The dollar has fallen 2 percent against a basket of currencies since the Fed's decision.
Japan will focus on fiscal policies, such as cash transfers to pensioners and increases in childcare support allowances, to stimulate consumer demand, says Jesper Koll, chief executive of WisdomTree Japan KK.
The dollar fell sharply against major currencies after the Federal Reserve kept interest rates.
Asia markets were mixed Wednesday, following a weaker finish on Wall Street overnight as traders await the U.S. Federal Reserve decision due later.
The Bank of Japan decides to hold on implementing further stimulus for the Japanese economy.
The Bank of Japan will not introduce new stimulus measures and warns of inflation expectations and a negative view of the country's economy, reports CNBC's Akiko Fujita.
CNBC's anchors discuss the latest economic data from Japan after the country's central bank decided to hold policy steady.
Steven Englander, Managing Director Global Head of G10 FX Strategy at Citi, discusses trading the yen following the Bank of Japan's March policy review.
Martin Schulz from Fujitsu Research Institute says the BOJ is likely to use a mix of other policies because negative rates are unpopular in Japan.
BOJ did not need to move as the dollar/yen was relatively stable and it has several policy tools left, says Tomo Kinoshita from Nomura Securities.
BOJ is struggling with dollar weakness and global banking issues affecting Japanese financials and equities, says SEB's Sean Yokota.
The BOJ will likely highlight that it will wait and see how things pan out, says Ed Rogers of Rogers Investment Advisors.
Central banks are hoping negative rates will boost lending, but the policies may have an unintended effect, according to BlackRock.
Things have not gone as Kuroda expected following the BOJ's negative rates policy, says Eisuke Sakakibara, professor at Aoyama Gakuin University.
Former Japanese prime minister Naoto Kan says policies aimed at raising the income of Japan's lower-income class will help boost consumption.
Michael Sarpi from Compass Global Markets says in the longer term, it's a combination of other factors that will boost Japan's economy.
Gordon Charlop, CNBC Markets Analyst at Rosenblatt Securities Managing Director, talks about what to watch in the last half hour of trading.
Investors will be keeping a close eye on three central banks this week: Bank of Japan, U.S. Federal Reserve and the Bank of England. CNBC’s Nancy Hulgrave discusses.
The Bank of Japan's policy board is set to discuss whether to exempt $90 billion in short-term funds, people familiar with the matter said.
Societe Generale's Xavier Denis says it is likely that the BOJ will stay on hold and await news from the Fed.