Shinzo Abe infamously talked of three arrows: fiscal stimulus, structural reforms and monetary easing.
Japan's manufacturing activity contracted in March as new export orders shrank sharply, a preliminary business survey showed on Tuesday.
David Sokulsky from UBS Wealth Management Australia explains that Japanese stocks are not indifferent to the risk-on rally across global markets.
The Bank of Thailand faces a tough policy decision, while SKorea will release Q4 GDP and Japan offers up inflation data in a short week.
Asian markets traded mostly higher Friday, after oil prices hit their highest levels for this year. But a stronger yen weighed Japan's shares.
Chris Watling, CEO of Longview Economics, says central banks have been surprising positively and extending the relief rally to make it stronger.
BOJ staff made two proposals; one to expand its asset-buying program and another to add negative interest rates to asset purchases.
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.