The Bank of Japan released its minutes concerning the meeting September 16 and 17 when the bank decided to keep interest rates unchanged at 0.10%. The bank said that the economy is showing signs of recovery as public investments are increasing along with rising exports and production.

On the other hand, the bank said that business fixed investment continued to decline reflecting weak corporate profits, while private consumption is generally weak. The bank added that financial conditions advanced along with recovery witnessed in other major economies, while the drop in yearly consumer prices accelerated.