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 ArticlesTrump’s Trade Strategy Enters High Gear Ahead of Aug. 1 Tariff DeadlineJul 11, 2025Americans Drive More Than Ever—and They’re Paying for ItJul 11, 2025Newborns to Get $1,000 ‘Trump Accounts’—Here’s How It WorksJul 11, 2025US Jobless Claims Fall to Lowest Level in 7 WeeksJul 10, 2025Related TopicsbondsBank of Japan