The logo of AIJ Investment Advisors Co is reflected in an eye.
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Business Bites: financial losses in Japanese pensions

Japan's financial regulator says fund manager AIJ is unable to account for most of the 185.3bn yen(£1.4bn) in pension money it was managing.

Investigators raided the offices of AIJ - which managed pensions for more than 100 companies - earlier today. They say the company hid massive losses on derivative trading over the past decade.

The BBC's Aaron Heslehurst discusses the key financial story of the day.