HomeAsiaBank of Japan governor Ueda hospitalised, will miss June meeting

Bank of Japan governor Ueda hospitalised, will miss June meeting

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TOKYO, June ‌10 (Reuters) - Bank of Japan Governor Kazuo ​Ueda has been hospitalised for medical treatment and ⁠will miss the June 15-16 policy meeting, the central bank said on Wednesday.

Deputy Governor ​Ryozo Himino will preside over the rate review ‌in place of Ueda, and the other deputy governor, Shinichi Uchida, is set to host ⁠the post-meeting press conference, the ⁠BOJ said in a statement.

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 July 30 to ‌31 policy meeting, 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 Governor Uchida had ​been discharged from ‌hospital after recovering from leukaemia treatment.

(Reporting by Kantaro ⁠Komiya, Leika Kihara ​and Anton Bridge; Editing by Andrew Heavens ​and Tomasz Janowski)

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