The rise in Japanese holdings of foreign bonds had an enormous impact on global markets between 2011 and 2020. The markets will now have to adapt to a sustained reduction in Japanese demand.

The planet is on fire, the pandemic smolders on, and the global recovery is faltering. The G20 was created for just such challenges, and the Rome summit offers it a chance to rise to the occasion. 

In the absence of U.S. leadership, multilateral responses to COVID-19 have been inadequate to date.

The February 20 Brazil-EU Cyber Dialogue signaled the most recent step taken by Brasília and Brussels to collaborate on advancing responsible state behavior in cyberspace. While there have sometimes …