Japan's Central Bank Chief Hospitalized: What It Means for Interest Rates

Bank of Japan Governor Kazuo Ueda is hospitalized and will miss the central bank's key meeting in mid-June. A deputy will lead instead. This matters because the BoJ is slowly raising interest rates, and markets hang on every signal about when and how fast that happens. Without Ueda steering the discussion, expect a more cautious stance—fewer hints that rates will rise. That leaves investors guessing.