The Bank of Japan (BOJ) announced on Wednesday that Governor Kazuo Ueda has been hospitalized for treatment of a liver cyst infection. As a result, he will be unable to attend the monetary policy meeting scheduled for next week.
The announcement was made in an official BOJ statement, raising concerns about the central bank's ability to steer key decisions in the coming period. The monetary policy meeting is a regular event where policymakers discuss and decide on interest rates and other macroeconomic measures.
No further details have been released regarding Mr. Ueda's condition or the expected duration of his treatment. The BOJ has not yet announced who will replace him at next week's meeting.
