The fact that it’s now a two-way agreement is symbolic and a positive step that may lead to further cooperation. A currency swap is still just a safety net for countries in the case of...

There is a whole generation of homebuyers stuck out in far suburbs. It’s sad, but Japan has basically forgotten about them, and is moving on. They are just left out there.

The private sector is innovating like crazy. Japan is back to healthy growth.

Maybe my wife should be the economist.

The recovery is expanding across the economy. It’s not just exports driving the economy anymore.

It probably won’t happen, but there’s always the possibility of unexpected consequences.