Mr. Shirakawa, governor of the Bank of Japan and his board, decided to keep the benchmark interest rate to virtually zero a range of 0.0% to 0.10%, after the meeting of the bank, while this decision came compatible with anticipations which noted that.

On the other hand, the leaders of BOJ decided to expand the amount of asset-purchase fund by 5 trillion yen (120 billion American dollars) along with increasing the credit-loan program unchanged by 5 trillion yen to encourage the banks lending.

Moreover, the Bank of Japan noted that the economic recover is in a moderated phase at the time amid the sluggish global economy, while the economy is facing a downward pressure during the first half after the March quake that caused to halt the production cycle, hurt the nation's exports, the main pillars for economic recovery in Japan.