The Japan Times - Australian PM calls general election for May 3

EUR -
AED 3.973189
AFN 76.757157
ALL 99.283389
AMD 422.929238
ANG 1.936511
AOA 989.777391
ARS 1158.272106
AUD 1.731759
AWG 1.949808
AZN 1.836735
BAM 1.955509
BBD 2.184055
BDT 131.458005
BGN 1.955427
BHD 0.407728
BIF 3214.762126
BMD 1.081724
BND 1.452157
BOB 7.501745
BRL 6.247716
BSD 1.081629
BTN 92.454531
BWP 14.838517
BYN 3.539908
BYR 21201.790649
BZD 2.172736
CAD 1.55341
CDF 3107.249569
CHF 0.953221
CLF 0.026562
CLP 1019.330236
CNY 7.856886
CNH 7.853695
COP 4543.965608
CRC 541.309431
CUC 1.081724
CUP 28.665686
CVE 110.246554
CZK 24.959729
DJF 192.237836
DKK 7.460673
DOP 68.139229
DZD 144.704404
EGP 54.70895
ERN 16.22586
ETB 142.109323
FJD 2.517442
FKP 0.835656
GBP 0.835275
GEL 3.001788
GGP 0.835656
GHS 16.7155
GIP 0.835656
GMD 77.33477
GNF 9341.896523
GTQ 8.347147
GYD 226.062586
HKD 8.414688
HNL 27.73499
HRK 7.530985
HTG 143.958819
HUF 401.816983
IDR 17913.430257
ILS 4.028259
IMP 0.835656
INR 92.527588
IQD 1417.433183
IRR 45435.22979
ISK 142.764351
JEP 0.835656
JMD 169.662617
JOD 0.766966
JPY 161.630081
KES 140.120317
KGS 93.460971
KHR 4324.527069
KMF 491.467302
KPW 973.55142
KRW 1590.600972
KWD 0.334626
KYD 0.88702
KZT 544.990193
LAK 23432.830866
LBP 96868.366829
LKR 320.3309
LRD 216.049933
LSL 19.909404
LTL 3.19405
LVL 0.654324
LYD 5.230135
MAD 10.42038
MDL 19.395318
MGA 5031.287238
MKD 61.301307
MMK 2271.507328
MNT 3779.583555
MOP 8.665975
MRU 43.299097
MUR 49.305549
MVR 16.723449
MWK 1875.008752
MXN 22.054892
MYR 4.799577
MZN 68.772445
NAD 19.909404
NGN 1661.223136
NIO 39.61763
NOK 11.412507
NPR 148.113536
NZD 1.903639
OMR 0.416515
PAB 1.081724
PEN 3.958323
PGK 4.415179
PHP 62.059884
PKR 302.931584
PLN 4.171997
PYG 8647.194129
QAR 3.937759
RON 4.970223
RSD 117.02828
RUB 91.89107
RWF 1525.236271
SAR 4.056333
SBD 9.194425
SCR 16.123912
SDG 647.858115
SEK 10.847458
SGD 1.452194
SHP 0.850065
SLE 24.673824
SLL 22683.212856
SOS 617.844354
SRD 39.418019
STD 22389.503071
SVC 9.465313
SYP 14064.382841
SZL 19.909404
THB 36.666655
TJS 11.756831
TMT 3.785524
TND 3.363598
TOP 2.604045
TRY 41.043796
TTD 7.34107
TWD 35.94856
TZS 2828.74159
UAH 45.004883
UGX 3964.401972
USD 1.081724
UYU 45.645014
UZS 13968.50041
VES 74.931409
VND 27643.548286
VUV 132.778966
WST 3.0428
XAF 655.289736
XAG 0.031729
XAU 0.000347
XCD 2.920655
XDR 0.816001
XOF 655.289736
XPF 119.331742
YER 265.855331
ZAR 19.877917
ZMK 9736.809206
ZMW 30.851353
ZWL 348.314691
  • RIO

    -1.8000

    59.23

    -3.04%

  • RBGPF

    1.0000

    68

    +1.47%

  • NGG

    -0.0600

    65.51

    -0.09%

  • SCS

    -0.1200

    10.98

    -1.09%

  • RYCEF

    0.0000

    9.91

    0%

  • GSK

    -0.7150

    38.025

    -1.88%

  • RELX

    0.0300

    50.19

    +0.06%

  • CMSC

    -0.0678

    22.395

    -0.3%

  • AZN

    -1.3400

    72.45

    -1.85%

  • BP

    0.0590

    33.919

    +0.17%

  • VOD

    -0.0800

    9.37

    -0.85%

  • BCE

    0.2790

    23.249

    +1.2%

  • CMSD

    -0.0100

    22.7

    -0.04%

  • BTI

    0.5850

    41.095

    +1.42%

  • JRI

    0.0690

    12.939

    +0.53%

  • BCC

    -1.6100

    96.69

    -1.67%

Australian PM calls general election for May 3
Australian PM calls general election for May 3 / Photo: MIKE BOWERS - AFP

Australian PM calls general election for May 3

Australia will hold a general election on May 3, Prime Minister Anthony Albanese said Friday, locking in a showdown over climate action, nuclear power and a runaway housing market.

Text size:

Albanese's centre-left Labor party took office in May 2022, turfing out a conservative government deeply unpopular after almost a decade in charge.

But initial enthusiasm for Albanese, 62, has evaporated in recent months as the government nears the end of its three-year term.

Polls show him neck-and-neck with right-leaning Peter Dutton, 54, a hard-nosed former detective who wants to cut back on immigration and reverse a ban on nuclear power.

"Over the last few years, the world has thrown a lot at Australia in uncertain times," the prime minister told reporters.

"Because of the strength and resilience that our people have shown, Australia is turning the corner. Now, on May 3, you choose the way forward."

Albanese declared he was "born ready" to deal with climate challenges, tariff turmoil and the long tail of inflation.

And he warned any foreign foes intent on meddling in the election campaign to "back off".

Coal mining-superpower Australia will choose between two candidates with sharply contrasting ideas on climate change and emissions reduction.

Albanese's government has embraced the global push towards decarbonisation, warning of a future in which iron ore and polluting coal exports no longer prop up the economy.

His election catchcry is "building Australia's future" -- an agenda that includes big subsidies for renewable energy and green manufacturing.

The government used an annual government budget earlier this week to unveil surprise tax cuts while pouring money into traditional Labor priorities such as education and healthcare.

"Getting Australia back on track," is the contrasting slogan of Dutton.

Dutton's signature policy is a US$200 billion scheme to construct seven industrial-scale nuclear reactors, doing away with the need to ramp up renewables.

He has committed to slashing immigration by 25 percent and setting "stricter caps" on foreign students allowed to study in Australia.

Polling shows economic concerns such as the high cost of housing will dominate the contest.

Although inflation has eased under Albanese -- from 7.8 percent in 2022 to 2.4 percent in December -- many households are still struggling with high food, fuel, and power prices.

Both sides have vowed to tackle an overheated housing market.

Major cities Sydney and Melbourne now rank among the 10 least-affordable housing markets in the world, according to the annual Demographia affordability index.

- 'Not a monster' -

Albanese has spent most of his adult life in politics, rising through the Labor Party ranks from humble working-class beginnings.

He touts his love of indie music and his shaggy cavoodle Toto -- and once famously declared that "fighting Tories" was his purpose.

Dutton is a former drug squad detective widely seen as a no-nonsense political "hardman".

His success will hinge, in part, on efforts to soften this image and broaden his appeal.

Dutton's wife once told a tabloid newspaper that her misunderstood husband was "not a monster".

An accomplished minister in the previous conservative government, Dutton has held weighty portfolios such as defence and home affairs.

But he faced heavy criticism for his unyielding treatment of asylum seekers as Australia's immigration minister.

- Independents day -

Australian politics has long been dominated by Albanese's left-leaning Labor Party and Dutton's right-leaning Liberals.

But growing disenchantment among voters has emboldened independents pushing for greater transparency and climate progress.

Polls suggest 10 or more unaligned crossbenchers could hold the balance of power -- making a rare minority government a distinct possibility.

The two major parties largely agree on defence and national security, committing Australia to an increasingly close military alliance with the United States.

But they have differed over China in the past.

Albanese has upped engagement with key trading partner China and made a breakthrough trip to Beijing in 2023, the first Australian leader to visit in seven years.

The previous conservative government was highly critical of China, igniting a trade war that cost Australia billions of dollars until subsiding late last year.

K.Nakajima--JT