Economic PoliciesBank of Japan Shocks Financial Markets—but Will It Affect Global Economy?SavePrintBank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, on Dec. 19, 2019. Kim Kyung-Hoon/ReutersAndrew Moran12/21/2022|Updated: 12/23/20220:00X 1News AnalysisThe Bank of Japan (BoJ) shocked Asian financial markets on Dec. 20 when it widened caps for a benchmark government bond yield. Share this articleLeave a commentAndrew MoranAuthorAndrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."Author’s Selected ArticlesThe Fed’s $2.5 Billion Renovations, Political Fallout—What to KnowJul 18, 2025Trump Signs Major Crypto Bill to Set Up Stablecoin Regulatory FrameworkJul 18, 2025Inflation Expectations Slide Back to Pre-Tariff Levels: University of Michigan ReportJul 18, 2025Inflation Outlook: Who’s ‘Eating’ Tariffs and What’s Next for the US EconomyJul 18, 2025Related TopicsbondsBank of Japan