The Bank of Japan Policy Board began a two-day meeting Thursday amid signs of an export-fueled economic recovery.

Despite jitters over the yen's rise and recent falls in share prices, the central bank is likely to leave its ultra-easy monetary policy intact and continue injecting cash into the financial system, analysts said.

Recent stock-price fragility -- which drove the benchmark Nikkei average below the 10,000 line this week for the first time in three months -- has not been serious enough to prompt the Policy Board to ease the central bank's credit grip further, the analysts said.