Kavan’s Blog
Kavan shares his insights and perspectives on key issues facing the global economy, financial markets and more in his blog.
The Bank of Japan’s December Surprise – Economic Policy or Currency Politics?
By Kavan Choksi
In a surprise move that shocked markets, the Bank of Japan tweaked its yield curve control (YCC) policy by doubling the cap on bond yields from 0.25% to 0.5% at its latest policy meeting on December 20.