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Spending Without TaxationFILP and the Politics of Public Finance in Japan$
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Gene Park

Print publication date: 2011

Print ISBN-13: 9780804773300

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804773300.001.0001

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The Koizumi Reforms and the Legacy of FILP, 2001 and After

The Koizumi Reforms and the Legacy of FILP, 2001 and After

(p.217) Eight The Koizumi Reforms and the Legacy of FILP, 2001 and After
Spending Without Taxation
Stanford University Press

Koizumi Junichirō, one of the most popular postwar prime ministers, came into office in 2001 promising to deliver radical reforms not only to restore economic growth, but also to take on the vested interests in his own party. Koizumi set his sights on postal savings and the FILP system, making both issues central to his larger reform agenda. This chapter explains what Koizumi accomplished and why Koizumi succeeded where others failed. It concludes with an assessment of the legacy of FILP—what it has left behind and how it has shaped what will come in the future.

Keywords:   Fiscal Investment Loan Program, fiscal policy, financial reform, Koizumi Junichirō, postal savings, FILP system

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