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Standards Bulletin Board Reviews of the Fund's Data Standards' Initiatives (Reviews) Special Data Dissemination Standard Site (SDDS) Introduction Metadata Data What's New Contact Us General Data Dissemination System Site (GDDS) Data Quality Reference Site (DQRS) |
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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Data are disseminated in billion Yen on the external debt for the following:
Total liabilities owed to nonresidents.
· broken down by general government, monetary authorities, banks and other sectors; The data are based on the methodology set out in the fifth edition of the IMF’s Balance of Payments Manual (BPM5). | |||||||||||
| Periodicity | 4.1.1 Periodicity Quarterly | |||||||||||
| Timeliness | 4.1.2 Timeliness 10 – 11 weeks after the end of the reference quarter. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | 5.1.3 Advance release calendar Quarterly press release calendar can be accessed on the IMF Dissemination Standards Bulletin Board (DSBB) on the Internet. Precise release date of figures at the end of the quarter after the next quarter is published in Ministry of Finance (MOF)’s website (http://www.mof.go.jp/ in Japanese, http://www.mof.go.jp/bpoffice/e1c004.htm in English) and Bank of Japan (BOJ)’s website (http://www.boj.or.jp/ in Japanese, http://boj.or.jp/english/index.htm in English) in the last month of each quarter. The precise release date is also published on the DSBB. | |||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The data are released jointly by MOF and BOJ to the public by attaching in relevant quarter to the balance of payments (BOP) press release Balance of Payments for xxxxx [relevant month]. A press conference is held at MOF at 8:50 a.m. (Japan Standard Time) on the release date.
The press release is available at both MOF and BOJ, and on the same time the data become available on MOF’s website (http://www.mof.go.jp/ in Japanese, and http://www.mof.go.jp/english/index.htm in English.) and on BOJ’s website (http://www.boj.or.jp/ in Japanese, and http://www.boj.or.jp/en/index.htm in English.). | |||||||||||
| Integrity | ||||||||||||
| Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information | 0.1.1 Responsibility for collecting, processing, and disseminating statistics Ministry of Finance(MOF,O) The data are disseminated by the Ministry of Finance as a service to the public.External debt The Ministry of Finance (MOF) is responsible for compiling the International Investment Position (IIP) (of which external debt is part of) and reporting it to the Cabinet periodically (Foreign Exchange and Foreign Trade Law(FEFTL) of 1949, most recently amended in 2007 ).
At the same time, the MOF entrusts to the BOJ acceptance of the relevant reports and making the External Debt statistics. 0.1.2 Data sharing and coordination among data producing agencies Most external debt collections are administrative data requested through the reporting requirements prescribed under the FEFTL. 0.1.3 Confidentiality of individual reporters' data Legal provisions protect the confidentiality of the individual data that are shared by the MOF and the BOJ. 0.1.4 Ensuring statistical reporting The legal authority to collect data required to compile the international investment position statistics(of which external debt is part of) is provided by the FEFTL 0.2.1 Staff, facilities, computing resources, and financing Overall, staffing for external debt statistics is adequate. 0.2.2 Ensuring efficient use of resources The MOF and the BOJ implements adequate measures to ensure efficient use of resources. 0.3.1 Monitoring user requirements Several groups of statistics users are consulted: academic groups, private research institutes, government agencies (METI, and CAO), financial corporations, and other market participants, such as the Japan Foreign Trade Council. 0.4.1 Quality policy The management and staff of the MOF and the BOJ are sensitive to the quality of statistics. 0.4.2 Quality monitoring The BOJ has set up numerous mechanisms to monitor data quality. 0.4.3 Quality planning The BOJ consults with data suppliers, the main statistics users of balance of payments statistics, and the international community at international forums. Feedback from users on quality standards and on new and emerging data requirements is taken into account in the work program planning process.
1.1.1 Impartiality of statistics As indicated in the section 0.3.1, the BOJ and the MOF staff are encouraged to enhance their professionalism by participating in international meetings. 1.1.2 Selection of sources, methodology, and modes of dissemination For each component of external debt statistics, internal compilation guides are prepared and updated, as necessary. 1.1.3 Commenting on erroneous interpretation and misuse of statistics The MOF and the BOJ are entitled to interpret and comment on external debt statistics. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Ministry of Finance(MOF,O) Copies of the Law are available in Japanese at: Government Publications Service Center External debt The explanations of terms and conditions under which statistics are compiled, methodologies, and major data sources are disseminated on the BOJ website and on the IMF’s Dissemination Statistics Bulletin Board (DSBB) (for the BOJ website: http://www.boj.or.jp/en/index.htm , and for the IMF’s DSBB: http://dsbb.imf.org/Applications/web/sddscountrylist/ ); in the Bank of Japan (International Department) Balance of Payments Quarterly. 1.3.1 Guidelines for staff behavior The Governmental Official Act and the National Public Service Ethics Law prescribes the ethical standards for Government official. The BOJ Low, the Rules of Ethical Conduct for Executives and Staff of the BOJ, and the Code of Conduct for Staff of the BOJ prescribes the ethical standards for BOJ staff. All these are made public. | |||||||||||
| Identification of internal government access to data before release | 1.2.2 Internal governmental access to statistics prior to release The IMF’s DSBB states that there is no internal governmental access to statistics prior to their release. | |||||||||||
| Identification of ministerial commentary on the occasion of statistical releases | 1.2.3 Attribution of statistical products The press release of the MOF is published under the double stamp of the MOF and the BOJ. | |||||||||||
| Provision of information about revision and advance notice of major changes in methodology | 4.3.1 Revision schedule The Bank of Japan (BOJ) and the Ministry of Finance (MOF) release quarterly preliminary estimates in the last month of the subsequent quarter to the reporting period.
4.3.2 Identification of preliminary and/or revised data The preliminary status of the quarterly estimates is shown clearly on the publication form to be identified by users.1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. The BOJ alert the reporters collectively in the meetings or individually by mail, sufficiently in advance, to facilitate the transitory steps. In addition, programmed methodological changes are discussed with statistics users during the quarterly meetings and described in public notices available on the MOF and the BOJ websites, and in forms and instructions on the BOJ website. | |||||||||||
| Quality | ||||||||||||
| Dissemination of documentation on methodology and sources used in preparing statistics | 5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques Methodology and the data sources are disseminated on BOJ’s website in August, 2003 (Japanese version. English version is also disseminated in October, 2003.). An outline is also available in the Balance of Payments Quarterly, published by BOJ. 5.2.2 Disseminated level of detail The available documentation given in 5.2.1 meets the needs of specific users. (See also summary methodology) | |||||||||||
| Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness | 4.2.1 Internal consistency Internal data consistency is assured by applying the same concepts, definitions, and classifications.4.2.2 Temporal consistency The following Ministry of Finance Internet website (http://www.mof.go.jp/bpoffice/e1c018.htm) and Bank of Japan Internet website (http://www.boj.or.jp/en/type/stat/boj_stat/bop/edp/index.htm ) disseminate quarterly data for the period since 2003. 4.2.3 Intersectoral and cross-domain consistency Balance of Payments Quarterly, published by BOJ, gives a set of component detail along with the BOP statistics and the IIP.
The data of debt liabilities are fully consistent with those in Japan’s international investment position (IIP). 5.1.2 Dissemination media and format The external debt statistics are disseminated in hard copy and are available on the MOF and BOJ’s websites in a user-friendly format. | |||||||||||
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