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 US Ending All Trade Talks With CanadaJun 27, 2025US Stocks Rally, S&P 500 Closes at Record Amid Trade StrifeJun 27, 2025Federal Reserve’s Preferred PCE Inflation Ticks Up SlightlyJun 27, 2025US Jobless Claims Slide to 6-Week Low: Labor Department DataJun 26, 2025Related TopicsbondsBank of Japan