Abstract
Political reforms are recently sometimes proceeded by prime minister, governors, and mayors. However, these reforms are usually criticized because the political reforms may decrease the well-being of citizens. This paper aims at investigating the impact of fiscal reform based on an empirical study to clarify the merits and demerits of it to the citizens. An empirical study of the political reforms in Osaka Prefecture and Osaka City has been conducted in this research due to the radical issue within the process compared with other area in Japan. It has been found that the fiscal reforms in Osaka, as the second largest city in Japan, impacted significantly to the local economics. Moreover, the result also showed that the radically political reforms proceeded by some governors and mayors lead to decline in the local area of Osaka. Therefore, we suggest to the citizens to discuss calmly and objectively the recent political reforms which possibly occurred in the local government.
