Asian markets traded higher on Monday ahead of major economic releases, central bank meetings and inflation data from across the region this week. US markets ending higher on Friday also improved sentiment. China is set to release its July purchasing managers index on Monday, while the US ISM surveys on manufacturing and services, the July payrolls report and European inflation due this week will also be eyed. Investors are still gauging the implications of the Bank of Japan’s decision to lift the lid on bond yields, in a step away from its ultra-easy policies. Meanwhile, Japanese retail sales rose 5.9%…