Economy

BOJ bites the bullet with unexpected policy shift

Japanese central bank's hand forced by criticism over falling yen

20221220N Kuroda

Bank of Japan Gov. Haruhiko Kuroda has faced pressure as the BOJ's ultraloose monetary policy fueled price increases for imported goods. © Reuters

KENICHI ONOZWA, Nikkei staff writer
December 21, 2022 02:32 JST

TOKYO -- The Bank of Japan's surprise adjustment of its interest rate controls on Tuesday will have ripple effects for the economy and keep financial markets on edge over the possibility of another shock.

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