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Japan's Fiscal CrisisThe Ministry of Finance and the Politics of Public Spending, 1975-2000$
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Maurice Wright

Print publication date: 2002

Print ISBN-13: 9780199250530

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199250530.001.0001

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(p.1) 1 Introduction
Japan's Fiscal Crisis

Maurice Wright

Oxford University Press

This book investigates the fiscal crisis being experienced by Japan, focusing on the Ministry of Finance (MOF) and its central budgetary system in the last quarter of the 20th century. It examines the MOF's functions and roles, as well as its relationships with the Spending Ministries and Agencies and the Liberal Democratic Party, in the performance of the core activity of government—deciding how much to spend and on what. It shows how budgets were made, and by whom, situated within the historical contexts of the evolution and development of the economy, the polity, and the administration. It deals mainly with the two central government budgets: the General Account Budget, and the Fiscal Investment and Loan Programme (FILP), the so-called ‘second budget’. Its main concern is with the processes that determined the amount and distribution of public spending, and with the consequential budget deficits and debts to which they gave rise. The book focuses on the pre-Diet stages of budget planning, formulation, and allocation.

Keywords:   fiscal crisis, Ministry of Finance, budgets, Liberal Democratic Party, public spending, budget deficits, Spending Ministries and Agencies, central budgetary system

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