 Special Corporations: On and On They GoSusan Carpenter Chapter 2 in Special Corporations and the Bureaucracy, 2003, pp 14-50 from Palgrave Macmillan Abstract: Abstract Special corporations receive funds through investments from postal account savings1 and funds, and loans from the Financial Investment Loan Program (FILP), often referred to as Japan’s ‘secondary budget’. FILP was established in 1953 and can be described as a huge financial organ operated by the public sector. Postal savings is its largest part with another entity being the public pension fund.2 Tax revenue from both national and local governments also is a source of funding and supplementing of budgets.3 Although four special corporations operate independently of tax revenue, forty-five corporations depend entirely on it. Seven corporations use over 90 per cent tax revenue, three use more than 80 per cent, one receives 70 per cent of its funding from this source, two operate on 60 per cent tax revenue, and one receives less than 50 per cent.4 Since the funding for some of the corporations does not come entirely from tax revenue (for example, private investment) they are not required to make public the sources of other capital investment. Keywords: Liberal Democratic Party; Opposition Parti; Public Pension Fund; Outstanding Loan; Postal Saving (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50878-1_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.