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Finance

MUFG asset manager to charge ultralow fee amid pension woes

Japan institutions cut fund commissions to attract long-term investors

Japan's financial institutions are bracing for the impact of the aging population. (Photo by Ken Kobayashi)

TOKYO -- Mitsubishi UFJ Kokusai Asset Management will set what it says is the lowest commission fee for a diversified exchange-traded fund linked to a key MSCI index, as Japanese investment trust providers scurry to offset a creaking public pension system.

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