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Using
Community Currencies (Ecomoney) to Counter Deflation and Other
Economic Threats in Japan
(July 19, 2002)
Economy Vitalization Committee |
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Japan’s
economy has plunged into deflation due largely to an uncertain
outlook for the future. To boost this weakened economy by
the initiatives of the private sector, this proposal stresses
the necessity of maximizing the vitality of communities by
offering stability in society, business relations founded
on trust, and a long-term vision for the future. Based on
this understanding, it advocates the creation of community
finance schemes that utilize community currencies (ecomoney)
and calls for the enactment of a regional re-investment law
in Japan. A questionnaire survey conducted in parallel with
this study revealed that 42.7% of local municipalities and 55.5%
of commerce and industry-related organizations have an interest
in community currencies.
In addition to the creation of community finance schemes that
utilize community currencies (ecomoney) and the enactment of a
regional re-investment law, included among specific policies
are the introduction of community cards, the promotion of special
zones for structural reform, and the privatization and regional
coordination of postal savings. |
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