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Honebuto No Hōshin
, commonly referred to by a term which literally translates to , is a set of policy guidelines used by the Japanese government to draft policy on economic and fiscal management. First proposed by the Liberal Democratic Party in 2001, it is formulated annually by the Council on Economic and Fiscal Policy. The initiative was abandoned by the Democratic Party of Japan in 2010, but revived in 2013 under the Shinzō Abe's administration. Background Before 2001, the Ministry of Finance exercised a strong influence over the compilation of the budget. The 86th Japanese Prime Minister, Yoshirō Mori, established the Council on Economic and Fiscal Policy (CEFP), modelled on the American Council of Economic Advisers, in January 2001 to strengthen the prime minister’s power over economic and fiscal policy. The council has up to 11 members, including the Minister of State for Economic and Fiscal Policy and the Governor of the Bank of Japan. It is chaired by the Prime Minister, with four or ...
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Political Agenda
In politics, a political agenda is a list of subjects or problems (issues) to which government officials as well as individuals outside the government are paying serious attention to at any given time. The political agenda is most often shaped by political and policy elites, but can also be influenced by activist groups, private sector lobbyists, think tanks, courts, world events, and the degree of state centralisation. Media coverage has also been linked to the success of the rise of political parties and their ability to get their ideas on the agenda (see agenda-setting). Although the media does often have an effect on the political agenda, these results are not always immediate, which can produce a lag in the political agenda. Who can affect the political agenda The political agenda can be influenced by multiple institutional and non-institutional actors acting independently or concurrently, including political office-holders, interest groups, social movements, and other ...
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National Diet
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (Japan), House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (Japan), House of Councillors (, '' Sangiin''). Both houses are directly elected under a parallel voting, parallel voting system. In addition to passing laws, the Diet (assembly), Diet is formally responsible for nominating the Prime Minister of Japan, Prime Minister. The Diet was first established as the Imperial Diet in 1890 under the Meiji Constitution, and took its current form in 1947 upon the adoption of the Constitution of Japan, post-war constitution. Both houses meet in the in Nagatachō, Chiyoda, Tokyo, Chiyoda, Tokyo. Composition The houses of the National Diet are both elected under parallel voting systems. This means that the seats to be filled in any given election are divided into two groups, each elected by a different method; the main difference bet ...
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Politics Of Japan
Politics of Japan are conducted in a framework of a dominant-party bicameral parliamentary constitutional monarchy, in which the Emperor is the head of state and the Prime Minister is the head of government and the head of the Cabinet, which directs the executive branch. Legislative power is vested in the National Diet, which consists of the House of Representatives and the House of Councillors. The House of Representatives has eighteen standing committees ranging in size from 20 to 50 members and The House of Councillors has sixteen ranging from 10 to 45 members. Judicial power is vested in the Supreme Court and lower courts, and sovereignty is vested in by the 1947 Constitution, which was written during the Occupation of Japan primarily by American officials and had replaced the previous Meiji Constitution. Japan is considered a constitutional monarchy with a system of civil law. Politics in Japan in the post-war period has largely been dominated by the ruling Liberal De ...
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2013 Establishments In Japan
Thirteen or 13 may refer to: * 13 (number), the natural number following 12 and preceding 14 * One of the years 13 BC, AD 13, 1913, 2013 Music * 13AD (band), an Indian classic and hard rock band Albums * ''13'' (Black Sabbath album), 2013 * ''13'' (Blur album), 1999 * ''13'' (Borgeous album), 2016 * ''13'' (Brian Setzer album), 2006 * ''13'' (Die Ärzte album), 1998 * ''13'' (The Doors album), 1970 * ''13'' (Havoc album), 2013 * ''13'' (HLAH album), 1993 * ''13'' (Indochine album), 2017 * ''13'' (Marta Savić album), 2011 * ''13'' (Norman Westberg album), 2015 * ''13'' (Ozark Mountain Daredevils album), 1997 * ''13'' (Six Feet Under album), 2005 * ''13'' (Suicidal Tendencies album), 2013 * ''13'' (Solace album), 2003 * ''13'' (Second Coming album), 2003 * ''13'' (Ces Cru EP), 2012 * ''13'' (Denzel Curry EP), 2017 * ''Thirteen'' (CJ & The Satellites album), 2007 * ''Thirteen'' (Emmylou Harris album), 1986 * ''Thirteen'' (Harem Scarem album), 2014 * ''Thir ...
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2010 Disestablishments In Japan
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the s ...
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2001 Establishments In Japan
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the s ...
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Mainichi Shimbun
The is one of the major newspapers in Japan, published by In addition to the ''Mainichi Shimbun'', which is printed twice a day in several local editions, Mainichi also operates an English language news website called ''The Mainichi'' (previously ''Mainichi Daily News''), and publishes a bilingual news magazine, ''Mainichi Weekly''. It also publishes paperbacks, books and other magazines, including a weekly news magazine, ''Sunday Mainichi''. It is one of the four national newspapers in Japan; the other three are the ''Asahi Shimbun'', the ''Yomiuri Shimbun'' and the '' Nihon Keizai Shimbun''. The Sankei Shimbun and The ''Chunichi Shimbun'' are not currently in the position of a national newspaper despite a large circulation for the both respectively. History The history of the ''Mainichi Shinbun'' began with the founding of two papers during the Meiji period. The ''Tokyo Nichi Nichi Shimbun'' was founded first, in 1872. The ''Mainichi'' claims that it is the oldest existing ...
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International Free Trade Agreement
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other. If natural persons are also free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration. Customs unions are a special type of free-trade area. All such areas have internal arrangements which parties conclude in order to liberalize and facilitate trade among themselves. The crucial difference between customs unions and free-trade areas is their approach to third parties. While a customs union requires all parties to establish and maintain identical external tariffs with regard to trade with non-parties, parties to a free-trade area are not subject to this requiremen ...
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Information Technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (IT system) is generally an information system, a communications system, or, more specifically speaking, a computer system — including all hardware, software, and peripheral equipment — operated by a limited group of IT users. Although humans have been storing, retrieving, manipulating, and communicating information since the earliest writing systems were developed, the term ''information technology'' in its modern sense first appeared in a 1958 article published in the ''Harvard Business Review''; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established name. We shall call it information technology (IT)." Their definition consists of three categories: techniques for pro ...
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Tax Reform
Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system more understandable or more accountable. Numerous organizations have been set up to reform tax systems worldwide, often with the intent to reform income taxes or value added taxes into something considered more economically liberal. Other reforms propose tax systems that attempt to deal with externalities. Such reforms are sometimes proposed to be revenue-neutral, for example in revenue neutrality of the FairTax, meaning they ought not result in more tax or less being collected. Georgism claims that various forms of land tax can both deal with externalities and improve productivity. Austral ...
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Cabinet Office (Japan)
The (CAO) is an agency of the Cabinet of Japan. It is responsible for handling the day-to-day affairs of the Cabinet. The Cabinet Office is formally headed by the Prime Minister. Ministers History The Cabinet Office was established on 6 January 2001, following the reorganization of the central government. It was created to assist in the planning and overall coordination of government policies led by the Cabinet (including the Cabinet Secretariat). The Cabinet Office is different from other ministries and agencies, as it is installed in the Cabinet and includes several Ministers of State called Minister of State for Special Missions. Early on, some argued it was inappropriate to use the name Cabinet Office because "it is an organization that divides and manages administrative affairs and not the cabinet itself". The National Administrative Organization Law does not apply, and all necessary items are stipulated in the Cabinet Office Establishment Law. Since many important ...
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Non-performing Loans
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth (although this theory is disputed). In the European Union, the management of the NPLs resulting of the global financial crisis of 2008 has become a politically sensitive topic, culminating in 2017 with the decision by the Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad bank). In December 2020, this action plan was revised in the wake of the Covid19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Pa ...
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