More QE From Japan May Need To Precede Next Fed Hike

Last Thursday, everyone was awaiting the Friday Jackson Hole speech from Yellen.  I suggested that, while all eyes were on Yellen, maybe Kuroda (the head of the BOJ) would steal the show:  "he could conjure up some Bernanke style QE3. Not a bad bet to be long USD/JPY and dollar-denominated Nikkei through the weekend