Opinion
What the Bank of Japan decision means to the rest of the world
The BoJ is now starting to take the strong medicine it needs. It will have to maintain a steely resolve. Investors globally will be on watch.
Marcus AshworthThe year isn’t yet done with rattling investors’ cages. The Bank of Japan’s surprise widening of its yield curve-control policy on 10-year government bonds will have an impact far beyond its shores.
The decision may be ostensibly designed to improve the functioning of its domestic government and corporate bond markets – which have sunk into an illiquid quagmire – but the unspecified reasons may be more compelling.
Washington Post
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