Welcome to Your Week in Asia. The Bank of Japan is due to announce its monetary policy decision on Tuesday, as the yen lingers around 150 per U.S. dollar. Malaysia will also review its policy rate this week. Australian Prime Minister Anthony Albanese will travel to Beijing on Saturday, the first visit to China by an Australian prime minister since 2016. He is expected to meet with Chinese President Xi Jinping, as the two countries cast aside some noisy prior disagreements over trade and the COVID-19 pandemic. Get the best of our coverage of Asia and much more by following us on X, formerly Twitter @NikkeiAsia. MONDAY Malaysia's Prime Minister Anwar visits Singapore Malaysia's Prime Minister Anwar Ibrahim will be in Singapore for a day's working visit to pay a courtesy call on the newly elected President Tharman Shanmugaratnam. He is expected to have a bilateral meeting with his counterpart, Singapore's Prime Minister Lee Hsien Loong. Both leaders will also be witnessing the signing of a memorandum of understanding of an investment cooperation. The two neighboring countries are each other's second-largest trading partners, with bilateral trade at $83.53 billion in 2022. Hong Kong FinTech Week Hong Kong hosts its signature FinTech Week, which runs to Nov. 5. The focus will be on how Hong Kong navigates Web.3, in particular how it will further open up retail crypto investments amid a major fraud scandal surrounding cryptocurrency trading platform JPEX. Earnings: Panasonic Holdings Q2 TUESDAY BOJ monetary policy The Bank of Japan is due to announce a monetary policy decision after a two-day meeting that starts on Monday. While the general view is that the BOJ will maintain its current framework, some market participants expect the central bank to tweak its yield curve control (YCC) policy again by allowing 10-year JGB yields to rise above 1%, to address the persistent yen weakness. The BOJ decided to allow government bond yields to rise up to 1% at the July meeting, but yields have continued to rise since then, fluctuating currently at around 0.880%. WEDNESDAY India's new "import management system" takes effect The Indian government will launch a new "import management system" aimed at monitoring shipments of laptops, tablets and similar devices. This will require companies to register the quantity and value of imports. The government clarified this month that it won't impose restrictions on laptop imports, but intends to closely monitor importers. Earnings: Toyota Motor Q2, Nippon Steel Q2 THURSDAY Monetary policy: Malaysia Earnings: Mitsubishi Corp. Q2 FRIDAY Kishida visits Philippines, Malaysia Japanese Prime Minister Fumio Kishida is expected to visit the Philippines and Malaysia in early November. With China's increasing military buildup in the South China Sea in mind, the summit meetings will confirm the strengthening of security cooperation between Japan and the two ASEAN countries. The Philippines and Malaysia are recipients of the first year of the Official Security Assistance (OSA), Japan's new framework to provide defense equipment and other items to like-minded countries. They are expected to discuss specific details of the program at the summit meetings. Hong Kong hosts Asia's first Gay Games Asia's first Gay Games will be held in Hong Kong from Nov. 3-11. The organizers hope that hosting the games "will be a momentous experience and a cornerstone" for the estimated 221 million LGBTQ+ people in the region. However, the event has drawn criticism from several local conservative pro-China lawmakers and has not received much support from the city's government, according to local media reports. The financial hub only recognizes same-sex marriage for limited purposes such as taxation and inheritance rights. WEEKEND Albanese visits China On Saturday, Australian Prime Minister Anthony Albanese kicks off a four-day visit to China, where he hopes to ensure a "stable and productive relationship" with Beijing. It comes after China removed import duties on Australian barley, and both countries are negotiating to remove wine from the list as bilateral ties improve. Albanese's visit is the first by an Australian prime minister since 2016, as the relationship soured following his predecessor Scott Morrison's call for an independent inquiry into the origins of COVID-19. Albanese is also scheduled to stop by Shanghai for the China International Import Expo, which will start on Sunday and last through to Nov. 10. The expo, one of China's premier business events, is expected to attract guests from over 150 countries in a bid to arrest declining trade in recent years.
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