Bloomberg Prime Minister Narendra Modi’s government is set to dramatically reshape Asia’s third-largest economy with the biggest tax reform since independence in 1947. After finding common ground among India’s 29 states, the finance ministry released detailed rates for the incoming goods and services tax, slotting more than 1,200 items — from sugar to steel pipes and motorcycles — into five …

Bloomberg Japanese exports expanded for a fifth consecutive month in April, with shipments to China surging as global demand continued to support the nation’s economic recovery. Exports rose 7.5 percent from a year earlier (median estimate +8.0 percent), according to data released by the Ministry of Finance. Imports jumped 15.1 percent (median estimate +14.8 percent). The trade surplus was 481.7 …

Bloomberg Indonesia’s 10-year bond climbs as S&P Global Ratings’ upgrade on the nation fans speculation that inflows of global funds will increase. Foreign inflows to Indonesian bonds totaled $6.32 billion this year through, 42 percent more than from January to the end of May 2016. Goldman Sachs Group Inc. forecast in March that an upgrade could help attract as much …