Bloomberg The Bank of Japan should stop being obsessed with its 2 percent inflation target given prices and interest rates around the world remain subdued, says the former currency chief at the Ministry of Finance. The world’s third-largest economy has recovered enough for the central bank to scale back stimulus policy to give itself some room to maneuver should conditions ...

Bloomberg K. Balasubramanian, group head for corporate banking at HDFC Bank Ltd., is leaving India’s most valuable bank to return to his previous employer Citigroup Inc., according to people familiar with the matter. Balasubramanian, 46, will join the corporate banking team as a Mumbai-based managing director for the New York-based lender, the people said. Representatives for both banks declined to ...

Bloomberg A planned shake up of Australia’s consumer price index could result in a significant paring of inflation expectations. Westpac Banking Corp. economist Justin Smirk has run the numbers on how the statistics bureau could revise its inflation basket to bring it up to speed with the latest spending patterns and technological changes. Lower core inflation could keep benchmark rates ...