BOJ Governor Ueda Hospitalized, Will Miss June Policy Meeting as Deputy Takeover

According to Jin10, Bank of Japan Governor Ueda Kazuo was hospitalized on June 11 and will miss the BOJ's policy meeting next week, including voting. Deputy Governor Himino Yoshimasa will assume the chair, while Deputy Governor Uchida Shinichi will lead the post-meeting press conference.

Market participants remain confident the BOJ will proceed with a rate hike, but uncertainty has grown over whether Uchida can communicate as clearly as Ueda during the briefing. Investors have grown accustomed to Ueda's communication style and demeanor at press conferences, making it harder to assess the central bank's true policy stance without him present.