| Skip Site Navigation |
|
|
|
|||
 DisseminationStandards 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) |
 |
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Data are disseminated in billion Yen on the international investment position and cover the position for the latest calendar year (end of year), the position for the preceding calendar year (end of year), and the change in position. (3) Financial derivatives cover warrants and the positions of option, forward and futures. (4) Other investment, showing assets and liabilities broken down into loans, trade credits, currency and deposits, and other assets/liabilities (and within each type of investment, by sector and loans, credits and other assets/liabilities by maturity). Geographic detail: The geographic breakdowns of direct investment and portfolio investment are disseminated on an annual basis. | |||||||||||
| Periodicity | 4.1.1 Periodicity Annual (Quarter-end data of primary components of the annual IIP are also compiled by estimation and disseminated.) | |||||||||||
| Timeliness | 4.1.2 Timeliness 5 months after the end of the reference year. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | 5.1.3 Advance release calendar An advance release calendar that gives one-quarter-ahead notice of the approximate release date is disseminated on the Internet on the IMF's Dissemination Standards Bulletin Board. A statement to this effect is made in the Balance of Payments Quarterly. Flexibility Notes: Japan is availing itself of Advance Release Calendar (ARC) flexibility for the international investment position data. | |||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The data are released simultaneously to all interested parties by issuing the press release International Investment Position of Japan. End of Calendar Year xxxx issued by the Ministry of Finance after the Cabinet meeting. | |||||||||||
| 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 The Ministry of Finance (MOF) is responsible for compiling the international investment position statistics 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 international investment position statistics. 0.1.2 Data sharing and coordination among data producing agencies Most international investment position collections are administrative data requested through the reporting requirements prescribed under the FEFTL.
0.1.3 Confidentiality of individual reporters' data Bank of Japan The Article 29 of the Bank of Japan Act, which took effect as of April 1998, clarifies the rules with respect to the confidentiality as follows: (Article 29) The Bank of Japan's officers and employees shall not leak or misappropriate secrets which they have learned in the course of their duties. The same shall apply even after they have left the Bank. International investment position 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 is provided by the FEFTL. 0.2.1 Staff, facilities, computing resources, and financing Overall, staffing for international investment position 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 international investment position 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 international investment position statistics. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination 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 Bank of Japan “Rules of Ethical Conduct for Executives and Staff of the Bank of Japan” (available in Japanese only) is applied to the work of the statistics. The Article 32 of the Bank of Japan Act clarifies the rules with respect to the ethical discipline as follows: (Article 32 )The Bank of Japan shall, in light of the public nature of its business and in order to ensure the proper execution of their duties by its officers and employees, establish rules on service for its officers and employees, such as rules on the obligations to devote themselves to their duties and to separate themselves from private enterprises, and shall report such rules to the Minister of Finance and, at the same time, make them public. The same shall apply when making any change to the rules. Moreover, the statistical sections have developed rules, notably on data confidentiality. International investment position 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 data are provided to the Cabinet meeting on the day of their release to the public. | |||||||||||
| 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 Data are final when first released and are not subject to revision.4.3.2 Identification of preliminary and/or revised data The data are final when first released.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 A brief description of the data sources and methodology, as well as an explanation of the principal items, is given in the Balance of Payments Quarterly, published by the Bank of Japan. 5.2.2 Disseminated level of detail Detailed methodological information on the measurement of foreign direct investment is available on the following IMF webpage: http://www.imf.org/external/np/sta/di/mdb97.htm. (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/iip/index.htm) disseminate annual time series data for the period since 1996 showing the detailed breakdown . 4.2.3 Intersectoral and cross-domain consistency The positions at the end of the previous reference period and the BOP data are revalued with exchange rate (and bond performance index for bonds and notes).
The relevant issue of the BOJ's Balance of Payments Quarterly publishes the international investment position of Japan (Table 14, in the April issue) showing the detailed breakdown. 5.1.2 Dissemination media and format The international investment position data are reported to the Cabinet by the end of May each year under the Foreign Exchange and Foreign Trade Law, and are disseminated on the same day in a press release issued jointly by the Ministry of Finance and the Bank of Japan. The Cabinet meeting day cannot be fixed until immediately before the day. | |||||||||||
|
||||||||||||
