Akihide Hirashima

About Akihide Hirashima

Akihide Hirashima is a professor of the Graduate School of Economics, Rikkyo University.
Author Archive | Akihide Hirashima
Finance, Governance

Japan’s Local Government Debt Control System

Japan's Local Government Debt Control System
Japanese local government bonds or loans are viewed as secure and almost the same as Japanese Government Bonds (JGBs). The Ministry of Internal Affairs and Communications (MIC), which is responsible for matters related to local government finance in Japan, states that even though decentralization reforms have been executed and are still in progress, there are three reasons that assure the financial security of local governments.