BOJ's Ueda to Miss June 15-16 Meeting as Hospitalization Clouds Rate-Hike Messaging
Updated
Updated · Bloomberg · Jun 11
BOJ's Ueda to Miss June 15-16 Meeting as Hospitalization Clouds Rate-Hike Messaging
3 articles · Updated · Bloomberg · Jun 11
Summary
Kazuo Ueda is expected to miss the BOJ's June 15-16 policy meeting and will not cast a vote, after his hospitalization.
A written statement will convey Ueda's views, but his absence has stirred investor uncertainty over how the central bank will communicate its decision.
Deputy Governor Ryozo Himino will chair the meeting in Ueda's place, while Deputy Governor Shinichi Uchida will handle the post-meeting press conference.
Markets still broadly expect BOJ officials to raise interest rates next week, making the main question less the decision itself than the tone and guidance around it.