• Kyodo, JIJI

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The government effectively withdrew Tuesday a recent report that casts doubt on the ability of the public pension system to sustain people’s livelihoods in the face of a rapidly aging society, in an apparent bid to assuage voter concerns ahead of a national election.

Finance Minister Taro Aso, who is also responsible for the Financial Services Agency, indicated he would not accept the report by an agency panel, saying its premise “has caused extreme worries and misunderstanding and runs counter to the government’s existing policy.”

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