local government under fiscal rehabilitation; municipality under central government oversight for debt recovery
A legal designation under Japan's Local Finance Rehabilitation Law for a local government that has effectively gone bankrupt and must implement a fiscal reconstruction plan under national supervision.
Yubari City was designated as a fiscal rehabilitation body in 2007.
Once a municipality becomes a fiscal rehabilitation body, its independent budgeting is severely restricted.
財政再建 refers to fiscal reconstruction in general, while 財政再建団体 specifically denotes a local government entity under such a program.
The full name of the law that defines 財政再建団体; the term is a shorthand for entities governed by this act.
Compound of 財政 (finance), 再建 (reconstruction), and 団体 (organization, body). The term is a legal designation under Japanese law.