Pimco Says Japan Remains ‘Clean Dirty Shirt’ on Current-Account

Tomoya Masanao, head of portfolio management for Japan at Pacific Investment Management Co., which runs the world’s biggest bond fund, comments on the outlook for Japan’s government bond market and current-account balance. He spoke in an interview in Tokyo on Jan. 31.

Japan’s current-account surplus narrowed for a ninth month in November, falling 86 percent from a year earlier to 138.5 billion yen ($1.8 billion). The Finance Ministry is scheduled to release figures for December on Feb. 8.