Local government in Japan consists of 47 prefectures and 1,718 municipalities (City, Town and Village). Before HEISEI Merger, the number of municipalities was over 3,000. Difficulty of public finance forced reform of municipalities. Yubari city, Hokkaido is the only bankruptcy municipality in Japan now. In future, some municipality will face the same difficulty.
This class provides the understanding a general and a specific topics of the public finance of local government. Students investigate the accounting reports.