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 Plans to Fire Fed Governor Lisa Cook ‘If She Doesn’t Resign’Aug 23, 2025US Government Takes 10 Percent Stake in IntelAug 22, 20255 Takeaways From Fed Chair Powell’s Final Jackson Hole SpeechAug 22, 2025Fed’s Powell Signals Possible Rate Cut, Markets RallyAug 22, 2025Related TopicsbondsBank of Japan