The monetary policy of the BOJ decided to keep the benchmark interest rate at their lowest level at 0.10% after the meeting of the bank, while the anticipations came inline with actual reading.

Moreover, the central bank of Japan also raised its growth forecast for this fiscal year through March 2011. It now predicts real gross domestic product will expand 2.6%, which rose from a previous expectation of 1.8%.

The BOJ's decision is following the Japanese economy that showing a positive signs of a moderate recovery while the exports and the production increased due to high growth in emerging economies and increased global demand for IT-related goods.