http://www.rba.gov.au/speeches/2018/sp-ag-2018-06-06.html  1/19  6/7/2018  Some Features of the Australian Fixed Income Market | Speeches | RBA  Graph 1  This means that developments in the major financial markets around the world, including in key financial centres such as Tokyo, have an influence on Australian financial conditions. Australia has an extensive history of making productive use of foreign capital.
It has long been recognised that there are reliable opportunities for overseas investors to profit from investment in Australian assets, whether they be physical or financial assets. This has enabled Australia to have sustained sizeable current account deficits over the course of the past 150 years or more (Graph 2).