Welcome to Your Week in Asia.

French President Emmanuel Macron heads to East Asia to meet with the leaders of Japan and South Korea amid fallout from the U.S. and Israel’s attack on Iran and a growing global energy crisis. Macron and Japanese Prime Minister Sanae Takaichi are expected to discuss cooperation on next-generation nuclear reactors, with Tokyo looking for ways to reduce its high dependency on imported fossil fuels.

More data on the business and economic impact of the war will emerge this week with the Bank of Japan’s tankan business confidence survey and inflation data for countries such as Indonesia. Reduced energy supplies have already affected prices and company operations across Asia, and the data will quantify some of the impact.

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MONDAY

Myanmar starts process of electing president

Myanmar’s parliament starts the process to elect a new president. Analysts expect the vote to reelect Min Aung Hlaing, the head of the junta who seized power in a coup in 2021.

Chinese real estate company earnings

Country Garden’s results turn a spotlight on Chinese property developer earnings. The company, which reported one of the biggest losses in global corporate history for 2023, has been restructuring billions in debt. Following Country Garden’s results on Monday, embattled state-backed player China Vanke is due to report on Wednesday.

Chinese energy company earnings

Earnings of big Chinese oil and gas companies such as PetroChina provide a look at the state of the industry as the war in Iran sends shock waves across global energy markets.

TUESDAY

Macron in Japan and South Korea

Macron will make a four-day trip to East Asia, beginning in Tokyo, before traveling to Seoul on Thursday. The Tokyo leg will represent his fourth visit as president, while the trip to Seoul — coinciding with the 140th anniversary of diplomatic ties — will be his first during his nearly nine-year presidency. France wants to elevate its relationship with key Indo-Pacific allies to operate more independently of China and the U.S.

Singapore fertility stats

Singapore is set to release official fertility numbers for 2025. Deputy Prime Minister Gan Kim Yong has already reported a preliminary resident total fertility rate of 0.87 for last year, which he described as “a new low.” The preliminary number shows a drop from 0.97 the year before and is much lower than the 1.24 of a decade ago.

WEDNESDAY

BOJ tankan

The BOJ will release its quarterly tankan survey, an assessment of business sentiment among Japanese companies. It will be the first survey since the central bank raised rates in December. Market watchers forecast that business sentiment is likely to improve but forward outlooks may be clouded as companies remain guarded about the future business environment due to the conflict in the Middle East.

Toyota- and Daimler-backed holding company begins operations

Archion, a holding company that will oversee Hino Motors and Mitsubishi Fuso Truck and Bus, is set to list on the Tokyo Stock Exchange Prime Market and begin operations the same day. The new company will have Hino Motors and Mitsubishi Fuso as wholly owned subsidiaries, with their respective parent companies, Toyota Motor and Germany’s Daimler Truck, as shareholders. The integration means Japan’s commercial vehicle manufacturers will be consolidated into two major camps: one led by Archion and the other by Isuzu Motors.

Indonesia, South Korea and Kazakhstan inflation data

Kazakhstan will release its inflation data, followed by South Korea and Indonesia on Thursday and Friday, respectively. In Kazakhstan, the release will be important in determining whether monetary tightening is having an effect amid slowing inflation, while in South Korea, attention is expected to focus on how spikes in global energy prices and other industrial inputs are affecting an economy highly dependent on imports. In Indonesia, the market is awaiting the numbers to see whether they point toward monetary policy normalization and the resilience of domestic demand.

THURSDAY

Earnings: Malaysia Aviation Group

Data: Indonesia trade