Central Banks
BlackRock’s Shigekawa Sees Risk to Yen on BOJ Miscommunication
The Bank of Japan headquarters in Tokyo.
Photographer: Akio Kon/BloombergBlackRock Inc. portfolio manager Rie Shigekawa highlighted risks to the yen if the Bank of Japan fails to prepare the market for a June interest-rate hike at the next policy meeting.
Market expectations for the central bank to raise rates next week have diminished since the Middle East conflict broke out, Shigekawa said at the Bloomberg New Voices event in Tokyo on Thursday. So it will be key for Governor Kazuo Ueda to send the message that his policy board remains committed to rate hikes as soon as June, she said.