It's time to trade out of investments whose success depends on a strong economy... for both stocks and corporate bonds.

If the Fed is to achieve its objective of slowing the economy, they must consider the risk that their inaction on rates could spur growth before the economy has had a chance to truly slow,

The trade surplus figures showed strong exports and domestic demand. This shows the economy is robust enough to withstand a rate increase later this year, supporting the yen.

The latest trade figures confirm that Japan's economy is recovering steadily and modestly.

It suggests the drag on the economy from the trade deficit in the third quarter will not be as great and could help revise up third-quarter GDP a bit,

The strong domestic economy should cushion the impact of an anticipated slowdown in Hong Kong's trade growth this year.