One way out of the imbroglio, suggests a Japanese diplomat, might be for the government to ask prosecutors to impose a nominal fine on the captain and release him.

ECONOMIST: A row over disputed islands goes from bad to worse

The use of the Fed to peg nominal interest rates at artificially low levels, fine tune the yield curve, incentivize risk taking, monetize government debt, and inflate selected asset prices by allocating credit are deviations from sound money and free markets.

FORBES: The Fed's Incredible Rate Forecasting Hubris