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The Ministry originated in the 6th century, when the Ōkura (大蔵) was established as a state treasury in ancient Japan. 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. It is ...
Monetary policy pertains to the regulation, availability, and cost of credit, while Fiscal policy deals with government expenditures, taxes, and debt. 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 ...
The Japan Export-Import Bank (JEXIM), the Japan Development Bank, and a number of finance corporations, such as the Housing Loan Corporation, promoted the growth of specialized sectors of the domestic economy. These institutions derived their funding from deposits collected by the postal savings system and deposited with the Trust Fund Bureau ...
The Ministries of Japan (中央省庁, Chūō shōchō, Central ministries and agencies) or Government Agencies of Japan (行政機関, Gyōsei kikan, Public administration organizations) are the most influential part of the executive branch of the Government of Japan.
On June 21, 2012, the Financial Services Agency (FSA), the Ministry of Finance (MOF) and the National Tax Agency (NTA) and the United States authority (the Treasury Department) have released a joint statement regarding a framework for intergovernmental cooperation to facilitate the implementation of FATCA and improve international tax compliance.
Government-business relations are conducted in many ways and through numerous channels in Japan. The most important conduits in the postwar period are the economic ministries: the Ministry of Finance and the Ministry of Economy, Trade and Industry (METI, formerly the Ministry of International Trade and Industry, known as MITI). The Ministry of ...
The FSA was established on July 1, 2000 by the merger of the Financial Supervisory Agency with the Financial System Planning Bureau, a bureau of the Ministry of Finance. The Financial Supervisory Agency had been established in 1998, amid severe instability in the Japanese financial system, to conduct concentrated inspections of Japanese ...
The Paper Money Office was created on July 27, 1871 under the administration of the Ministry of Finance, and was soon renamed in August the Paper Money Bureau.At the time, banknote printing was outsourced to the United States and Germany, as Japan did not have the required facilities for domestic production.