I do think there will be more Japanese companies expanding out of Japan, and there will be more cross-border flow from Japan.

JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.

You would expect to see that first in high-yield [debt], but it was in the most liquid thing in the world. So that, I think - it's a little bit of a warning that we've got to be prepared and just be careful.

I've always been a ... believer in good regulation.

Abenomics, quantitative easing, fiscal policy - we know all the issues.

I think the politics have gotten better in the United States, which makes it easier to pass legislation, budgets and treaties.

The country [India] is doing far better.