This week in Asia: All eyes on Japan

Investors' focus will turn to Asia again this week, particularly Japan, after a well-telegraphed interest rate hike by the US Federal Reserve lifted uncertainty over monetary policy in the world's largest economy. 

Now that the Fed has lifted rates, investors are starting to assess the impact on Asia. For countries in the region that have relied on debt-fueled growth in recent years, higher borrowing costs could fan concerns over a credit crunch. 

Exporting countries in the region are also especially worried about the impact of the slowdown in China.

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