keep long-term borrowing costs down.

The program will run through the end of the year. Also at the meeting, the Fed slashed its economic growth forecast for the US economy for this year right through to 2014.

Mark Konyn, CEO of Cathay Conning Asset Management told the BBC's Asia Business Report what this means for Asia.