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.
23 Mar 2012
- From the section Business