Kobayashi, Wataru; Ohno, Taro - In: Public Policy Review 8 (2012) 4, pp. 503-536
The Consultation System of Local Bond began in Japan in fiscal 2006. This system allows local governments to issue local bonds as long as they consult with the national or prefectural government in advance, even in cases where they cannot obtain its consent. This can be interpreted as a greater...