Acceleration of Economic Reform in Japan and the Role of the Council on Economic and Fiscal Policy

Mitsuo Hosen
Additional contact information
Mitsuo Hosen: Economic and Social Research Institute, Cabinet Office, Government of Japan

EABER Working Papers from East Asian Bureau of Economic Research

Abstract: Creation of the Council on Economic and Fiscal Policy (CEFP) made Japans economic and fiscal policy making more transparent, consistent and coherent. This new institutional arrangement accelerated structural reform and improved economic and fiscal policy making in general, thus contributing to the recent economic recovery.Success of this new institutional arrangement is, at least in part, attributable to a couple of virtues of CEFPs decision making process :transparency, an economy-wide view and an integrated approach.However, the CEFP is a new institutional setting and not deeply rooted in Japanese political system.In post-Koizumi era, further efforts should be made to make more use of the CEFP as a tool to improve policy making and an engine of economic reform.

Keywords: CEFP; Fiscal Policy; Japan; economic reform (search for similar items in EconPapers)
JEL-codes: D00 D01 D02 (search for similar items in EconPapers)
Date: 2006-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.eaber.org/node/21832 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 301 [REDIRECT LOOP] Moved Permanently (http://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832 [301 Moved Permanently]--> https://www.eaber.org/node/21832)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eab:wpaper:21832

Access Statistics for this paper

More papers in EABER Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong ().