The Bank of Japan has left its key rates unchanged at 0.1% for the eleventh consecutive meeting which was widely expected in the market. Rates have been kept near zero since last October and the Bank since then has indulged in asset purchases to increase liquidity and help sustain the market from the worst financial crisis since the Great Depression.

The bank also upgraded its assessment for the economy eyeing recovery due to the provided stimulus measures. This improvement came amid improvement in industrial production and exports due to the signs of stability that the global economy is witnessing especially in the Asian region led by the Chinese economy.