Australia's TD-MI inflation index rose 4.9% year-on-year in October, down from 4.80% previously.

Australia's TD-MI inflation index rose 0.5% month-on-month in October, down from 0.30% previously.

On Monday, November 2, the NI225 index opened down 349.41 points, or 0.55%, to 62,940.70.

Australia's S&P/ASX 200 index opened down 11.90 points, or 0.13%, at 8896.20 on Monday, November 2.

With the increase in foreign property ownership, the Japanese government is considering taxing the income of overseas residents operating real estate rental or parking businesses in Japan to address tax unfairness. Currently, prefectures in Japan do not have the authority to tax overseas residents; they can only tax those with offices or residences in Japan. The Ministry of Internal Affairs and Communications plans to include this change in the tax reform guidelines for fiscal year 2027, currently being developed by the government and the ruling coalition. The personal business tax rate is approximately 5%, calculated based on the business owner's previous year's business or real estate income, minus a deduction of 2.9 million yen (approximately US$18,420). The aim is to maintain tax fairness. The authority to collect the personal business tax rests with the prefecture where the business is located. While Japanese residents can be taxed based on their place of residence even without a business location, overseas residents without a business location or residence in Japan cannot be taxed, leading to a disparity in tax burden.

According to the Sankei Shimbun: The Japanese Ministry of Defense estimates that the defense budget will reach 80 trillion yen within 5 years, 1.8 times the current plan.