Rising inflation will prove to be the starting point for the undoing of the domestic economy.

This is more a case of investors pouring money into the Japanese economy than a case of investors scooping money out of the U.S. economy, ... The dollar is weak against the yen, but strong against almost all other currencies, which suggests to me that it's speculative money flowing into Japan.

Strong economies and low inflation may not be inconsistent anymore.

The government is quite rationally focusing on the issues that will deliver the most domestic bang for its yuan...That puts the US Congress and its demand for yuan reforms in the back seat.

In recent experience, any report that shows Germany's economy faltering has been bad for the euro,

Inflation is still moderate but this is about the outlook, and an economy that's doing well bears always risks.