Hiroki Tsuda







     Major posts held:
     Vice Minister of Finance




Decision-Making Process (Seminar)
Black and white perceptions of decision making by the Japanese government are commonplace, with simplistic interpretations of words such as "ministry interests" and amakudari, or, as it is commonly defined: lucrative post-retirement jobs for bureaucrats.
The actual situations are not understood. Graduate students, who will be society's future leaders, must not depart from intelligent thought and fall into stereotyped analysis. We will discuss with equanimity the values, attitudes, processes and dynamics that are part of policy formulation in real world governance, and by doing so make a contribution to higher level research papers.

Fiscal and Monetary Systems
Macro studies of public finance and credit are, of course, the subject of the academic study of fiscal and monetary policy but it is important to have an awareness of their underlying connection to all of man's endeavors.
Our time is limited but I will give as detailed an explanation as possible of the structure of the individual systems which make up public finance and credit. I hope that these lectures will be invaluable to graduate students by providing the broad overview that is indispensable to whatever occupation they may choose in the future.
It will be even more advantageous to their understanding if students take “Fiscal and Monetary Affairs and the National Economy” in conjunction with “Fiscal and Monetary Systems.”

Fiscal and Monetary Affairs and the National Economy
As a general rule, fiscal policy will be discussed as part of macroeconomic policy. For practical guidance we will include the relationship between fiscal soundness and economic growth. It will also be important to examine such matters as the various fields that constitute public finance, and their relationship to the economy.
In addition, as time allows, we will touch upon the current situation and the problems in each field, what the future may hold, and the realities of policy formation. This attention to
"on-the-ground conditions" will be of great use to graduate students.
Further, the relationship between the economy and Central Bank monetary policy lies at the heart of financial theory. I hope that you will come away from this course with an understanding of the impact that government financial administration (formulating monetary systems, audits, and oversight of financial institutions, etc.) has upon businesses and individuals.

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