Asian stocks rose Monday, tracking US shares higher into a week that includes Federal Reserve boss Jerome Powell’s congressional testimony and China’s National People’s Congress, per a Bloomberg report.

Japan’s Nikkei-225 Stock Average surpassed 40,000 for the first time as the government discusses officially stating that the country’s economy has overcome deflation, Kyodo reported Saturday, citing several unidentified people familiar with the matter, the report added.

Shares also rose in South Korea and Australia, while stock futures in Hong Kong were up and those for the US were little changed in Asia after the S&P 500 hit yet another fresh record Friday.