As long as the Fed keeps printing, so must all other central banks.

Japan must keep their currency at par if not devalued if they want to maintain or increase their exports. As you can see, Abe has convinced the Japanese central bank to increase money supply by $711 billion a year, and indefinitely it appears. Keep in mind, this "may" help Japanese business' via continued exporting, but it hurts Japanese households by lowering purchasing power. Thus is a zero sum game for Japan, their efforts are simply taking from their households and giving to their business'. This is just more proof that our central banks are slowly destroying "main street" with all the printing. Randy

Bank of Japan Sticks With Its Campaign of Record Monetary Easing
2013-10-31 04:15:26.805 GMT

By Toru Fujioka and Masahiro Hidaka
Oct. 31 (Bloomberg) -- The Bank of Japan stuck with its campaign of unprecedented monetary easing as Prime Minister Shinzo Abe seeks to jolt the nation out of a 15-year deflationary malaise.
Governor Haruhiko Kuroda's board maintained a pledge to expand the monetary base by 60 trillion to 70 trillion yen ($711
billion) a year, in a decision released in Tokyo today. That matched the forecasts of all 34 economists in a Bloomberg News survey.
While weakness in the yen and higher energy prices have helped to counter deflation, last month's 0.7 percent increase in the BOJ's key price gauge showed that a goal of sustained 2 percent inflation remains distant. The latest inflation forecasts from the central bank's board will be released at 3pm in Tokyo, updating a median forecast in July of a 1.9 percent gain in prices for the year starting April 2015.
"The hurdle is still extremely high for the BOJ to meet the price target," said Yoshimasa Maruyama, chief economist at Itochu Corp. in Tokyo. "I can't imagine Japan's economy will be able to have 2 percent inflation in two years after prolonged deflation was engraved deeply."



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