TOKYO, Dec 19 (Reuters) – The Bank of Japan raised interest rates on Friday to levels unseen in three decades, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.
As widely expected, the central bank raised short-term interest rates to 0.75% from 0.5% by a unanimous vote.
BOJ Governor Kazuo Ueda will hold a news conference to explain the decision at 3:30 p.m. (0630 GMT).
(Reporting by Leika Kihara, Makiko Yamazaki, Satoshi Sugiyama and Kantaro KomiyaEditing by Chang-Ran Kim)
