The MSCI Asia Pacific Index fell 0.5 per cent to 128.10 as of 9:08 am in Tokyo, heading for the lowest close in a week. US shares retreated on Wednesday as Federal Reserve Bank of St Louis President James Bullard joined a chorus of US policy makers floating the prospect of an interest-rate hike as soon as April should the economic data warrant it.
"Fed officials this week reminded the market that they still want to move forward with the rate hikes," Mark Lister, head of private wealth research at Craigs Investment Partners in Wellington, which manages about US$7.2 billion, said by phone.
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