Fiscal Decentralization and Local Public Finance in Japan: 1st Edition (Paperback) book cover

Fiscal Decentralization and Local Public Finance in Japan

1st Edition

By Nobuki Mochida

Routledge

240 pages | 18 B/W Illus.

Purchasing Options:$ = USD
Paperback: 9781138974333
pub: 2016-02-28
$49.95
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Hardback: 9780415437462
pub: 2008-06-26
$165.00
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Description

The intergovernmental fiscal issue is highly relevant given the worldwide movement toward more decentralized governance in both industrial and developing countries. Over the course of five decades Japan has developed a robust system of decentralized governance. This book investigates fiscal decentralization and local finance in Japan with a view to understanding how the process of decentralization has unfolded there and what the rest of the world can learn.

The author sheds light on the drives leading up to a need for decentralization reform over the last decade and evaluates so-called ‘Trinity Reform’ implemented by the Koizumi administration during 2004-2006. Finally, the book considers the decentralization process in Asian developing countries and discusses what lessons might be drawn from Japanese experiences.

This excellent study of an important subject area will be particularly useful for all those studying intergovernmental fiscal relations, public finance and public sector economics. It will also be of interest to specialist international organizations and policy makers who are involved in intergovernmental issues.

Table of Contents

Introduction 1. Historical Back Drop 2. Division of Function 3. Tax Assignment 4. Option for Local VAT 5. Design of Fiscal Transfers 6. Fiscal Equalization Scheme 7. Local Bond System 8. Drive to Decentralize. Conclusion

About the Author

Nobuki Mochida is a Professor at the Graduate School of Economics at the University of Tokyo, Japan.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS035000
BUSINESS & ECONOMICS / International / General
POL000000
POLITICAL SCIENCE / General