THE MISSION AND POLICY GOALS OF THE MINISTRY OF FINANCE

(provisional translation)

THE MISSION AND POLICY GOALS OF THEMINISTRY OF FINANCE

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 Economy.

２．GeneralGoals

Maintain Confidence in the Nation's Currency, Maintain a Stable, yetDynamic Economy and a Peaceful and Prosperous Society, and Promote theSustainable Growth of the World Economy.

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 to Realize SustainablePrivate-sector-led Growth by Pursuing such Fiscal Structural Reforms along withother Various Reforms Initiated by the Government.

GeneralGoal 2.Based on the "Policy Guidance on the Establishment ofa Desirable Tax System" , Mid-Term Report "A Sustainable Tax System forJapan's Aging Society", etc. Establish a Desirable Tax System Necessary forRealizing a Sustainable Socioeconomic Vitalization in Response to Economic andSocial Structural Changes-such as the Declining Birthrate, Aging Population,and Internationalization-and Fiscal Conditions.

GeneralGoal 3. Underthe Principles of the Administrative and Fiscal Reforms, Prioritize the TargetAreas and Projects of the FILP (Fiscal Investment and Loan Program) by Focusingon such Areas and Projects as Cannot Be Implemented Solely by Private Sectors,and Respond to Financial Demands Really Necessary for Policy Objectives, such asBuilding Safety-Net lending, in Consideration of Socioeconomic Conditions.

GeneralGoal 4.Set up and Operate an Appropriate Financial Safety Net and Respond Promptly andAccurately to Financial Crises with Aims of Guaranteeing the Stability of theFinancial System in Cooperation with Related Organizations.

GeneralGoal 5.Strive for Sustainable Development of the World Economy, Strengthening of theInternational Financial System, Strengthening of Regional Cooperation in Asia,Economic and Social Development in Developing Countries, and Orderly Developmentof International Trade through Active Engagement in International Cooperation onGlobal Issues in order to Contribute to Sound Growth of the Japanese Economy.

GeneralGoal 6.Ensure Appropriate Fiscal and EconomicManagement through the Ceaseless Implementation of Fiscal and EconomicStructural Reforms, in Cooperation with Related Organizations.

３．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  Maintain the Proper Enforcement of the Budget.

1-4  Disclose the Information of the Nation's Fiscal Conditions Accurately byCompiling the Settlement of Accounts.

1-5  Appropriately Implement the Operations for Revenue and Expenditure of the LocalGovernments and for the Fiscal Transfer between the National and LocalGovernments.

1-6  Establish and Properly Operate the Fair, Efficient, and Transparent Systems ofPublic Finance and Accounting.
 

PolicyGoal 2: Realize Fair and Equitable Taxation.

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  Assessand Collect National Taxes Fairly and Equitably.

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

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

2-5  Impose and Collect Customs Duties Properly.
 

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  Manageand Operate the Fiscal Loan Fund Appropriately, and Disclose InformationThoroughly.
 

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

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  ImplementEfficiently the Maintenance Plans for the Government Buildings and OfficialHousing.

4-3  Manage the Treasury Fund Efficiently and Accurately.

4-4  EnsureSmooth and Stable Financing and Curb Financing Cost in the Long-term.

4-5  Maintain Credibility to the Nation's Currency by Appropriately Minting Coins,Planning for Manufacturing the Bank of Japan Notes, and Preventing theirCounterfeiting and Corruption, etc.

4-6  Set up and Operate an Appropriate Financial Safety Net, and Respond Promptly andAccurately to Financial Crises.

PolicyGoal 5: Maintain Trade Order and Promote the Sound Development ofTrade.

5-1   Setup an Appropriate Tariff Rate and Improve the Customs System Taking into accountDomestic and International Economic Conditions.

5-2  Strengthen the Multilateral Trading System and Promote Economic Partnership.

5-3  Improve the Users' Convenience in the Customs Procedures.

5-4  Prevent the Smuggling of Illegal Drugs, Firearms, and Other Anti-socialContrabands.

5-5  Promote the International Harmonization of Customs Procedures, etc. andTechnical Assistance in the Customs Field.

PolicyGoal 6:Promote Stable and SoundDevelopment of the International Financial System and Economic and SocialDevelopment in Developing Countries.

6-1   EnsureStability in Foreign Exchange Market and Build a Robust International FinancialSystem and Conduct Appropriate Operation.

6-2  Promote a Wide Variety of InternationalCooperation, Including Financial Support and Technical Assistance, to HelpDeveloping Countries Stably Develop Their Economy and Society.

PolicyGoal 7:Ensure the Appropriate Management of Corporations, Operation, etc. under theJurisdiction of the Ministry of Finance.

7-1   Ensurethe Appropriate and Efficient Management of Government Financial Institutions.

7-2  Manage the Sound Operations of the Earthquake Insurance.

7-3  Create and Manage the Stable and Efficient National Public Service PersonnelMutual AID System.

7-4  Ensure the appropriate management of the operations and Organization of the Bankof Japan.

7-5  Promote the Sound Progress of the Tobacco and Salt Industries, and Ensure theirAppropriate Management.

４．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 "ElectricGovernment."

5   Ensure Effective and Efficient Organizational Management through Steady PolicyEvaluation, etc.