01697cas a2200241 a 4500 AALejournalIMF017020 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475522686 1018-5941 BD-DhAAL BD-DhAAL Kopits, George. The Case for an Independent Fiscal Institution in Japan / George Kopits. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In response to the recent financial crisis and the ensuing buildup in public indebtedness, an increasing number of advanced economies have created independent fiscal institutions (IFIs) to improve the quality of public finances and to strengthen the credibility of government policy. A review of Japan's fiscal policymaking over the past decades suggests that Japan would greatly benefit from establishing an IFI in line with internationally accepted standards of good practice. Such an institution could help correct critical weaknesses in policymaking and anchor expectations, especially if introduced as part of a fiscal framework with a medium-term perspective. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/156/001.2016.issue-156-en.xml IMF e-Library