Asia markets trade higher as Japan’s inflation nears 8-year high; China keeps benchmark lending rate unchanged

MSCI’s broadest index of Asia-Pacific shares gained 1.13% on Tuesday. Core inflation in Japan increased 2.8% from a year ago, the fastest rate of increase since late 2014. China’s loan prime rate was left unchanged Tuesday, in line with predictions in a Reuters poll. China kept its one-year and five-year loan prime rates (LPR) unchanged. Australia’s central bank says the argument for slower rate hikes is strengthening, minutes from its Sept. 6 meeting.

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