Ueda hospitalised BOJ meeting plans have changed, with Deputy Governor Himino set to chair next week’s monetary policy meeting and Deputy Governor Uchida assigned to handle the press conference.
Policymakers will hold the two-day meeting next week. The Bank of Japan will announce its decision on June 16. Meanwhile, the central bank said Ueda is expected to return for the next meeting on July 30-31.
Ueda Hospitalised BOJ Meeting Changes
Himino will lead the policy meeting in Ueda’s absence. Uchida will take over the press conference role instead. Therefore, the Bank of Japan has split the governor’s usual duties between its two deputy governors.
The source article did not cite any reason beyond saying Ueda had been hospitalised. However, it said the central bank expects him back for the meeting next month. That meeting is scheduled for July 30-31.
Next Week’s BOJ Decision Timeline
The policy meeting will run for two days next week. The decision is due on June 16. Meanwhile, the source article said markets still widely expect the Bank of Japan to raise the policy rate by 25 basis points to 1%.
It also said attention may turn to Uchida’s press conference after the decision. However, that view came from the source article’s commentary rather than from the Bank of Japan statement itself.
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