The latest policy change that has raised questions about attempts to revive the deflation-plagued economy.
Yutaka Harada said he saw no need to ease policy at the central bank's next rate review
The Japanese central bank sees as an obstacle to stoking inflation and economic growth
Will continue to buy long-term government bonds at a pace so that the balance of its holdings increases by 80 trillion yen
It maintained the 0.1 per cent negative interest rate it applies to some of the excess reserves parked with the central bank
If the BOJ decides to shake up its policy stance, one avenue would be to be less aggressive in purchasing longer-dated assets
Challenge for the BOJ will be how to back away from Quantitative and Qualitative Easing without scaring investors into a stampede out of bonds
This week, much attention will focus on the Open Market Committee of the US Federal Reserve, the most powerful central bank in the world, whose actions have global impact. Yet the most informative, and intriguing, policy decision could take place in Tokyo. And the outcome will not only tell us more about Japan's daunting challenges, but could also signal more clearly what lies ahead for other central banks that continue to operate within an unbalanced macro-economic policy mix. It is now widely recognised that, for most of the period since the global financial crisis, an enormous and excessive burden has been placed on central banks. Long used to playing a complimentary, albeit critical role, in policies, and mostly behind the scenes, they have taken such a dominant and visible role that they have become "the only game in town."In the process, these monetary institutions became increasingly committed to experimental measures, from negative interest rates in Europe and Japan, to outsize
The challenge for the BOJ will be how to back away from QQE without scaring investors into a stampede out of government bonds
Says BoJ's negative rate policy has not reached its limits
There is some concern about Bank of Japan Governor Haruhiko Kuroda's monetary easing policy
The debate underscores the challenges the central bank face as it attempts to address stagnant price growth and entrenched economic weakness with a dwindling set of policy tools
A dollar-lending facility was also expanded, the BoJ said in a statement in Tokyo on Friday
Bank of Japan's move is also yielding pressure from government and financial markets to act towards attaining 2% inflation target
The BOJ earlier held its key interest rate at minus 0.1% and kept the annual target for expanding the monetary base at 80 trillion yen ($764 bn)
BOJ's current accounts have ballooned five times since BOJ Governor Haruhiko Kuroda began his plan to buy JGBs
Rates left unchanged at negative value
Central bank carefully watching market developments, says Governor Haruhiko Kuroda