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BREAKING NEWS: BOJ chief hospitalized, to be absent from monetary policy meeting next week
Deputy governors will chair the meeting as the BOJ weighs a widely expected rate hike to 1.0 percent, officials and analysts said.
- On Wednesday, Bank of Japan Governor Kazuo Ueda was hospitalized for an infected liver cyst and will miss the June 15 to 16 policy meeting, his first absence since 1998.
- The BOJ is widely expected to raise interest rates next week to a 31-year high of 1.0 percent, countering inflationary pressures from the Iran war and Middle East crisis.
- Deputy Governor Ryozo Himino will chair the two-day meeting beginning Monday, while Deputy Governor Uchida will conduct the post-meeting press conference; Ueda will submit written views without voting rights.
- Japanese Prime Minister Sanae Takaichi has voiced reservations regarding the rate-hike plans, though Nomura Securities strategist Mari Iwashita stated the hospitalization is unlikely to affect next week's decision.
- Ueda is expected to remain hospitalized for about two weeks while working remotely, with plans to attend the July 30 to 31 policy meeting upon recovery.
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Zero Hedge
Zero HedgeBank of Japan Governor Ueda Hospitalized, Will Miss June Meeting
·Japan
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Bank of Japan governor Ueda hospitalised, will miss June meeting
·New York, United States
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right5Center2Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
13%
C 25%
R 62%
Factuality
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