BOJ Hawkish Shift Key to Yen Support, BlackRock's Rieder Says
BlackRock's Rick Rieder believes Japan's efforts to prop up the yen will require hawkish signals from the Bank of Japan. Speaking in an interview, Rieder emphasized that just government intervention in currency markets is not enough.
Rieder thinks the BOJ needs to send clear, hawkish signals to boost the yen, but did not specify what those signals should be or how they would be implemented.