Analyst: Although Hideo Ueda was absent from the June meeting due to illness, the policy impact may not be significant.
The latest statement from the Bank of Japan indicates that Governor Haruhiko Kuroda will be absent from the meeting on June 15-16 as he is hospitalized for treatment. In his absence, Deputy Governor Masayoshi Amamiya will preside over the meeting, and Deputy Governor Masayuki Ueda will take on the responsibility of holding the press conference. Analyst Justin Low from Investinglive believes that this will not have any impact on the Bank of Japan's interest rate decision. The market generally expects that they will still raise the policy interest rate by 25 basis points to 1%. The only question now is whether Masayuki Ueda will intervene to signal a more hawkish stance as a follow-up to this decision. If not, the yen exchange rate may still face pressure, which could prompt the Japanese Ministry of Finance to take action to intervene.
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