BOJ board debated need to keep raising rates, December meeting summary shows

Bank of Japan policymakers debated the need to continue raising interest rates with some calling for "timely" action to curb future inflationary pressure, a summary of opinions at their policy meeting in December showed on Monday.At the December 18-19 meeting, the BOJ raised its policy rate to a 30-year high of 0.75% from 0.5%, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.