Japanese economic data are likely to be watched closely this week for solid signs of whether efforts to revive the world's third largest economy are starting to work.
The rest of the region should have a relatively quiet week, although jitters about an unwinding of U.S. monetary stimulus and concerns about slowing economic growth in China could continue to drive market sentiment.
Inflation, household spending, industrial production and jobs numbers for May are all scheduled for release in Japan towards the end of the week.
"Japanese data due Friday are expected to show further gains in household spending, industrial production, manufacturing conditions and the labor market along with a further slowing in deflation," Shane Oliver, chief economist at AMP Capital, said in a research note.
Economists polled by Reuters forecast Japan's core consumer price index (CPI) was flat in May from a year earlier after a 0.4 percent decline in April.
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Household spending is expected to rise 1.5 percent in May from a month earlier, compared with a 4.6 percent fall in April.
Last week's data showed Japanese exports rose a stronger-than-expected 10.1 percent in May from a year earlier. Further signs of strength in the economy could boost sentiment in Japanese markets, which have sold off sharply in recent weeks amid some caution about the success of Japan's economic policies.
India's Deficit Woes
Elsewhere in Asia, Taiwan's central bank meets on Thursday and India is expected to release its latest current account numbers on Friday.
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India's current account deficit hit a record $32.6 billion in the last three months of 2012, or 6.7 percent of gross domestic product, compared with about $22.3 billion in the previous quarter.
The figures are in focus as the rupee weakens against the dollar, pushing up the price of imports and threatening to exacerbate the deficit. The rupee hit a record low just shy of 60 per dollar last week.