Kazuo Ueda

A BOJ board member will take his place

All 52 economists surveyed by Bloomberg forecast the BOJ will hold its benchmark rate steady

The timing and pace of those adjustments will depend on the impact of the war in Iran, among other factors

The central bank has made it clear that it plans to keep raising the policy rate in response to economy, inflation and financial conditions

Ueda is expected to miss the BOJ’s meeting and will refrain from casting a vote

Ueda will attend the next July 30-31 policy meeting

So long as the Middle East turmoil calms and inflation reaches 2%, the central bank will raise rates, he says

[TOKYO] Bank of Japan Governor Kazuo Ueda said on Friday he had agreed to communicate closely with Prime Minister Sanae Takaichi on monetary policy, but added the two did not discuss the possibility of a June interest rate hike.

The US Federal Reserve and European Central Bank also meet this week and are widely expected to stand pat