The Bank of Japan (BoJ) released minutes of its October board meeting. The BoJ said that Japan's exports weakened.

The central bank pointed out that "private consumption remained resilient as a trend".

Industrial production has shown some weakness, so the BoJ.

The BoJ said that "financial conditions were accommodative".

Japan's central bank added that inflation expectations seems "to be rising on the whole".

A few BoJ board members warned the core consumer price index temporarily may decline below 1.0%, depending on developments in energy prices.

The Bank (BoJ) decided in October to increase its monetary base target to an annual increase of ¥80 trillion, up from ¥60-70 trillion, and to boost exchange-traded fund purchases to ¥3 trillion. This decision was not expected by analysts.