BOJ's Ueda: Will make changes to monetary policy as needed during review period

• Policy review period is set to one to one-and-a-half years
• But that does not mean there will be no policy change during that time
• Review is not aimed at conducting specific policy measures
• No idea what kind of policy the review may lead to

He's trying to walk things back after markets interpreted the initial headline from the policy decision as being that the BOJ will not bring about any major policy changes during the review period. I mean, if you're going to announce such a thing, at least make it clear from the beginning. The messy communication won't give markets much confidence in understanding what they are doing surely.

/JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term