Making Fiscal Policy in Japan

Making Fiscal Policy in Japan is written for those who want to understand the role and performance of fiscal policy as an integral component of macroeconomic policy, and the attendant effects on economic growth. Ishi traces and analyses the central features of postwar Japanese fiscal policy and considers the institutional framework and policy objectives which shaped the budget process. The overall conclusion is that the Japanese government has been generally passive in guiding the state's economic activities, using fiscal policy to support the private market economy rather than directly to influence the economy through deliberate expenditure and tax policies.