The Effects of Japanese Fiscal Policy after the Global Financial Crisis on the Marco Economy and Regional Economy

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In this research we examine the effects of fiscal policy after the global financial crisis in Japan. For the macroeconomic effects, while the eco-point did not have positive and significant effects, the program of eco-car tax break and eco-car subsidy has a positive impact on the production of automobile industries. However, the the effect of the program of eco-car tax break and eco-car subsidy was not so large, and soon becomes insignificant. Thus, in terms of the evaluation of Japanese discretionary fiscal policy up after the global financial crisis, even a policy with a positive effect has generated limited benefits for the economy.For another researches related to public finance, we examine the effects of public investment on the regional business cycle fluctuations, the relationship between fiscal reform and fiscal sustainability, and the empirical research on local public finance.