The Details in the Dollar

In the same week the Federal Reserve shut off the printing presses, the Bank of Japan ordered more ink and paper! On Halloween, Haruhiko Kuroda, the Governor of the Bank of Japan shocked the investing community by announcing the central bank would increase its quantitative easing program, boosting its monetary base at an even faster pace, bringing its annual bond buying purchases to 80 trillion yen (approximately $724 billion). The monetary policy surprise sent local equity markets soaring…