Japan’s Katayama: No impact expected on policy meeting after BoJ's Ueda hospitalized

Japan’s Finance Minister Satsuki Katayama said on Friday that the Bank of Japan’s (BoJ) monetary policy meeting on June 15-16 will proceed as planned despite Governor Kazuo Ueda’s absence. Ueda is in the hospital with an infected liver cyst.

Deputy Governor Ryozo Himino will chair the meeting, marking the first time a BOJ governor has missed a policy session since 1998. Fellow Deputy Governor Shinichi Uchida will handle the post-meeting press conference.

Key quotes

Aiming to broaden retail JGB offerings. 

No impact expected on central bank policy meeting after BoJ's Ueda hospitalized. 

Receiving U.S. intelligence support on establishment of Japan version of CFIUS. 

Market reaction

As of writing, the USD/JPY pair is up 0.17% on the day at 160.20.