Given Pakistan’s history of coups, political dysfunction and high-level graft, the Supreme Court’s decision to oust Nawaz Sharif as prime minister for lying about his allegedly ill-gotten wealth would seem a victory for transparency and the rule of law. In fact, the verdict raises as many questions as it answers. Sharif resigned on Friday when the court disqualified him from …

When the Great Recession hit, China didn’t hesitate to open up the fiscal taps. But the fast-developing country also embraced another form of stimulus that was a bit different from what John Maynard Keynes had recommended — it encouraged its banks to start lending a lot more. They lent money to corporations, local governments and a variety of private actors. …

Nomura Holdings Inc. turned in laudable first-quarter results Friday, but Japan’s largest brokerage needs to keep its eye on the overseas ball. Cost cutting and a revival in domestic retail broking helped Nomura offset the fixed-income trading slump that’s beset Wall Street rivals and local peer Daiwa Securities Group Inc. Buoyant results at home don’t mean Nomura can forget about …