We represent companies from around the world who say, "I want to look at Japanese companies. I want to invest in Japan."

All businesses tend to pass costs onto customers.

There is a lot of focus on that first rate move, and I'm not sure how important that is.

When the government gets involved in pricing, I don't think it's the right way to look at a business.

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

JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.

I've been regulated my whole life. We have progressive taxes. It's not a free-market free-for-all. I completely understand that society has a perfectly legitimate right to put in structures and regulations and rules that make it fairer, better, cleaner.