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 ArticlesUS Job Growth Slowed in July—Key TakeawaysAug 01, 2025Trump Fires Labor Statistics Chief After July Jobs ReportAug 01, 2025Trump Sets 40 Percent Tariff on Transshipments—Here’s What to KnowAug 01, 2025US Economy Adds 73,000 New Jobs in July, Fewer Than Market EstimatesAug 01, 2025Related TopicsbondsBank of Japan