IDEAS home Printed from https://ideas.repec.org/p/eti/rpdpjp/17001.html
   My bibliography  Save this paper

The Potentiality of Community Currencies in Japan with a Low Birthrate and an Aging Population (Japanese)

Author

Listed:
  • FUJI Kazuhiko

Abstract

In Japan with its low birthrate and an aging population, people are having difficulty in building relationships with each other. Families are losing their traditional roles, and local communities have not been revitalized yet. In such circumstances, community currencies are effective in turning things around as money plays the role as the lubricating oil of relationships in Japanese society. During the Edo period, community currencies (hansasu) contributed to the revitalization of regional economies. Since the war ended, community currencies have become unfamiliar to Japanese people. Thanks to the application of blockchains (digital currencies), the cost of flotation of community currencies have lowered dramatically. Furthermore, legal and tax problems have been solved. Companies which pay attention to the potentiality of community currencies have begun to introduce this as a means of revitalizing the regional economies. From the viewpoint of the welfare of regional societies, local governments should take the initiative in managing community currencies and stimulate the organization of multi-layer communities. To strengthen confidence in community currencies, a mechanism that reflects the demand of residents should be structured. Such policy is essential as the first step toward a true local autonomy.

Suggested Citation

  • FUJI Kazuhiko, 2017. "The Potentiality of Community Currencies in Japan with a Low Birthrate and an Aging Population (Japanese)," Policy Discussion Papers (Japanese) 17001, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:17001
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/pdp/17p001.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rpdpjp:17001. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (MATSUKURA, Taeko). General contact details of provider: http://edirc.repec.org/data/rietijp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.