Garuda Shield exercises, ASEAN Regional Forum, Turkish president visits Russia

Welcome to Your Week in Asia.

Indonesia will be holding the Garuda Shield joint military exercises with the U.S., Australia, Japan, and Singapore in the next two weeks. It is the first time for Japan's Ground Self-Defense Force to participate.

The Association of Southeast Asian Nations Regional Forum is set to take place in Cambodia during the second half of the week.

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MONDAY

Garuda Shield exercises

Indonesia will hold military drills with the U.S. and Australia for two weeks from Monday amid concerns over growing Chinese assertiveness. The U.S. and Indonesian militaries have hosted the exercises since 2007. This year, the Japan Ground Self-Defense Force will participate for the first time. According to the U.S. Embassy in Indonesia, the exercise participants will deploy approximately 2,000 U.S. troops, 2,000 Indonesian Army soldiers, and more from partner nations.

Company earnings: HSBC, ANA, Japan Airlines

TUESDAY

Monetary policy announcement: Australia

WEDNESDAY

ASEAN foreign ministers' meetings 

Southeast Asia's top diplomats will meet face-to-face during the 55th ASEAN Foreign Ministers' Meeting in Phnom Penh amid deepening political crisis in the bloc's member-state Myanmar. The meeting also kicks off a series of talks with dialogue partners, including the ASEAN Regional Forum, which is expected to be attended by U.S., China, Japan and Russia. The ongoing war in Ukraine and the South China Sea territorial dispute are also part of the agenda.  

Company earnings: Nintendo

THURSDAY

Company earnings: Alibaba, Toyota

FRIDAY

Turkey's Erdogan visits Putin in Sochi 

Two weeks after meeting Russian President Vladimir Putin in Tehran, Turkey's President Recep Tayyip Erdogan will meet Putin again in Sochi. During the visit, the sides will review the grain agreement brokered by the UN and Turkey; Turkey hopes a successful implementation can be a confidence-building measure and pave the way for further high-level talks focusing on cease-fire.

Yet, Erdogan's main agenda to visit Sochi is to seek a green light from Moscow to launch a new cross-border operation into northwestern Syria, against Kurdish armed groups that Turkey sees as a threat, as Russia is controlling the Syrian skies on the west side of the Euphrates river and have forces on the ground.

Indonesia GDP

Monetary policy announcement: India

WEEKEND

Peace Memorial Ceremony in Hiroshima

The City of Hiroshima holds the Peace Memorial Ceremony marking the 77th anniversary of the atomic bombing on Saturday to mourn the souls of the victims and to renew the pledge to realize a world without nuclear weapons. Representatives from 114 countries and the European Union are expected to attend, the largest number of countries in attendance to date, as well as United Nations Secretary-General Antonio Guterres. Attention will also be focused on Japanese Prime Minister Fumio Kishida's speech.