As expected, the Bank of Japan has left its key interest rate at 0.1% and maintained its program of expanding the monetary base by ¥60-70T a year.
The BOJ upgraded its assessment of industrial output and investment but cut its analysis for exports.
In a related development, Japanese machine tool orders, a leading indicator of capex, climbed 26% on year in February, although that was down from +40.3% in January.
The bank's latest policy decision comes ahead of a rise in sales tax next month that is expected to drag on the economy.
The Nikkei is +0.7%, while the USD-JPY is flat at ¥103.31. (BOJ Statement)