PIMCO Rehires Spence, Banet to Rebuild After Gross Departure
PIMCO has named Nobel laureate Michael Spence as consultant and rehired money manager Jeremie Banet as executive vice president.
Shrinking Exports Drive Japan to Trade Deficit
Japan said that it experienced a trade deficit that was wider than expected, after demand from Europe and China both fell. It is the ninth trade deficit for Japan in 12 months.
Japan's Finance Minister Expected to Become Prime Minister
Yoshihiko Noda, finance minister of Japan, won his party’s election on Monday to head Japan’s ruling party.