The Bank of Japan on Thursday kept its monetary policy unchanged and repeated its view that the economy is in recovery-mode.
Aggressive monetary stimulus from the BOJ, unveiled in April, has helped push the yen lower and boost economic growth in the world's third biggest economy.
Data on Wednesday, for instance, showed that Japanese exports grew a stronger-than-expected 18.6 percent in October from a year before.
(Read more: More signs of Japan rebound: Exports soar)
"The BOJ meeting – no surprises there and no surprises were expected," Ed Rogers, CEO of Rogers Investment Advisors, told