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The new Ministry of Health, Labor and Welfare to be created in January will share responsibility along with the new pension fund administration in handling the nation’s 144 trillion yen public pension fund, ministry officials said.

Officials of the Health and Welfare Ministry outlined the new ministry’s oversight responsibility as the government prepares to transfer the management of the pension fund for public and private-sector employees from the Finance Ministry to the new ministry, to be created through a merger of the present health and labor ministries.

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