Deputy Governor Uchida will stand in for hospitalized Governor Ueda to explain the Bank of Japan’s latest decisions and future policy direction; markets will watch Uchida for clues on the rate-hike path and BOJ bond-buying. He faces a delicate balancing act: signal enough resolve to avoid a sharp yen sell-off while taking into account Prime Minister Takaichi Sanae’s tilt toward more supportive monetary policy. Some economists warn that any notable departure from Ueda’s stance could unsettle mark

Deputy Governor Uchida will stand in for hospitalized Governor Ueda to explain the Bank of Japan’s latest decisions and future policy direction; markets will watch Uchida for clues on the rate-hike path and BOJ bond-buying. He faces a delicate balancing act: signal enough resolve to avoid a sharp yen sell-off while taking into account Prime Minister Takaichi Sanae’s tilt toward more supportive monetary policy. Some economists warn that any notable departure from Ueda’s stance could unsettle markets. Daiwa Research’s chief economist expects Uchida to draw on his implementation experience to deliver a carefully considered explanation, particularly on the normalization process.