The U.S. Fed has started long-awaited cuts to interest rates. And Japan has this year ended 17 years of zero interest rates. We discuss the global impact and where these economies might be headed. Moderator Yuko Fukushima NHK WORLD-JAPAN Panelists Steve Hanke Professor of Applied Economics, Johns Hopkins University Belinda Román Associate Professor of Economics, St. Mary's University Ueda Kenichi Professor of Economics and Public Policy, The University of Tokyo Shirai Sayuri Former Member of the Policy Board of the Bank of Japan