BOJ's Ueda hospitalized, set to miss June 15-16 rate meeting

Bank of Japan Governor Kazuo Ueda has been hospitalized for treatment and will miss the central bank’s June 15-16 policy meeting, the BOJ said Wednesday. Ueda, 74, is expected to remain in hospital for about two weeks for treatment of an infected liver cyst, though the bank said he will work remotely and plans to attend the next meeting on July 30-31. Deputy Governor Ryozo Himino will preside over next week’s review, while Deputy Governor Shinichi Uchida will hold the post-meeting press conference. The BOJ said Ueda will submit a written statement on policy but will not take part in the vote. Markets widely expect the BOJ to raise interest rates next week as inflation pressure builds.