Nidec Scandal Sends Bonds to Bottom in Test for New President

Scandal-tainted Nidec Corp., which grew from a Kyoto startup into the world’s largest manufacturer of precision motors, has fallen to the bottom rank of the yen debt market by one...

By Takahiko Hyuga · Bloomberg Markets

Scandal-tainted Nidec Corp., which grew from a Kyoto startup into the world’s largest manufacturer of precision motors, has fallen to the bottom rank of the yen debt market by one measure, leaving its new president with a challenge to restore investor confidence.