The main drivers for Asian markets this week will be key economic data from Asia's largest economies, Australia's federal budget and the results of India's general election.
In Japan, the key figure to watch will be Thursday's first-quarter gross-domestic product (GDP), analysts say.
A rise in consumer spending ahead of a rise in Japan's sales tax on April 1 is expected to have boosted economic growth in the first quarter, while activity is seen slowing in the months ahead as consumption slows.
"Japanese March quarter GDP growth is likely to be a strong 1 percent quarter-on-quarter, but this will reflect the bring forward effect associated with the April sales tax hike and so will overstate Japanese growth just as June quarter growth will understate it," said Shane Oliver, head of investment strategy and chief economist at AMP Capital.
Economists surveyed in a Reuters poll expect the economy grew at an annualized pace of 4.2 percent in the first quarter, which would mark a sixth straight quarter of expansion.
Japan's economy recorded a smaller-than-expected current account surplus in March as the country ramped up purchases of gas and oil imports to make up for its lack of nuclear power, data on Monday showed.
The surplus stood at 116.4 billion yen ($1.14 billion), below expectations for a 305 billion yen surplus. It was the second monthly surplus in a row.