Business

Summary: Progress has been made toward Japan's 2% inflation target amidst a tightening labor market. The Bank of Japan (BOJ) noted that wage and price increases may exceed expectations, with more companies raising prices in April. The key focus is on the changes in October. Inflation is expected to stabilize at around 2% in the coming years.

Summary：Australia's finances are improving, on track for a high budget surplus, but may turn to deficit in the future. The central bank meeting is approaching, the market predicts a rate hike, but economists expect interest rates to remain unchanged. Australia and the U.S. monetary policy is different, the U.S. may first cut interest rates to deal with inflation.

Summary: Australia's surge in immigration has led to a tight rental market and record high rents. As net migration rises to 548,800 by September 2023, average rents across the country reach A$627, with some regions seeing increases of more than 10%.

Summary：Faced with the US and EU imposing tariffs on Chinese electric vehicles, Japan did not follow up immediately, but instead considered carefully to avoid damaging Sino-Japanese economic and trade relations. The G7 emphasized that it would not harm China's interests, but would protect companies from unfair competition.

Summary: In April, Japan's exports grew by 8.3%, the fifth consecutive month of positive growth, while imports grew by the same 8.3%. The trade deficit rose to 462.5 billion yen. Exports to China hit a record high, with semiconductor equipment exports surging 95.4%.

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When I first learnt about the concept of Core Purpose, I did not truly understand its meaning.  I thought to run a successful accounting business, we need to service my clients well, please them and put them in priority before my own interest.