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Spending Without Taxation – FILP and the Politics of Public Finance in Japan - Stanford Scholarship Online
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Spending Without Taxation: FILP and the Politics of Public Finance in Japan

Gene Park


Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, the author demonstrates how the Japanese government established and mobilized an enormous off-budget spending system—the Fiscal Investment Loan Program (FILP)—which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget. The book argues that this system underwrote a distinctive postwar political bargain, one that eschewed the rise of th ... More

Keywords: Japanese politics, public finance, Japan, taxation, spending, Fiscal Investment Loan Program, postal savings, public pensions, budget, credit, investment

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780804773300
Published to Stanford Scholarship Online: June 2013 DOI:10.11126/stanford/9780804773300.001.0001


Affiliations are at time of print publication.

Gene Park, author