Summary: Japan's economy grew by 0.9% in the July-September period, showing moderate growth, but sluggish capital expenditure slowed the pace. Strong private consumption, a decline in capital spending, and net external demand brought new vitality. The Bank of Japan maintains ultra-low interest rates and suggests that the conditions for a future rate hike may be developing.
Summary: The Australian property market in spring 2024 is showing mixed signals. While year-end and early-year periods are prime sales seasons, Sydney experienced its first price drop, coupled with a surge in property listings. Economists predict an interest rate cut by the Reserve Bank of Australia in February next year, causing buyer hesitation and prompting homeowners to seek higher sale prices.
Summary: Japan was once known as the "Land of Gold," but it is no longer a major gold producer. Despite numerous international exploration companies flocking to Japan in search of new gold deposits, local dissatisfaction with exploration activities poses challenges for foreign companies. Will Japan reclaim its title as the "Land of Gold"? It may still be too early to tell.
Summary: Australia's housing construction industry is rebounding due to subsidies and rising interest rates, with building permits hitting new records. However, regional disparities exist, as Sydney's high land prices pose challenges for developers, prompting buyers to look to surrounding areas. Material costs are rising, and shovel - ready land for development remains costly.
Summary: Australia and the UAE have signed the CEPA, removing 99% of tariffs to boost trade and investment cooperation, particularly in clean energy, infrastructure, and high-tech sectors. The Business Council of Australia is leading high-level dialogues to deepen bilateral trade relations.
Summary: Australia will abolish its old investment immigration program and the GTI (Global Talent Visa) scheme, consolidating them into the new NIV (National Innovation Visa). This visa is designed to attract top global talent, including researchers, entrepreneurs, innovative investors, and talent from the arts and sports sectors, offering them a direct pathway to permanent residency.
Summary: Japan has slipped to fourth place in the 2024 Asia Power Index by the Lowy Institute, overtaken by India. The main reasons for this decline are the long-term stagnation of the economy, particularly in "economic capacity" and "economic relations," leading to foreign investment withdrawal and decreased productivity in the technology sector.
Abstract: Data Bank has raised nearly AUD 3 billion to build data centers in the United States, with Australian Super as a key player in this collaboration, accelerating the development of data centers. As global demand for digital infrastructure continues to rise, new investment opportunities are emerging, particularly in the Southeast Asian market.
Summary: The North Sydney and Frenchs Forest property markets are active, with quality listings attracting multiple bidders. The newly built metro enhances the area's appeal, and springtime offers reasonable prices, drawing numerous buyers and intensifying competition.
Summary: Sydney has been named "Best City in the World" by UK travel magazine Conde Nast Traveller, attracting high-spending tourists. Several Australian hotels also received awards in the rankings.
