The economy is rebounding. The housing crisis is easing. And there’s no plausible reason to worry about inflation, since the Federal Reserve will soon begin retreating from its quantitative-easing program.
This view is... more ››
For about seventy years, the U.S. dollar has been the currency of choice for central banks around the world when choosing how to allocate their foreign exchange reserves. Presently, the dollar makes up about 60 percent of global... more ››
Sixty-eight years ago Thursday, Japan lost the Second World War, and Koreans regained their national independence from colonial rulers. Since then, the two nations have seldom greeted the anniversary of the historic day without a... more ››
China is not impossibly indebted, considering it has $3.5 trillion in currency reserves. JPMorgan reckons its debt-to-gross-domestic-product ratio rose to 187 percent in 2012 from 105 percent in 2000, compared with Japan’s... more ››
In his memorial speech Thursday for Japan’s 3.1 million war dead on the occasion of the 68th anniversary of Japan’s surrender to the Allied Powers in World War II, Prime Minister Shinzo Abe failed to express remorse over the... more ››