(Bloomberg) -- Japan must make its $1.19 trillion public pension fund independent of bureaucrats without delay so it can boost returns, the ruling Liberal Democratic Party said.

Lawmakers should pass a bill to give the Government Pension Investment Fund autonomy from the health ministry in the current parliamentary session and not wait until after the ministry completes a pension-fund review later this year, said Yasuhisa Shiozaki, the LDP’s deputy policy chief. The Diet sits from today through June 22.

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