Mitsui Sumitomo Nikko Securities economist Yoshimasa Maruyama said any notable impact from UEDA missing next week's meeting is likely to be confined to the post-meeting press conference. Investors have tended to view UEDA's remarks as slightly more dovish than the Outlook report or Summary of Opinions; if Deputy Governor Uchida adopts a more neutral tone at the press conference, markets could interpret that as a hawkish signal. UEDA is expected to return in July, so Maruyama said a temporary cha

Mitsui Sumitomo Nikko Securities economist Yoshimasa Maruyama said any notable impact from UEDA missing next week's meeting is likely to be confined to the post-meeting press conference. Investors have tended to view UEDA's remarks as slightly more dovish than the Outlook report or Summary of Opinions; if Deputy Governor Uchida adopts a more neutral tone at the press conference, markets could interpret that as a hawkish signal. UEDA is expected to return in July, so Maruyama said a temporary change in wording should not be read as a shift in policy direction.