Ueda’s absence has no big impact on decision today
The Bank of Japan’s deputy governor stated that Governor Ueda’s absence does not significantly impact today’s decision.
The central bank has been managing the situation with their communication over the past month.
Ueda’s hospitalisation is short-term and not expected to affect monetary policy conduct.
The BOJ is not expected to make policy changes in July, but the odds of a rate hike increase by the October meeting.