The BOJ released the minutes of the October 13 and 14 meeting when the bank decided to keep interest rates at its low record of 0.10%. The bank said that the economy started to pick up and public investment is increasing along with improving exports and production.

The bank said that the decline in business fixed investment that came along with weak corporate profits is moderating, while private consumption remains generally weak. The BOJ board members said that ending the emergency program doesn't means that the BOJ will raise interest rates from its low record.