Kuroda said the world's third-largest economy was emerging from a severe downturn caused by the pandemic and was likely headed for a moderate recovery.
He also reiterated the BOJ's resolve to work closely with the government in battling headwinds to Japan's recovery such as the fallout from US-China tensions and protectionism.
The Bank of Japan stuck to its view that the world's third-largest economy will gradually recover as the pandemic subsides in the latter half of the year, suggesting it has taken enough steps for now.
Armed with a raft of loan programmes aimed at prodding commercial banks to boost lending to cash-strapped firms, the Bank of Japan is expected to keep expanding its balance sheet to ease the fallout from the health crisis.
Benchmark 10-year JGB futures fell 0.03 point to 152.17, with a trading volume of 13,661 lots, while in the cash bond market, the 10-year JGB yield rose half a basis point to 0.005pc.