Bank of Japan announced its rate decision, where the BOJ maintained the interest rate unchanged at 0.00% and 0.10%, along with keeping the credit program at 35 billion yen.

Also, the Bank of Japan said that the European debt crisis may weaken the global economy, and cuts its forecast for the nation's growth in 2012, yet it expects that the economy will return to recover slowly.

On the other hand, the BoJ forecasted that the nation's GDP for 2012 may rise to 2.0% and in 2013 expects that the nation's GDP will grow by 1.6% compared to its previous forecast by 1.5%.