Bank of Japan Governor Ueda Hospitalized, Deputy to Lead June Meeting
Bank of Japan Governor Kazuo Ueda has been hospitalized for medical treatment and will not attend the upcoming policy meeting scheduled for June 15-16. The central bank announced that Deputy Governor Ryozo Himino will preside over the rate review in Ueda's absence. Additionally, Deputy Governor Shinichi Uchida will host the post-meeting press conference. Ueda, who is 74 years old, is receiving treatment for an infected liver cyst and is expected to remain in the hospital for approximately two weeks. Despite his hospitalization, Ueda plans to work remotely and aims to participate in the next policy meeting set for July 30-31. The Bank of Japan is anticipated to raise its short-term policy rate to 1% from the current 0.75%, marking a significant increase in borrowing costs not seen in three decades. 
