The bank, however, remained cautious about the exodus out of the deflationary cycle.
Its policy board voted unanimously to leave its stimulus monetary policy unchanged after a two-day scheduled meeting.
The BoJ has been fighting deflation and supporting Japan's export-led recovery by securing ample supplies in the short-term money market, repeatedly saying it will continue to take all possible action to ensure a sustained recovery despite bright prospects.
"The Bank of Japan will conduct money market operations, aiming at the outstanding balance of current accounts held at the bank at around 30 to 35 trillion yen (US$282 to US$329 billion)," the bank said.
It was the fourth time in a row the BoJ has left its monetary policy unchanged. The bank last increased the upper limit of market operations on Jan. 20 as part of easy credit policy.
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