Inflation Seems to be Building, Maybe Even in Japan

It may be a good time to think about converting floating rate mortgages to fixed rate.  There's an aweful lot of money floating around and it my be just a matter of time before developed economies will be needing to raise interest rates.  Plus in Japan, there is a good chance the government will be financing earthquake and tsunami reconstruction by selling bonds, pushing rates up further—this is not advice, but something we should all keep in mind.