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Japan's asset price bubble collapse in 1991 led to a prolonged period of economic stagnation described as the 'Lost Decades', with GDP falling significantly in real terms through the 1990s. [7] In response, the Bank of Japan set out in the early 2000s to encourage economic growth through the non-traditional policy of quantitative easing.
The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite ...
The Government of Japan is the central government of Japan. It consists of legislative , executive and judiciary branches and functions under the framework established by the Constitution of Japan , adopted in 1947 and written by American officials in the Allied occupation of Japan after World War II .
Taxation in Japan is based primarily upon a national income tax (所得税 （ しょとくぜい ）) and a (住民税 （ じゅうみんぜい ）) based upon one's area of residence. [1] There are consumption taxes and excise taxes at the national level, an enterprise tax and a vehicle tax at the prefectural level and a property tax at the ...
The Financial Services Agency (金融庁, Kin'yū-chō, FSA) is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operates with a Commissioner and reports to the ...
The law of Japan refers to the legal system in Japan, which is primarily based on legal codes and statutes, with precedents also playing an important role. [1] Japan has a civil law legal system with six legal codes, which were greatly influenced by Germany, to a lesser extent by France, and also adapted to Japanese circumstances.
A city (市, shi) is a local administrative unit in Japan with a population of at least 50,000 of which at least 60% of households must be established in a central urban area, and at least 60% of households must be employed in commerce, industry or other urban occupations.
Hatoyama planned to change the electoral system to first past the post, introducing a bill to that effect in March 1956. This was met with opposition from the Socialist Party, who criticized Hatoyama's plan as a "Hatomander". The bill passed the House of Representatives in May 1956, but was never voted on by the House of Councillors.