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Topic: Ministry of Finance (Japan)


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In the News (Sat 26 Dec 09)

  
  Asia Times Online - The trusted news source for information on Japan
Ministry officials have relearned the virtues of fiscal prudence after presiding over massive public spending in the mid-1990s to stave off, with little success, the recessions of the post-bubble era.
Japan's primary deficit will stand at 15.9 trillion yen in fiscal 2005, down 3 trillion yen from the current fiscal year for the second straight year.
Japan's economic activity at the moment is dependent to a large degree on overseas economies, namely the United States and China, whose economic activity continues to expand, albeit at a slower pace.
www.atimes.com /atimes/Japan/FL21Dh01.html   (1729 words)

  
 Japan
Hartcher, who lived in Japan in the go-go 1980s and again in the early '90s as the economy tanked, finds little to praise about Japan's hard-working "ministry of ministries," which was recently disgraced by the arrests of four of its bureaucrats on bribery charges-the latest in a series of ministry embarrassments.
Indoctrination into the Finance Ministry culture starts early, Hartcher writes-new recruits are told that the ministry's origins date from at least 678 A.D., when the imperial court included a treasure-store, or okura.
The ministry's name in Japanese is Okurasho, literally the "great storehouse ministry." In the postwar years, its bureaucrats became the high priests of the economy, molding Japan into a dirigiste financial superpower in defiance of America's model of rough-and-tumble capitalism.
www.time.com /time/magazine/1998/int/980330/ministry.html   (850 words)

  
 Japan finally takes the plunge Global Finance - Find Articles
And Japan's finance ministry and central bank are seriously weighing a plan put forward by Bear Stearns in July to securitize 12 trillion in loans of Japan's troubled jusen, or housing loan companies.
Japan has permitted a form of asset-backed finance since 1993, when the so-called MITI Law defined three securitization structures but did not allow specialpurpose companies (SPCs) to be set up in Japan or the debt paper to be traded.
That was a lucrative business for Japan's commercial banks-until the Daiwa Bank scandal in September 1995 knocked down the credit ratings of some Japanese banks and provoked overseas lenders and investors to slap a premium on Japanese bank activities abroad, which raised the cost of their US asset-backed issues.
www.findarticles.com /p/articles/mi_qa3715/is_199610/ai_n8744624   (846 words)

  
 CNN - Ex-prosecutor will head Japan's finance ministry - January 30, 1998
On Monday, two ministry inspectors were arrested on suspicion of accepting lavish entertainment and other favors from bank officials whose main job was to wine and dine them in return for confidential information -- including the schedule of supposedly surprise inspections.
Finance minister Hiroshi Mitsuzuka and vice finance minister Takeshi Komura resigned from their posts to take responsibility for the scandal, which has rocked the powerful ministry.
The Finance Ministry, which frames Japan's economic policy, looked set for more controversy on Friday as leading financial daily Nihon Keizai Shimbun reported that a senior official had instructed the now-defunct Yamaichi Securities Co. Ltd.
www.cnn.com /WORLD/9801/30/japan.finance.update   (377 words)

  
 Don't Count the Finance Men Out
Japan's formidable Finance Ministry, the premier agency of Japanese economic power, has recently come under unprecedented public pressure to reform itself.
In the case of Japan's Defense Agency, the ministry's grip is doubly tight because many of the agency's top personnel are officials seconded from the ministry.
The ministry's strangle-hold on the savings system is a particular bugbear for the U.S. Treasury, which bears responsibility for raising the finance to fund U.S. budget deficits.
www.iht.com /articles/1996/02/13/edfing.t.php   (500 words)

  
 UofT G8 Information Centre: Analytical Studies. Genoa 2001. Japan.
Japan announced its expectation that official development assistance (ODA) may be one of the key topics to be discussed at the Genoa Summit, in light of its failing domestic economy and increasing national debt.
Japan and Canada could potentially bridge the gap among the EU states and the U.S. towards ratification of the Kyoto Protocol.
Japan feels that the multilateral environmental agreements (MEAs) on the issues of ozone layer depletion, climate change, desertification, and the conservation of biological diversity need to be managed more effectively and efficiently.
www.g7.utoronto.ca /evaluations/2001genoa/objectives/japan.html   (1938 words)

  
 USMEF | copy-Japan
Japan is the largest importer of U.S. beef in value terms, accounting for 32 percent of the total value of U.S. beef exports in 2002.
Japan is the largest importer of U.S. pork and pork variety meats by value and volume; pork imports (including variety meat) by value are more than triple the next closest market, Mexico.
As measured by Japan's Ministry of Finance, Japan's total imports of pork increased in 2002 by 9.7 percent to 777,178 metric tons (mt); this was partially due to the substitution of pork for beef after the BSE scare.
www.usmef.org /TradeLibrary/copy-Japan.asp   (608 words)

  
 Japan Nikkei 225
Japan's trade surplus fell 31.8 percent in April from a year earlier to 646.2 billion yen as a surge in the cost of imports prompted by high oil prices offset a steady rise in exports, government data showed on Thursday.
Japan's latest economic growth figures show that prices, as measured by the GDP deflator, were still declining in the October-December quarter, prompting fresh calls for the Bank of Japan to weigh carefully any decision to end its ultraeasy policy.
Bank of Japan Governor Toshihiko Fukui said on Thursday the BOJ would need to make sure deflation was well and truly beaten before scrapping its ultra-easy monetary policy, and he appeared to leave the door open to leaving rates at zero even once the policy was abandoned.
www.investmenttools.com /equities/world/japan_nikkei_225.htm   (4842 words)

  
 Monetary and fiscal policy of Japan - Wikipedia, the free encyclopedia
Through management of these areas, the Ministry of Finance regulated the allocation of resources in the economy, affected the distribution of income and wealth among the citizenry, stabilized the level of economic activities, and promoted economic growth and welfare.
The Budget Bureau of the Ministry of Finance is at the heart of the political process because it drows up the national budget each year.
The coalition leaders and Ministry of Finance officials consult on a final draft budget, which is generally passed by the Diet in late winter.
en.wikipedia.org /wiki/Monetary_and_fiscal_policy_of_Japan   (946 words)

  
 Asia Times: Dollar rises vs. yen for 2nd day on speculation Japan slowdown to persist
The Ministry of Finance said Japan's economy is still in a ''severe state.'' That followed an IMF report saying the economy will contract this year.
Adding to the gloomy outlook for Japan, Japan's Economic Planning Agency Directo-General Taichi Sakaiya is concerned the economy will worsen when the current round of government spending dries up after September, said Ichizo Ohara, a member of parliament from the ruling Liberal Democractic Party and a political adviser to Prime Minister Keizo Obuchi.
Although Japan is showing some signs of recovery, ''people are still bullish on the dollar'' versus the yen, he said.
www.atimes.com /japan-econ/AD23Dh01.html   (835 words)

  
 Ministry of Finance (Japan) - Wikipedia, the free encyclopedia
The Ministry is headed by the Minister of Finance (Zaimu-daijin; 財務大臣), who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister.
When a modern system of government was introduced after the Meiji Restoration, the Ministry of Finance (大蔵省; Ōkura-shō) was established as a government body in charge of public finance and monetary affairs.
The current Vice Minister for International Affairs (2004) is Hiroshi Watanabe and the current Abe administration's Finance Minister as of October 2006 is Koji Omi.
en.wikipedia.org /wiki/Ministry_of_Finance_(Japan)   (363 words)

  
 Index of Economic Freedom 2006 - Japan
Japan's growth was robust early in 2004 but slowed to an annual 2.7 percent by year's end.
Japan's capital flows and foreign investment score and banking and finance score are both 1 point better this year.
Japan's banking system is competitive but continues to suffer from non-performing loans resulting from the collapse of the asset-price bubble in the late 1980s and early 1990s.
www.heritage.org /research/features/index/country.cfm?id=Japan   (922 words)

  
 TIME Asia | End of an Era? | 2/9/98
Last month, the Ministry of Finance disclosed that the sum of potentially bad loans burdening the country's banks was $585 billion, or nearly three times its previous official estimate.
Since Japan's economic bubble burst in 1991, the chief responsibility of the MOF-tan has been to solicit details on bank inspections, thus giving their institutions time to hide data that would reveal the extent of bad loans and disastrous real estate investments.
That the Finance Ministry scandal broke at all is the result of dogged pursuit by the Tokyo district public prosecutor's office, one of Japan's most independent government entities.
www.time.com /time/magazine/1998/int/980209/mitsuauka.html   (1201 words)

  
 Making sense of Japan - revisionist policies of Japan's Ministry of Finance National Interest, The - Find Articles   (Site not responding. Last check: 2007-10-08)
Japan's real estate market, accounting at current prices for at least one half the real estate value of the entire planet, is, like its stock market, a fathomless fl hole where "price" and "value" are meaningless chimera.
Japan runs the largest current account surpluses of any country in history but cannot re-start the engines of growth.
It is unable to finance the deficits of its trading partners without chronic losses on the securities -- mostly denominated in dollars -- it buys to finance those deficits.
www.findarticles.com /p/articles/mi_m2751/is_n43/ai_18298480   (815 words)

  
 Ministry of International Trade and Industry (MITI)
Historical Background: Japan's Ministry of International Trade and Industry (MITI) was formed in 1949 from the union of the Trade Agency and the Ministry of Commerce and Industry in an effort to curb postwar inflation and provide government leadership and assistance for the restoration of industrial productivity and employment.
MITI also coordinated trade policy, on issues affecting their interests, with the Economic Planning Agency, the Bank of Japan, and the ministries of agriculture, construction, forestry and fisheries, health and welfare, posts and telecommunications, and transportation.
During the 1980s, the ministry helped to craft a number of market-opening and importpromoting measures, including the creation of an import promotion office within the ministry.
www.fas.org /irp/world/japan/miti.htm   (573 words)

  
 JAPAN   (Site not responding. Last check: 2007-10-08)
Japan from an Anthropological Perspective An analytical text divided into three sections: Geography and History, Culture and Society, and Contemporary Issues.
Japan Policy Research Institute (JPRI) "As of November 1997, JPRI has now released all publications prior to 1997.
A Reader's Guide to the Arts of Japan Included are descriptions of more than 450 of the best publications on Japanese art; excluded are writings not available in English and (with a few exceptions) doctoral dissertations.
asnic.utexas.edu /asnic/countries/japan   (854 words)

  
 Bloomberg.com: Japan
Japan's benchmark 10-year yields have risen more than 30 basis points this year as the economy heads for its longest expansion since World War II, increasing the likelihood the central bank will raise rates for the first time since 2000.
Japan's economic recovery will help improve the outlook for the nation's fiscal health, spurring demand for government debt, he said.
Japan's ratio of public debt to gross domestic product will drop to 151 percent by next March, from 153 percent in March this year, the finance ministry forecast in December.
www.bloomberg.com /apps/news?pid=10000101&sid=aMLysdu9i4CI&refer=japan   (735 words)

  
 CNN - Ex-prosecutor picked to lead Japan's finance ministry - January 30, 1998
The appointment of Matsunaga could boost the credibility of the post, since he does not have any ties to the financial ministry and could be regarded as a bloodhound likely to sniff out wrongdoing in the tainted department.
Finance minister Hiroshi Mitsuzuka and vice finance minister Takeshi Komura have both resigned from their posts to take responsibility for the scandal, which has rocked the powerful ministry.
The MOF, which frames Japan's economic policy, looked set for more controversy on Friday as leading financial daily Nihon Keizai Shimbun reported that a senior official had instructed the now-defunct Yamaichi Securities Co Ltd to hide some of its losses incurred as a result of compensating favored clients.
www.cnn.com /WORLD/9801/30/japan.fin.min   (367 words)

  
 1996 U.S.-Japan Insurance Agreement
The Ministry of Finance will expand the scope of the advisory rate system for loading rates of commercial fire insurance effective January 1, 1997, by lowering the minimum amount per contract to 20 billion yen and to 7 billion yen effective April 1, 1998.
The Ministry of Finance will terminate the measures to avoid radical chance in the third sector in subsections (1) and (2) above two and one-half years after all the following criteria are met.
The Ministry of Finance intends for the date of termination of the measures described in subsections (1) and (2) to be no later than 2001.
www.mac.doc.gov /japan/source/menu/insurance/supjpn.html   (2178 words)

  
 Ministry of finance   (Site not responding. Last check: 2007-10-08)
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lycs finance student finance, sudent phenanse, senate finance committee cannot be senaght phinanc comette is government finance, also known as governnent phiegnanc depends entirely on housing finance authority, hucing feignense authority and auto finance calculator Ministry of finance auto phenanc calcuator, finance rates, phenenc rats is the same as vincentglobal finance by gobal phiegnance.
www.alternativa.lviv.ua /ups/finance/ministry-of-finance.html   (1829 words)

  
 Amazon.co.uk: The Ministry: Books: Peter Hartcher   (Site not responding. Last check: 2007-10-08)
This timely book is the first account in English of Japan's Ministry of Finance, the most powerful and the least scrutinized ministry in Japan, obscured until now by its cousin, the Ministry of International Trade and Industry.
Using sources inside Japanese business and government, Hartcher documents how the Ministry, which traces its medieval origins and authority back to a divine mandate to build the nation at any cost, is acting increasingly from pure unenlightened self-interest despite the Japanese people's tireless trust in it.
This is an English-language examination of Japan's Ministry of Finance.
www.amazon.co.uk /Ministry-Peter-Hartcher/dp/0875847854   (508 words)

  
 NGC to Grade Japan Ministry of Finance Coins in Holders of Issue   (Site not responding. Last check: 2007-10-08)
NGC to Grade Japan Ministry of Finance Coins in Holders of Issue
Each of the coins being sold has been encapsulated by the Ministry in a rigid plastic holder with a red core, and bears a unique serial number which corresponds to its plate and lot number in their full color auction catalogues.
Japan Ministry of Finance coins should be submitted on their own submission invoice without coins requiring any other services.
www.ngccoin.com /news/viewarticle.asp?IDArticle=376   (622 words)

  
 Amazon.com: Japan's Fiscal Crisis: The Ministry of Finance and the Politics of Public Spending, 1975-2000: Books: ...   (Site not responding. Last check: 2007-10-08)
It challenges the orthodoxy that a dominant and dominating Ministry of Finance (MOF) implemented tough policies of retrenchment in the 1980s.
Maurice Wright is Director of the Japan Centre, University of Manchester.
Japan, the world's second economic power and its largest creditor nation, has been in crisis for more than a decade.
www.amazon.com /Japans-Fiscal-Crisis-Ministry-1975-2000/dp/0199250537   (1184 words)

  
 BBC News | Business | Race for Japan's finance ministry hots up
Prime Minister Ryutaro Hashimoto agreed to appoint a new finance minister during a meeting with five senior officials of the Liberal Democratic Party (LDP), party officials said.
Mr Hashimoto assumed the post of acting finance minister after the resignation of Hiroshi Mitsuzuka after the arrest on Monday of two finance ministry officials over a bribery scandal.
Mr Koizumi and Mr Kajiyama are thought to be the strongest candidates to fill the finance ministry seat as both have the influence needed to push through legislation seen as crucial to revive the nation's ailing economy.
news.bbc.co.uk /1/low/business/51222.stm   (296 words)

  
 Japan Society, New York - Corporate & Policy Programs
Although the Japanese economy is finally showing signs of recovering, the sustainability of the recovery and mounting debt in the public sector continue to raise questions.
In an unprecedented roadshow with international investors, senior officials from the Ministry of Finance in Tokyo will speak on the status quo and future prospects of the Japanese economy, fiscal policy, and debt management policy.
It will be an excellent opportunity to hear from the Ministry of Finance firsthand on the state of the Japanese economy.
japansociety.org /events/event_detail.cfm?id_event=687244043&...   (242 words)

  
 The Ministry of Finance in Japan
In Japan the Ministry of Finance has a concentration of power unsurpassed and not equaled by any other.
The Bank of Japan, the central bank of Japan, has been administered from within the Ministry of Finance as has the National Tax Agency.
In the Meiji Era and later the Ministry of Finance was not the administrative center of government that it is now.
www.sjsu.edu /faculty/watkins/MOF.htm   (279 words)

  
 Japan's finance ministry says all parts of country were recovering in Oct-Dec - Forbes.com   (Site not responding. Last check: 2007-10-08)
Japan's finance ministry says all parts of country were recovering in Oct-Dec - Forbes.com
TOKYO (AFX) - The Finance Ministry's 11 regional bureaus all reported a recovery trend in their local economies in the three months to December, the ministry said.
Nevertheless, the ministry is keeping its overall assessment of the national economy unchanged for the eight straight month, saying that the economy is recovering gradually.
www.forbes.com /markets/feeds/afx/2006/01/24/afx2470948.html   (384 words)

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