Big news – even the Bank of Japan is starting to tighten monetary policy

The Bank of Japan has been keeping a very tight grip on monetary policy. Now, it’s taking things one step further. John Stepek explains what it means for your money.

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Bank of Japan governor Haruhiko Kuroda: will keep interest rates at current levels "for an extended period".
(Image credit: This content is subject to copyright.)

The Japanese government bond market has been the scene of some excitement in markets recently.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.