Haruhiko Kuroda showed yesterday he’s following in the footsteps of New York Fed chief Ben Bernanke as he swung the Bank of Japan from incremental moves to unprecedented stimulus at the governor’s first policy meeting.

The BOJ will double the monetary base by the end of 2014 through buying government bonds in Japan’s biggest round of quantitative easing. JPMorgan said Japan and the US are now “in the same camp” when it comes to monetary stimulus.