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How to Improve Japan's Economic Policy Formulation.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Inoki Takenori
A large number of people, from Diet members elected by the public to bureaucrats of various government ministries, are involved in Japan's economic policy planning. So are various organizations including the Council on Economic and Financial Policy and the Policy Board of the Bank of Japan (BOJ). Judging from the constitutional national framework, what are the problems with Japanese systems in the implementation of economic policy? This question amounts to exploring the cause of the recent confusion in Japan's economic policy. In this paper, I would like to focus on two problems ...
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