Synonyms
Block grants; Budget; Categorical grants; Tax
Definition
The Japanese local finance system is designed to establish guarantees and equalization for local governments.
Introduction
One of the objectives of this paper is to explore the local finance system in Japan. The Local Autonomy Law prescribes that each local government shall perform inherent community affairs, while it will also enable to provide different services developed by its own or those approved of by cabinet order or other laws. The area of local governments’ activities is extensive and they have played a significant role in civil service. Therefore, Japanese local expenditure has been basically larger than that of the central government since FY 1953. Such significant functions by the local governments are supported by their finance system.
Framework of local finance system includes trends, division of responsibilities, and finance program. Japan has a two-tier system of local government that consists of...
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References
Ikawa H (2007) Recent local financial system reform (Trinity Reform). Council of Local Authorities for International Relations, Tokyo
Kaizuka K, Kruger AO (2006) Tackling Japan’s fiscal challenges. International Monetary Fund, New York
Kawato Y (2010) The new system for promoting soundness in local finance in Japan. Council of Local Authorities for International Relations, Tokyo
Mochida N (2008) Fiscal decentralization and local public finance in Japan. Routledge, Oxford
Steiner K (1965) Local government in Japan. Stanford University Press, Stanford
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Kimura, S. (2022). Local Finance in Japan. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-66252-3_3788
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DOI: https://doi.org/10.1007/978-3-030-66252-3_3788
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Publisher Name: Springer, Cham
Print ISBN: 978-3-030-66251-6
Online ISBN: 978-3-030-66252-3
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