Local Governments

Part of the Research Monographs in Japan-U.S. Business & Economics book series (JUSB, volume 7)


Many local governments are in crisis. Their deficits are dramatically increasing. The outstanding amount of bonds, which was 52 trillion yen at the end of 1990 FY, is growing at an annual rate of almost 13% on average, and reached 100 trillion yen in 1996 FY.


Local Government Central Government Capital Expenditure Interest Payment Bond Issue 
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© Springer Science+Business Media New York 2002

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