Australia's central bank on Tuesday raised its key interest rate by 25 basis points to 4.35 percent amid renewed inflation pressures.
The Reserve Bank of Australia (RBA) said that the Monetary Policy Board decided to increase the cash rate target from 4.10 percent to 4.35 percent at its meeting on Tuesday, with eight members voting for the increase and one voting to hold rates unchanged.
The central bank said inflation had risen markedly since late 2025, driven partly by capacity pressures and higher fuel and commodity prices linked to the Middle East conflict.
The RBA now expects headline inflation to peak at 4.8 percent in June and trimmed mean inflation at 3.8 percent over the year to June, both higher than previously forecast.
In its decision statement, the board said inflation was likely to remain above target for some time and that the risks remain tilted to the upside, making it appropriate to increase the cash rate target.
Australian central bank raises interest rates under inflation pressures
The Japanese society should do soul-searching regarding its history of aggression and adhere to the pacifist constitution, said Shiradori Hiroshi, a professor of the Hosei University, in an interview with China Central Television (CCTV) in Tokyo on April 30.
He said the government's recent move to discuss revising the three security documents deserve particular attention as the country's foreign and security policies have already witnessed major changes.
"People outside of the country hold that Japan's post-war image as a 'peace state' is now facing a major shift. Against the backdrop of tremendous changes in its foreign and security policies, the revision of the three security documents deserves particular attention. There lacks public debate in terms of the procedure, with policy changes decided unilaterally at Cabinet meetings. It is necessary to fully explain to the public as to whether such a practice is proper," said Hiroshi.
The Japanese government held its first expert panel meeting to discuss revisions to the three security documents at the Prime Minister's Office on April 27, local media reported.
Japan's current National Security Strategy and two related documents, formulated in 2022, were designed to cover the next 10 years, but the government led by Prime Minister Sanae Takaichi has decided to move up the timetable to accelerate the revision process.
Increasing defense spending is one of the key topics of the meeting, according to Kyodo News.
Hiroshi said this year marks the 80th anniversary of the opening of the International Military Tribunal for the Far East, or Tokyo Trials, and the Japanese society must do soul-searching regarding its history of aggression in WWII, when it brought enormous catastrophes on Asian countries.
"Eighty years have passed since the opening of the Tokyo Trials. Japan inflicted enormous suffering on Asian countries during WWII, which should serve as an opportunity for the soul-searching. It is exact on the basis of countless sacrifices that Japan's post-war pacifism and its identity as a 'peace state' took shape. On this 80th anniversary, it is necessary for Japan to re-examine and do soul-searching regarding its history," said Hiroshi.
The Japanese government's effort to revise the pacifist constitution is widely opposed by the public.
On Sunday, around 50,000 people gathered at Tokyo Rinkai Disaster Prevention Park, chanting slogans and holding banners against the government's push for constitutional revision and military expansion, the largest turnout of its kind in recent years.
Japan should adhere to pacifist constitution: scholar
