MACRO & POLICY
BOJ Governor Ueda Discharged from Hospital, Back to Duty on the 23rd
# BOJ# Governor Ueda# monetary policy
Key Points
- BOJ Governor Ueda, hospitalized for an infection, was discharged on the 19th
- He is set to resume official duties from the 23rd next week
- Markets watch his health for any impact on policy operations
Analysis
The BOJ said Governor Ueda, hospitalized for an infection, was discharged on the 19th and will resume duties from the 23rd. With the yen weak and markets fixated on the hike path, the central bank chief's health is itself a watched variable; a clear timeline helps dispel worries of policy disruption. The reminder for investors: even the governor's schedule can sway sentiment, but rate differentials and hike size still drive the yen.