Despite turbulence in financial markets, Japan’s multiple disasters will likely not have a major global economic impact, and reconstruction will provide a boost to the Japanese economy in the long te…

CFR geoeconomic fellow Brad W. Setser explains what’s behind the dollar’s recent decline and says the Federal Reserve shouldn’t use interest rates as a tool to stabilize the exchange rate.

Reviving Japan’s economy from its two-decade-long slump is key to stabilizing the country’s political environment, says expert Gerald Curtis.

CFR’s Benn Steil says the dollar’s continuing decline could result in higher prices for major imports like energy and, in a worst-case scenario, might lead to higher inflation and interest rates.

While Congress is likely to raise the U.S. debt ceiling ahead of the August 2 deadline, lawmakers will still need to hash out a long-term deficit-reduction package to avoid market disruption and pres…