BOJ Governor Ueda Hospitalized, Will Miss Policy Meeting
Bank of Japan Governor Kazuo Ueda has been hospitalized for treatment of an infected liver cyst and will miss the central bank's policy-setting meeting scheduled for Monday and Tuesday. Deputy governors will chair the meeting and conduct the news conference in his absence, while Ueda is expected to recover within two weeks and attend the next meeting on July 30-31. The timing is significant as the BOJ is widely expected to raise its short-term policy rate to 1% at next week's meeting, the highest level in three decades.
Bank of Japan Governor Kazuo Ueda, 74, has been hospitalized for treatment of an infected liver cyst and will be absent from the central bank's upcoming policy-setting meeting on Monday and Tuesday. Deputy Governor Ryozo Himino will chair the meeting, while Deputy Governor Shinichi Uchida will conduct the post-meeting news conference. Ueda is expected to remain hospitalized for approximately two weeks, during which he will work remotely and is anticipated to attend the BOJ's next policy meeting scheduled for July 30-31. The BOJ is widely expected to raise its short-term policy rate from 0.75% to 1% at next week's meeting, which would represent the highest borrowing costs in three decades. This announcement follows a May disclosure that Deputy Governor Uchida had been discharged after completing leukemia treatment.
What different sources said
- The Japan TimesCenter
BOJ Gov. Ueda hospitalized and will miss policy meeting
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