Land in fairy story from the east (5)
I believe the answer is:
syria
'land' is the definition.
(I know that Syria is Asian country)
'in fairy story from the east' is the wordplay.
'in' indicates the answer is hidden within the clue.
'from the east' says the letters should be written backwards (on a map from right to left).
'airys' is hidden within 'fairy story'.
'airys' backwards is 'SYRIA'.
(Other definitions for syria that I've seen before include "Antioch once its capital" , "Good judgement, knowledge" , "Country bordering Israel" , "Country bordering Lebanon" , "Middle East country, capital Damascus" .)