The Bank of Japan released minutes from the BoJ's meeting on July 14 and 15. The central bank said:

• The country's economic recovery remains on track;
  
• The central bank decided to leave its monetary policy unchanged;
  
• Inflation, excluding fresh food, is expected to be at 1.9% in the fiscal 2015;
  
• Some members said upward pressure on prices would increase further as the output gap improves and as inflation expectations climb;
  
• Some members expressed a recovery in exports had been delayed;
  
• The BoJ will continue with the quantitative and qualitative monetary easing, aiming to achieve the inflation target of 2%.