# BlackRock’s Rieder: Yen rebound needs BOJ hawkishness 2026-08-13T20:23:36+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet BlackRock's chief investment officer Rick Rieder said supporting the yen will require more than government intervention and needs hawkish signals from the Bank of Japan. The yen has edged back toward 160 per dollar, near its weakest in four decades, unwinding some gains from recent US-Japan joint efforts. Rieder told Bloomberg Television that intervention is 'not the most durable' path and that monetary policy must convince markets that Japan will raise rates when needed. Japan's benchmark rate stands at 1% compared with the Fed's 3.5%-3.75% target range. Sources familiar with the matter told livemint.com that Prime Minister Takaichi's government supports a near-term rate hike, likely in September or October. Rieder expects another quarter-point increase in September, though a delay to December is possible. Swap markets indicate traders see a Fed rate cut by year-end. ## Coverage - livemint.com Tags: Bank of Japan, BlackRock, forex intervention, interest rates, yen Canonical: https://indianopinion.org/blackrocks-rieder-yen-rebound-needs-boj-hawkishness/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/blackrocks-rieder-yen-rebound-needs-boj-hawkishness/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.