Crucial data is due to drop from Asia's major economies this week, particularly Chinese trade and inflation numbers and Japan's final GDP estimate.
China trade, money supply and inflation data awaited
At the National People's Congress in Beijing this weekend, China announced it aimed to grow its economy by 6.5 to 7 percent over five years.
"The weekend's unveiling of the Chinese government's growth target and aspirations could set the tone for the markets at the start of the week," National Australia Bank's (NAB) analysts said in a weekly note. The NPC will run for the rest of the week.
Meanwhile, China's February foreign trade data, due Tuesday, is expected to show a narrowed trade surplus of $49 billion, from January's $63.3 billion, Bank of America Merrill Lynch analysts said in a note.
BoAML forecasts a 15.2 percent year-on-year decline in headline exports, which fell 11.2 percent in January. Import growth could improve to negative 12.9 percent from the same period the year before, mainly because of favorable base effects.
Then on Thursday, China will release its February monetary aggregates data. Investors are expected to pay close attention to China's liquidity, such as foreign reserves levels and capital outflows.
Last week the People's Bank of China cut the reserve requirement ratio by 0.5 percentage points, cutting the ratio of deposits Chinese banks must hold in cash to 17 percent in a push to increase liquidity in the financial system.
China's February consumer price index (CPI) and producer price index (PPI) are also due on Thursday.
China's CPI is forecast to remain unchanged from the previous month at 1.8 percent, while PPI is expected to improve slightly, declining 4.9 percent compared to January's 5.3 percent fall, according to analysts from the NAB.
Japan's Kuroda to discuss monetary policy
The Bank of Japan Governor Haruhiko Kuroda will address reporters in Tokyo on Monday about monetary policy.
Japan's final 2015 fourth-quarter gross domestic product (GDP) estimate, due Tuesday, is expected to be revised up to -0.1 percent from -0.4 percent, Moody's Analytics said. Investment is not fully accounted for in the preliminary GDP figure, which means the final estimate can be subject to large revisions.
As momentum in Asia's second largest economy continues to wane, Japanese consumer confidence is expected to Japan's take further hits, Moody's analysts said, with February's consumer confidence index, out Tuesday, likely to show a fall to 41.8, from 42.5 in January.
Bank of Korea expected to cut rates
South Korea's central bank announce its latest monetary policy on Thursday, and is expected to cut rates by 25 basis points to 1.25 percent, as exporters struggle with weak global demand, Moody's Analytics said.
The Bank of Korea's governor acknowledged last month that the economy was softening and could warrant policy easing soon, however the central bank held rates steady at 1.5 percent at February's meeting.
India trade, industrial figures due
India's February trade deficit, due Thursday, is expected to come in at $9.9 billion, due to the weaker global demand, Moody's said, mainly on the back of China's slowdown. Meanwhile, India's January industrial production likely rose 2.5 percent year-on-year, after declining 1.3 percent in December, Moody's said.
Moody's said that for India's large economy, production ought to expand by double digits, which meant the numbers suggested there could be excess factory capacity, and that manufacturing would remain subdued unless reforms were delivered.