Stock Market Plummets After Bank of Japan's Policy Change

The Bank of Japan (BOJ) made a significant policy change today, expanding the allowable range for long-term interest rates from 0.5% to 1%. The news sent the dollar-yen exchange rate plummeting to around 133 yen and caused the Nikkei Average to drop as low as 26,000 yen. Investors were left in shock as their portfolios took a major hit. One investor, who had recently purchased 500,000 yen worth of stocks with her bonus money, was especially devastated by the news. "I can't believe it," she said. "My portfolio has been decimated overnight." Analysts are predicting that this policy change will have far-reaching consequences for both domestic and international markets. Many investors fear that the stock market could take an even bigger hit if other central banks follow suit and adjust their own policies accordingly. In addition, there is concern that this could lead to a decrease in consumer spending due to higher borrowing costs and reduced access to credit. It remains unclear how long these effects will last or how much further the stock market could fall in response to this policy change. For now, investors are advised to exercise caution when making any decisions about their portfolios until more information becomes available about potential future developments in the financial markets.