Bank of Japan Gov. Kazuo Ueda was discharged from the hospital Friday and plans to return to work on Tuesday, according to the BOJ.
¡°The Governor was discharged from the hospital today and is scheduled to return to work on the 23rd,¡± the BOJ said in a statement Friday. ¡°For approximately the next two weeks, he is expected to continue carrying out his official duties while undergoing outpatient treatment.¡±
Ueda, 74, was hospitalized on June 9 for treatment of a liver cyst infection and didn¡¯t attend a policy meeting earlier this week. He was expected to stay in the hospital for two weeks.
During Ueda¡¯s absence, the policy board raised the benchmark interest rate to 1%, the highest since 1995. That move continued the process of normalizing policy settings that the governor began in March 2024, when he ended the world¡¯s last negative-rate regime.
Deputy Gov. Ryozo Himino presided over the board at the June 16 meeting, while deputy Shinichi Uchida conducted the post-decision news briefing.
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