Economics jargon? "Diet"???? What’s it mean? Look at this sentence?
Okay what does this sentence mean?
"In the process of high economic growth, public finance played a supporting role. It did not match the central place full by banks. public finance was prevented from dominating the high growth mechanism partly for the institutional reason that the financial statement was subject to the direct control of the Diet. But more fundamentally, unlike the monetary financial sector, the fiscal sector was not sheltered against public exposure by impenetrable technicalities."
This is a small passage on the japanese economy. What does Diet mean? lol…
‘The Diet’ is the name of the Japanese legislature. Politics as usual my friend, don’t expect amusing stuff from snuffly economists.
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‘The Diet’ is the name of the Japanese legislature. Politics as usual my friend, don’t expect amusing stuff from snuffly economists.References :