Key Takeaways
- The Bank of Japan announced a tweak to its interest rate policies, allowing ten-year bond yields to rise.
- It also announced an increase in its bond-buying program.
- Overall, stocks fell on the news, and the yen spiked in value as investors worldwide expressed fear over the end of easy money policies across the globe.
Investors watch central banks and their policy decisions closely due to the impact those decisions can have on both the stock market and the economy as a whole. Any unexpected changes can send shockwaves through the local market. Changes in large economies can lead to sizable ripples across the globe.
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