Welcome to Your Week in Asia.<\/p>\n
With several countries in Asia<\/a> having now secured tariff deals with the U.S. — even as details remain scarce or disputed for many of them — the pressure is on those that haven’t, with U.S. President Donald Trump’s latest deadline for negotiations now just days away.<\/p>\n The trade dislocations unleashed by Trump will be among the factors weighing on central bankers from the U.S., Singapore and Japan this week as they decide how to act on interest rates.<\/p>\n Get the best of our coverage of Asia and much more by following us on X, where our handle is @NikkeiAsia<\/a>. We are also now on Bluesky, with the handle @asia.nikkei.com<\/a>.<\/p>\n MONDAY<\/strong><\/p>\n Marcos national address<\/strong><\/p>\n Philippine President Ferdinand Marcos Jr. is set to deliver his fourth State of the Nation Address, an annual event typically used to underscore the government’s accomplishments and outline policy. Last year, Marcos Jr. notably condemned China’s maritime aggression and ordered a ban on offshore gambling. This year, his address takes place against a backdrop of heightened domestic political turbulence and pressing economic concerns.<\/p>\n U.S.-China talks<\/strong><\/p>\n The U.S. and China begin their third round of talks in Stockholm amid a possible extension of their trade truce beyond the Aug.12 deadline. Washington plans to raise issues including China’s industrial overcapacity, economic imbalances and continued oil purchases from Iran and Russia. China, on the other hand, says it will seek to “enhance consensus, reduce misunderstandings and strengthen cooperation” with the U.S.<\/p>\n Earnings: Singapore Airlines<\/strong><\/p>\n TUESDAY<\/strong><\/p>\n IPO: Oxford Innotech<\/strong><\/p>\n Earnings: ANA<\/strong><\/p>\n WEDNESDAY<\/strong><\/p>\n Fed rate decision<\/strong><\/p>\n The U.S. Federal Reserve will conclude its two-day meeting and reach its latest monetary policy decision. Markets do not expect a rate cut in the meeting, but all eyes are on Chair Jerome Powell’s news conference. Market watchers will be seeking clues on the next rate cut, as well as any response to Trump’s strong criticisms of the Fed chair.<\/p>\n Singapore monetary policy statement<\/strong><\/p>\n Singapore’s central bank will announce its monetary policy statement, with some economists expecting further easing, given a forecast economic slowdown in the second half of the year driven by ongoing U.S. tariff uncertainties. The city-state predicts its economy will grow between zero and 2% this year.<\/p>\n Nissan earnings<\/strong><\/p>\n Nissan Motor will release its April-to-June results. The company is expected to update investors about progress in its business restructuring and how much its bottom line has been affected by the 25% automotive tariffs set by the U.S.<\/p>\n Earnings: JAL, Kansai Electric<\/strong><\/p>\n Data: Philippines trade, Sri Lanka inflation<\/strong><\/p>\n THURSDAY<\/strong><\/p>\n BOJ monetary policy<\/strong><\/p>\n The Bank of Japan wraps up its two-day policy meeting. While market participants expect the central bank to hold interest rates steady, the focus will be on what Gov. Kazuo Ueda says in the wake of the upper house election and the Japan-U.S. trade deal. The BOJ will also release its latest inflation and economic outlook.<\/p>\n