With the release of HSBC's flash report on China manufacturing activity, a speech by Federal Reserve Chairman Ben Bernanke, Japanese export data and a Bank of Japan meeting, Asian markets have plenty to chew over this week.
Add to that news from China late last Friday detailing reform plans for its economy discussed at the Third Plenum, which are also in focus. The reforms include easing China's controversial one-child policy, encouraging private investment in housing and easing government control on setting interest rates.
"What I can see coming from the 60 point plan is several key overriding themes: notably self-sufficiency, a consuming nation, not just an export nation," said Evan Lucas, market strategist at trading firm IG, in a note. "This will be the single biggest change to how China operates and how they do business with the world."
(Read more: Success of Chinese leader's plan may rest on rural regions)
Analysts said the release of HSBC's flash purchasing managers index (PMI) of Chinese manufacturing activity on Friday would also fall under the spotlight as an indicator of economic conditions in the world's second biggest economy.