Major bourses in the Asia Pacific region were higher on Monday after the PBoC said it will continue to improve monetary policy controls and its prudent macroeconomic policy while opening up further China’s financial markets to foreign institutions. Stocks in Japan led the gains, jumping around 1.8% and trading near 4-1/2-month highs, on optimism that a new prime minister will compile huge stimulus to support the country’s economic recovery. The Shanghai Composite (1%) and the Hang Seng (0.5%) also advanced, as traders await the release of China trade data dan inflation for August later in the week. Shares in Australia fell modestly, paring their early sharp losses, as investors anticipate RBA’s monetary policy decision Tuesday, with some market participants speculating that the central bank may delay tapering its bond-buying program. The Kospi was down 0.1%, as investors assessed the fallout from the US payrolls report.