Global Developments: Japan’s Political Stability, Industrial Incident, and Key US Policy Shifts

Group 1: Japan's Political Landscape - Japan's Takaichi Cabinet has achieved a strong 75% approval rating in a recent Nikkei poll, reflecting significant public support and political stability [3][9] - Reasons for the high approval include trust in Takaichi's leadership and optimism regarding her economic policies, with ratings from various media outlets ranging from 69% to 83% [4] Group 2: Industrial Incident - An explosion occurred at Nippon Steel's Muroran plant, but no injuries were reported, mitigating immediate human impact [5][9] - Nippon Steel Corporation is a major player in the global steel industry, with its stock trading at $4.04 on November 29, 2025 [5] Group 3: Australia's Manufacturing Sector - Australia's manufacturing sector demonstrated continued expansion in November, with the S&P Global Manufacturing PMI holding steady at 51.6, indicating a return to growth after a slight contraction [6][7][9] Group 4: US Political Landscape - President Trump has made his selection for the next Federal Reserve Chair, with Kevin Hassett considered the frontrunner to succeed Jerome Powell [8][9] - The Trump administration is implementing a pause on all asylum decisions and considering a long-term ban on migration from certain nations, citing national security concerns [12][9]