A Vision for Economic Policy
An economic commentator once said that, in Japan, politicians seem to be in a weaker position compared to the Ministry of Finance. This ministry is reportedly focused solely on increasing tax revenue in the short term. Whether this is true or not, such an approach might be necessary to maintain the value of the Japanese yen.
However, if the goal is to increase tax revenue in the long term, it might be necessary to consider temporarily reducing taxes to improve the economy, which in turn could lead to higher tax revenue as the economy recovers. This thought reminded me of the story of Emperor Nintoku.
Emperor Nintoku, who ruled Japan from the 4th to 5th century, noticed that there was no smoke rising from the houses of his people, indicating that they could not cook rice. He decided to exempt them from taxes for a while. During this period, the imperial court became impoverished, and they could not repair their buildings. However, the lives of the people gradually improved. When they had become sufficiently prosperous, the people voluntarily repaired the imperial buildings.
I hope Japan can become a country like this.