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Caroline Kennedy (Brian Snyder/Reuters)

Why Caroline Kennedy as ambassador of Japan? Because Japan really likes having “a person of great renown” in the job, reports our colleague Jason Horowitz — it reinforces Japan’s importance to the US. She would be the third ambassador in her family, after her grandfather, the ambassador to Great Britain in the pre-war years, and her aunt Jean, envoy to Ireland in the 90s. (Oh, and in case you are wondering, her husband Edwin Schlossberg is not expected to join her full-time in Tokyo.)

Also: Former Sen. Bob Graham’s daughter is running for Congress. . . . The Hillary for President PAC is already a thing now . . . And now that William Howard Taft has joined the Racing Presidents, it looks like he and Teddy Roosevelt will act out their old feuds on the baseball field, reports Dan Steinberg.

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