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Asia-Pacific trades higher amid inflation talks

Major stock markets in the Asia-Pacific region traded higher on Wednesday after Bank of Japan (BoJ) Governor Haruhiko Kuroda noted a gradual stabilization of that country's economy. He added the institution he is leading is prepared to implement necessary measures to prevent a further rise in inflation if necessary. Meanwhile, China reported its inflation observed a decline in December. Earlier, United States Federal Reserve Chair Jerome Powell said that the central bank will raise interest rates if needed to halt further growth of inflation.