Bank of Japan Gov. Kazuo Ueda has been hospitalized for treatment of an infectious disease and is expected to miss the central bank’s next policy-setting meeting, set for Monday and Tuesday, the BOJ said Wednesday.
The upcoming BOJ Policy Board meeting will be chaired by Deputy Gov. Ryozo Himino, while a news conference after the meeting will be held by Shinichi Uchida, another deputy governor of the BOJ, with both acting for Ueda.
Ueda, 74, is expected to remain in hospital for about two weeks getting treatment for an infected liver cyst, work remotely and attend the next policy meeting, on July 30 and 31, the BOJ said.
The BOJ is widely expected to raise its short-term policy rate to 1% from 0.75% at next week’s meeting, which would take borrowing costs to levels unseen in three decades.
The announcement follows one the BOJ made in late May that its Deputy Gov. Uchida had been discharged from hospital after recovering from leukaemia treatment.
