Japan’s Economic Problem
Japan’s economic challenge is often discussed in terms of debt or demographics, but there is a deeper “governance problem” rooted in its dual budget system.
One of the most persistent weaknesses in Japan’s economic governance is the lack of transparency in “Special Accounts.” This isn’t just about overt corruption; it’s about an institutional design that allows vast pools of public money to bypass democratic oversight.
When complexity becomes a barrier, accountability vanishes. Here is an analysis of why a “Single-Page Accountability Rule” could be a game-changer for Japan’s fiscal integrity.