Bloomberg While the Bank of Japan resolutely maintains its 2 percent inflation target, Credit Suisse Group AG says that’s an unrealistic goal. The Japanese economy is enjoying a cyclical recovery, benefiting from a pick up in global demand, but nothing suggests structural change, said Hiromichi Shirakawa, chief Japan economist at Credit Suisse and a former BOJ official. “It’s difficult for ...

Bloomberg India took another step towards cleaning up a banking system riddled with bad loans, with the government seeking parliamentary approval to issue about 800 billion rupees ($12.6 billion) of bonds to fund capital injections into state lenders. Prime Minister Narendra Modi’s administration expe-cts to sell the first of its recapitalisation bonds before the fiscal year ends March 31, as ...

Bloomberg Federal Reserve Bank of St. Louis President James Bullard said President Donald Trump’s $1.5 trillion tax overhaul may spur investment and US economic growth, though policy makers can “wait and see” if that warrants higher interest rates because inflation is low. “There is some possibility this could light a fire under investment and really drive growth higher,” Bullard, a ...