Bank of Japan Governor Kazuo Ueda will skip the June 15-16 policy meeting due to hospitalization, with deputies leading discussions.
Bank of Japan Governor Kazuo Ueda has been hospitalized, forcing him to miss the central bank’s June 15-16 monetary policy meeting. Deputy Governor Ryozo Himino will chair the session, while Deputy Shinichi Uchida will handle the post-decision press conference. Ueda is expected to remain hospitalized for two weeks, though details of his illness were not disclosed.
The BoJ is widely anticipated to raise its benchmark interest rate by 25 basis points to 1% at the June meeting, marking its highest level in over 30 years. Markets had priced in the move amid persistent inflation and a weakening JPY, which recently hit multi-decade lows against the USD.
No immediate market reaction was reported following the announcement, though traders may reassess policy continuity with Ueda sidelined.