BlackRock Inc. (BLK:US), the world’s biggest money manager, said it added to a bet that the yen would weaken, citing the potential for the Bank of Japan to add to economic stimulus measures that tend to debase the currency.
“We remain underweight Japanese government bonds and have increased our short-yen position,’’ Scott Thiel, deputy chief investment officer of fundamental fixed-income in London, said today in an e-mailed statement. “The JGB market has remained volatile for some time, following the BOJ’s announcement that it would significantly increase its loose monetary policy.”
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