THE MISSION AND POLICY GOALS OF THE MINISTRY OF FINANCE

(provisional translation)

THE MISSION AND POLICY GOALS OF THE MINISTRY OF FINANCE

１． The Mission of the Ministry of Finance

Maintain a Stable, yet Dynamic Economy and a Peaceful and Prosperous Society by Managing the Overall National Finances through Efficient and Transparent Administration in the Interests of the People as Taxpayers, and Promote the Sustainable Growth of the World Economy.

２． General Goals

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

General Goal 1. From Now on in Fiscal Management, Promote the Improvement of Expenditure Qualities, Restraints in Spending, etc., Continue to Study the Desirable Relationship between Benefits and Burdens, and thereby Transform the Fiscal Structure into an Efficient and Sustainable one. And Strive to Realize Sustainable Private-sector-led Growth by Pursuing such Fiscal Structural Reforms along with other Various Reforms Initiated by the Government.

General Goal 2. Based on the "Policy Guidance on the Establishment of a Desirable Tax System" , Mid-Term Report "A Sustainable Tax System for Japan's Aging Society", etc. Establish a Desirable Tax System Necessary for Realizing a Sustainable Socioeconomic Vitalization in Response to Economic and Social Structural Changes-such as the Declining Birthrate, Aging Population, and Internationalization-and Fiscal Conditions.

General Goal 3.  Under the Principles of the Administrative and Fiscal Reforms, Prioritize the Target Areas and Projects of the FILP (Fiscal Investment and Loan Program) by Focusing on such Areas and Projects as Cannot Be Implemented Solely by Private Sectors, and Respond to Financial Demands Really Necessary for Policy Objectives, such as Building Safety-Net lending, in Consideration of Socioeconomic Conditions.

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

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

General Goal 6. Ensure Appropriate Fiscal and Economic Management through the Ceaseless Implementation of Fiscal and Economic Structural Reforms, in Cooperation with Related Organizations.

３．Policy Goals 

Policy Goal 1: Maintain Stable Public Finance.

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

1-2   Maintain Necessary Government Revenue.

1-3   Maintain the Proper Enforcement of the Budget.

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

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

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

Policy Goal 2: Realize Fair and Equitable Taxation.

2-1   Realize a Tax System in Accordance with the Tax Principles of Fairness, Neutrality, and Simplicity, 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 the Alcoholic Beverage Industry.

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

2-5   Impose and Collect Customs Duties Properly.
 

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

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

3-2   Manage and Operate the Fiscal Loan Fund Appropriately, and Disclose Information Thoroughly.
 

Policy Goal 4: Manage National Assets, Liabilities and Treasury Appropriately and Maintain Credit to the Nation's Currency and Credit.

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

4-2   Implement Efficiently the Maintenance Plans for the Government Buildings and Official Housing.

4-3   Manage the Treasury Fund Efficiently and Accurately.

4-4   Ensure Smooth 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 their Counterfeiting and Corruption, etc.

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

Policy Goal 5: Maintain Trade Order and Promote the Sound Development of Trade.

5-1   Set up an Appropriate Tariff Rate and Improve the Customs System Taking into account Domestic 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-social Contrabands.

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

Policy Goal 6: Promote Stable and Sound Development of the International Financial System and Economic and Social Development in Developing Countries.

6-1   Ensure Stability in Foreign Exchange Market and Build a Robust International Financial System and Conduct Appropriate Operation.

6-2   Promote a Wide Variety of International Cooperation, Including Financial Support and Technical Assistance, to Help Developing Countries Stably Develop Their Economy and Society.

Policy Goal 7: Ensure the Appropriate Management of Corporations, Operation, etc. under the Jurisdiction of the Ministry of Finance.

7-1   Ensure the 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 Personnel Mutual AID System.

7-4   Ensure the Appropriate Management of the Operations and Organization of the Bank of Japan.

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

４． Organizational and Operational Principles  

1    Fulfill its Functions of Policy Planning and Coordination.

2    Develop and Maintain Highly Professional, Capable and Principled Human Resources.

3    Provide and Disclose Information to the People and the Market and Collect Opinions.

4    Promote Information Technology in its Administration towards the Realization of the "Electric Government."

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