Fiscal Decentralization and Local Public Finance in Japan

Fiscal Decentralization and Local Public Finance in Japan
Author: Nobuki Mochida
Publisher: Routledge
Total Pages: 232
Release: 2008-06-26
Genre: Business & Economics
ISBN: 1134074034

This book is suitable for all those who want to understand the role and performance of Japan's central and local fiscal relations as an integral part of resource allocation, stabilization and redistribution function of the public sector since the post bubble economy.

Growing Problems in the Local Public Finance System of Japan

Growing Problems in the Local Public Finance System of Japan
Author: Sayuri Shirai
Publisher:
Total Pages:
Release: 2010
Genre:
ISBN:

The current system of local public finance evolved in the aftermath of World War II, and there is an increasingly prevalent view that the system is no longer functional. Under it, the central government has been responsible for monitoring local governments and assuring them of the finance for their shortage of revenue mainly through providing intergovernmental transfers. When the gap between local tax revenue and expenditure widened in the recessionary period of the 1990s, intergovernmental transfers expanded. These transfers have especially served local governments whose own resources were limited owing to geographically and economically unfavorable conditions. As it has become increasingly difficult to finance the growing gap solely by transfers, the central government has also allowed local governments to actively issue bonds and has supported such issues with guarantees, uniform issuing conditions, and secured finance from public funds. It is increasingly recognized that this system has induced local governments to spend excessively and unproductively, rather than encouraging them to voluntarily rationalize. This article identifies three types of dilemmas that stem from the present system and discusses recent reform efforts as well as the challenges presently faced by local governments.

Japan's Public Sector

Japan's Public Sector
Author: Tokue Shibata
Publisher:
Total Pages: 232
Release: 1993
Genre: Finance, Public
ISBN:

An outline of how the Japanese finance of their public sector. Contributors provide details on financial administration, budget formation, taxation, and disbursement of revenue and discuss policy issues and conflict. Also examined are taxation and spending, relations between the central and local governments, and the expansion of social welfare issues.

Case Study of Central and Local Government Finance in Japan

Case Study of Central and Local Government Finance in Japan
Author: Shun-ichiro Bessho
Publisher:
Total Pages: 26
Release: 2017
Genre:
ISBN:

This paper aims to provide an overview of the basics of Japan's local public administration and finance system and to analyze how Japan's municipalities restore their fiscal balance after a fiscal shock. In Japan, local governments play a major role in redistribution. Combined with regional disparities in tax capacities and an inflexible local tax system, there is a large vertical fiscal gap in Japan between the central and local governments -- a gap that necessitates the transfer of funds from central to local governments. Under this system, the fiscal adjustments in Japan's municipalities occur mainly via changes in government investment, and they account for 63%-95% of adjustments in permanent unit innovations in grants and own-source revenue. In contrast to the role of expenditure, the municipalities' own-source revenue plays a limited role in balancing the local budget. The results of this study also reveal that 40% of the increase in own-source revenue is offset by a reduction in grants. Furthermore, municipalities can induce grants by expanding government current expenditure. Finally, this study offers and discusses some policy implications.

Local Finance in Japan in Relation to Imperial Finance (Classic Reprint)

Local Finance in Japan in Relation to Imperial Finance (Classic Reprint)
Author: Bunshiro Hattori
Publisher: Forgotten Books
Total Pages: 104
Release: 2017-11-25
Genre: Reference
ISBN: 9780331936711

Excerpt from Local Finance in Japan in Relation to Imperial Finance Being far away from my fatherland, I found it naturally very hard to get sufficient information and to collect materials, which are specially scarce and incomplete, for local finance. It seems to me, however, that the study of local finance is of prime importance, and it is very desirable to put it on a sound basis, for the tendency1 of all modern countries is to increase the expenditure of local governments. This may, unless carefully administered, lead to financial trouble. This study in Japan has not received much attention from scholars or men of affairs until recently. This paper may be the first of the sort. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.