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Bank of Japan Shocks Financial Markets—but Will It Affect Global Economy?

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Bank of Japan Shocks Financial Markets—but Will It Affect Global Economy?
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, on Dec. 19, 2019. Kim Kyung-Hoon/Reuters
Andrew Moran
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News Analysis
The Bank of Japan (BoJ) shocked Asian financial markets on Dec. 20 when it widened caps for a benchmark government bond yield. 
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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