FILE PHOTO: Anthony Albanese, leader of Australia's Labor Party, addresses supporters after incumbent Prime Minister and Liberal Party leader Scott Morrison conceded defeat in the country's general election, in Sydney, Australia May 21, 2022. REUTERS/Jaimi Joy
Although votes are still being counted and the makeup of government has yet to be finalised, Albanese was sworn in so he could attend a key meeting of the"Quad" security grouping in Tokyo on Tuesday. Australian financial markets offered a muted reaction to the election verdict on Monday, with the outcome already priced in and no radical change in economic course expected.
Albanese said he spoke to U.S. President Joe Biden on Sunday night and was looking forward to meeting him alongside the prime ministers of Japan and India on Tuesday. He will return to Australia on Wednesday.
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