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THE MISSION OF THE MINISTRY OF FINANCE AND POLICY GOALS

(provisional translation)

THE MISSION AND POLICY GOALS OF THEMINISTRY OF FINANCE  

 

1.

The Missionof the Ministry of Finance

2.

GeneralGoals

3.

PolicyGoals

Policy Goal 1: Maintain Stable Public Finance.

Policy Goal 2: Realize Fair andEquitable Taxation.

Policy Goal 3: Utilize TheFiscal Investment and Loan Program Appropriately and Effectively.

Policy Goal 4: Manage NationalAssets, Liabilities and Treasury Appropriately and Maintain Credit to the Nation'sCurrency.

PolicyGoal 5: Maintain TradeOrderand Promotethe Sound Development of Trade.

Policy Goal 6: Stabilize theInternational Monetary System and Promote International Cooperation andExchange.

4.

Organizationaland Operational Principles


1.The Mission ofthe Ministry of Finance

Maintaina Stable, yet Dynamic Economy and a Peaceful and Prosperous Society by Managingthe Overall National Finances through Efficient and Transparent Administrationin the Interests of the People as Taxpayers, and Promote the Sustainable Growthof the World.

2.GeneralGoals

Maintain Confidence in the Nation's Currency, Maintain Stable, yet DynamicEconomy and a Peaceful and Prosperous Society and Promote the Sustainable Growthof the World Economy.

(GeneralGoals in the Mid to Long Term including FY 2002)

GeneralGoal 1.FromNow on in Fiscal Management, Promote the Improvement of Expenditure Qualities,Restraints in Spending, etc., Continue to Study the Desirable Relationshipbetween Benefits and Burdens, and thereby Transform the Fiscal Structure into anEfficient and Sustainable one. And Strive for Realizing SustainablePrivate-sector-led Growth by Pursuing such Fiscal Structural Reforms along withother Various Reforms Initiated by the Government.

GeneralGoal 2.Create a Desirable Tax System Suitable for the 21stCentury through Considering Structural Changes - such as Declining Birthrate,Aging Population, and Internationalization -and Fiscal Conditions.

GeneralGoal 3. Underthe Principles of the Administrative and Fiscal Reforms, Prioritizethe Target Areas and Projects of the FILP (Fiscal Investment and Loan Program)by Focusing on such Areas and Projects as Cannot Be Implemented Solely byPrivate Sectors, and Respond to Financial Demands Really Necessary for PolicyObjectives such as Building Safety Net Lending in Consideration of SocioeconomicConditions.

GeneralGoal 4.Set up an Appropriate Financial Safety Net and Respond Promptly and Accuratelyto Financial Crises with Aims of Guaranteeing the Stability of Financial Systemin Cooperation with Related Organizations.

GeneralGoal 5.Promote the Sound Progress of the National Economy by Tackling Such Issues asInternational Cooperation for Global Scale Problems and Strive for theSustainable Growth of the World Economy, the Stability of International MonetarySystem, Strengthening the Regional Cooperation in the Asia, and FacilitatingInternationalTrade Development in an Orderly Manner.

 (GeneralGoals for FY 2002)

GeneralGoal 6.Ensure Appropriate Fiscal and EconomicManagementthrough the Ceaseless Implementation of Fiscal and Economic Structural Reforms,in Cooperation with Related Organizations.

GeneralGoal 7.Continueto Tackle the Fiscal Structure by Improving the Efficiency and Quality of PublicExpenditures, etc., for Transforming the Fiscal Structure into an Sustainable one, in Consideration of SevereConditions of our Public Finance.

GeneralGoal 8.Advance Necessary TaxReforms,inLine with the Basic Principles for a Desirable Tax System, for Addressing the Changes of Socialand Economic Conditions.

GeneralGoal 9.Focus on Target Projects forthe Formulation of the FILP Plan by Examining its Complementary Role toPrivate Sectors,Policy (Subsidy)Cost Analysis, theCertainty of Repayment, etc, Respondto Financial Demands Based on Current SocioeconomicConditions, and Achievethe Reduction of the Plan's Scaleunder the Principles of theFILP Reform.

PolicyGoals 

PolicyGoal1:Maintain Stable Public Finance.

1-1  Improve the Efficiency and Quality of Public Finance through PrioritizedAllocations of Budget.

1-2  MaintainNecessary Government Revenue.

1-3  Implement Appropriately the Operations for the Revenue and Expenditure ofthe Local Governments and for the Fiscal Transfer between the National and LocalGovernments.

1-4  Establish and Properly Operate the Fair, Efficient, and TransparentSystems of Public Finance and Accounting.

1-5  Create, Manage, and Operate the Stable and Efficient National PublicService Personnel Mutual AID System.

 

PolicyGoal 2: Realize Fair and EquitableTaxation.

2-1  Realizea Tax System in Accordance with the Tax Principles of Fairness, Neutrality, andSimplicity, and Suitable to the Change of Social and Economic Conditions.

2-2  Assess and Collect National Taxes Fairly and Equitably.

2-3  Promote the Sound Development of Alcoholic Beverage Industry.

2-4  Ensure the Appropriate Management of Certified Public Tax Accountants'Operations.

2-5  Assess and Collect Customs Duties Fairly and Equitably.

 

PolicyGoal 3: Utilize The Fiscal Investment and Loan ProgramAppropriately and Effectively.

3-1  Ensure the Fund Allocations of the FILP (FiscalInvestment and Loan Program) to the FILP to Carry Out Projects that Cannot BeImplemented Solely by Private Sectors and Are Necessary for Policy Objectives ,and Improve the Prioritization and Efficiency of its Fund Supply.

3-2  Ensurethe Financing by the FILP Bonds, and Enhance Asset and Liability Management (ALM)

 

PolicyGoal 4: Manage National Assets, Liabilities and TreasuryAppropriately and Maintain Credit to the Nation's Currency.

4-1  Manageand Dispose the National Property Efficiently and Appropriately, .and UtilizeElectronic Data Processing System for Keeping up on the Current Conditions ofthe National Property Accurately and Improving the Disclosure of Information.

4-2  Implementthe Maintenance Plans for the Government Buildings and Official Housings, andUtilize the New Finance Measure for Public Buildings.

4-3  Maintain the Proper Enforcement of the Budget.

4-4  Disclose the Information of the Nation's Fiscal Conditions Accuratelythrough Compiling the Settlement of Accounts.

4-5  Manage the Treasury Fund Accurately and Efficiently, Including theAppropriate Control of the Balance of the Treasury.

4-6  Ensure the Government Bonds Issuance Flexibly, Implement Government DebtManagement Policies Appropriately, and Facilitate the Primary Market, etc.

4-7   Managethe Nation's Currency System Appropriately through the Issuances of Coins,Making up the Plan for Manufacturing the Bank of Japan Notes, and Preventing theCounterfeiting and Corruption of them, etc.

4-8  Manage the Sound Operations of the Mint Bureau.

4-9  Manage the Sound Operations of the Printing Bureau.

4-10 Ensure the Appropriate Management of the Operations and Organization ofthe Bank of Japan.

4-11 Set up an Appropriate Financial Safety Net and Respond Promptly andAccurately to Financial Crises.

4-12 Ensure the Appropriate and Efficient Management of Government FinancialInstitutions.

4-13 Promote the Sound Progress of the Tobacco and Salt Industries, and Ensuretheir Appropriate Management.

4-14  Manage the Sound Operations of the Earthquake Reinsurance.

 

PolicyGoal 5: Maintain TradeOrderand Promote theSound Development of Trade.

5-1   Setup an Appropriate Tariff Rate and Reform Customs System Responding to Domesticand International Economic Conditions.

5-2  Increase Users' Convenience in the Customs Procedures. 

5-3  Prevent the Smuggling of Illegal Drugs, Firearms, and Other SociallyHarmful Articles.

5-4  Harmonize and Simplify the Customs Procedures Internationally.

 

PolicyGoal 6:Ensure the Stability of theInternational Monetary System and Promote International Cooperation andExchange.

6-1   Ensurethe Stability of Foreign Exchange and International Monetary System.

6-2  Assist Developing Countries in Their Economic and Social Development Endeavoursthrough Multilateral and Bilateral Cooperation with These Countries.

6-3   PromoteInternational Cooperation and Exchange.

 

Organizationaland Operational Principles

1   Fulfill its Functions of Policy Planning and Coordination.

2   Develop and Maintain Highly Professional, Capable and Principled HumanResources.

3   Provide and Disclose Information to the People and the Market and CollectOpinions.

4    PromoteInformation Technology in its Administration towards the Realization of the "ElectronicGovernment".

5   Ensure Effective and Efficient Organizational Management through SteadyPolicy Evaluation, etc.

The Policy of MOF
Budget
Tax Policy
Customs & Tariff
Japanese Governments bonds
Fiscal Investment and Loan Program

Exchequer

Currency

Property


International Policy
Financial System Stabilization
Policy Research Institute