BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting

Ueda says that they will start the process immediately after the decision at the next meeting

The size of cut in bond purchases is to be substantial
The specific amount will be decided after listening to input from market participants
Decided to put off tapering until next meeting to have discussion with market participants

This is taking the wind out of the sails in USD/JPY a fair bit, with the pair now down to 157.80 from around 158.15 when Ueda began speaking.