“The BOJ will double the monetary base by purchasing about 7.5 trillion yen of Japanese government bonds per month. It plans to extend the average maturity of its portfolio from three to seven years. And it will continue such actions until it achieves its inflation target.  In other words, the BOJ is doing exactly what the Federal Reserve is doing. And for this it gets a warning from the U.S. Treasury ‘to refrain from competitive devaluation and targeting its exchange rate for competitive purposes’? The message came in the Treasury’s semiannual report on international exchange rates, released on April 12.”

http://www.bloomberg.com/news/2013-04-15/u-s-treasury-to-boj-do-as-we-say-not-as-we-do.html

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