The Promotion of Local Finance Reforms in Modern Japan

Abstract

This paper intends to study the promotion of fiscal decentralization and the ”trinity reform package”, which are important local finance reforms in modern Japan. Firstly, it introduces the financial relations between the central and local governments. Secondly, it analyzes the process of fiscal decentralization since the 1990s. Thirdly, it examines the effects and defects of the ”trinity reform package.” Finally, it describes the financial conditions in current Japan.