Deputy Governor Himino will chair the June 15-16 session, the first absence by a BoJ chief since 1998, with no policy impact expected.
Japan’s Finance Minister confirmed the Bank of Japan’s monetary policy meeting will go ahead as scheduled next week, despite Governor Kazuo Ueda’s hospitalization for an infected liver cyst. Deputy Governor Ryozo Himino will lead the session, marking the first time a BOJ governor has missed a meeting since 1998.
The central bank’s agenda includes plans to expand retail Japanese Government Bond offerings. Deputy Governor Shinichi Uchida will handle the post-meeting press conference. Ueda’s absence is not expected to alter policy outcomes, officials said.
USD/JPY traded at 160.20, up 0.17% on the day, reflecting limited market reaction to the news.