Minutes show BOJ waited to monitor markets

Minutes released on Thursday 20 July showed the Bank of Japan put off raising interest rates from zero at a board meeting in June because it wanted to monitor factors such as global markets and the U.S. economy.

The minutes showed that at the preceding meeting on June 14-15 the nine-member board voted unanimously to maintain rates at zero, though one member argued that conditions for a rate increase were already in place.

"With regard to the effects of developments in stock prices on the future