The news comes as Prime Minister Shinzo Abe fends off accusations that his administration tried to delay the official release of the fund’s results until after parliamentary elections next week.
An official at the health ministry, which oversees the Government Pension Investment Fund (GPIF), the world’s biggest, confirmed it is on track to report a whopping 5.0 trillion yen ($49 billion) shortfall for the fiscal year that ended in March.
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