Summary:Australia's unemployment rate rose to 4.1% in April, exceeding expectations, with job growth driven mainly by part-time work. Despite job growth, interest rates are at 12-year highs and unemployment is expected to likely rise. Traders forecast about a 50% probability of a December rate cut by the Australian Federal Reserve.
Summary: The value of investment assets of Japan's super-rich is set to grow by more than 30% by 2030, and U.S. firms are bullish on the potential. Bain Capital expands real estate team in Japan and explores new areas of investment opportunities that may see growth as the economy recovers and demographics change.
With the development of high-tech industries, Japan's electricity demand is expected to increase by 50% by 2050, necessitating an increase in energy production to meet supply. If renewable energy cannot be enhanced, Japan's electricity supply will face instability, affecting its carbon reduction goals and industrial policies.
Australia faces housing challenges, including inadequate supply, reduced affordability and a scarcity of homes suitable for middle-income households. Targets set by the Government are elusive and will need to be addressed through measures such as increasing investment, ensuring policy implementation, providing a diversity of housing options and improving home ownership.
Japan's foreign exchange reserves declined mainly due to a fall in the value of external securities, with no official confirmation of possible currency intervention. Weakness of the yen affects Asian currencies and requires surveillance and timely action. Rational analysis and hedging of risks are needed to maintain regional stability through cooperation.
If you reside in Australia, dealing with land tax and land tax surcharge might be an inevitable challenge you face. Let's delve into these two taxes together and explore potential solutions.
The high tide for global interest rates has passed, but respite for the world economy may be limited as policymakers stay wary at the threat of inflation.
The recent thaw in relations between Beijing and Canberra is casting a hopeful light on Australian stocks, particularly those impacted by trade restrictions. As diplomatic tensions ease, sectors such as winemaking and agriculture stand poised to benefit, while the outlook for other industries, like mining, remains nuanced.
In March 2024, the extension line of the Hokuriku Shinkansen welcomed a new milestone, with the starting station at Kanazawa Station in Ishikawa Prefecture and the final station at Tsuruga Station in Fukui Prefecture. The extension of the Shinkansen traverses the two prefectures of Ishikawa and Fukui, allowing visitors to experience more untouched natural scenery of Japan.
The Japanese Cherry Blossom Festival, also known as Sakura Matsuri (さくらまつり), is a grand celebration held annually in Japan, honoring the blooming of cherry blossoms, which are regarded as one of the symbols of Japanese culture and aesthetics.
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