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 Says He'll Set 50 Percent Tariff on CopperJul 08, 2025Bessent Says Federal Reserve’s Challenges Go Beyond Chairman Powell’s Stance on Interest RatesJul 07, 2025US to Make Several Trade Announcements in Next 48 Hours: BessentJul 07, 2025Winners and Losers in GOP MegabillJul 04, 2025Related TopicsbondsBank of Japan