BoJ Chief's Hospital Stay May Push June Meeting Toward Caution

Bank of Japan Governor Kazuo Ueda was hospitalized June 10 with an infected liver cyst and will miss the mid-June policy meeting. A Deputy Governor will lead instead. This matters because the BoJ is carefully unwinding stimulus, and markets hang on every signal about future rate moves. Without Ueda steering consensus from the chair, expect a more cautious tone—fewer hints of tighter policy ahead.