The Bank of Japan released the minutes of its meeting in April 6-7, when monetary policy makers decided to keep interest rates steady at 0.10%. The BOJ board members expressed their fears about sovereign debt around the world as it may affect stability in financial markets.

However, monetary policy makers said risks such as the fiscal deficit problem in European countries and the continuing balance sheet adjustments in the banking sector, might slow the pace of recovery in the region, worth mentioning that the BOJ pumped 2 trillion yen into the financial system last week to support the financial market.