The BOJ issued its decision to keep the benchmark rate at their low levels at 0.1% which came inline with the expectations, also BOJ announced it will offer 3 trillion yen ($33 billion) in a new credit program that will extend loans to companies for as long as four years in an effort to strengthen the economic recovery.

Moreover, monetary policy makers indicated that the Japanese economy showing signs of picking up, supported by exports, as well as a recovery in capital spending by Japanese companies, but the debt European crisis a pressure on the economy, which a negatively affected on the demand form the European region.