| Headline: Bureaucrats give up a great treasure Source: Euromoney Date: February 2001 Author: Kevin Rafferty Japan’s ministry of finance has lost face in the past decade as an arbiter of business development. The complexities of market growth have overwhelmed it, the collapse of a Liberal Democratic monopoly has removed its political underpinnings and scandalous revelations have been made about its corrupt practices. Now it has lost its traditional name. Despite the rise of rivals such as the Financial Services Agency and attempts by politicians to bypass MoF’s budget functions it’s far from clear who is in charge.
Japan’s ministry of finance has lost the Japanese name Okura-sho, literally ministry of great treasure, and become Zaimu-sho, plain ministry of finance. | |||||||||||||||||||||||||||||||||||||||||