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 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) |
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| The Data: Coverage, Periodicity, and Timeliness | ||||||||||||
| Coverage characteristics | 5.1.1 Statistical presentation Data are disseminated on the following rates (as the percentage per annum): | |||||||||||
| Periodicity | 4.1.1 Periodicity On the day the change is made for the Basic Discount Rate and Basic Loan Rate. Daily for the Short-term and Long-term Government Bond Yields. | |||||||||||
| Timeliness | 4.1.2 Timeliness The same day, whenever the rate is changed, in the case of the Basic Discount Rate and Basic Loan Rate. | |||||||||||
| Access by the Public | ||||||||||||
| Advance dissemination of release calendar | ||||||||||||
| Simultaneous release to all interested parties | 5.1.4 Simultaneous release The data on the change in the Basic Discount Rate and Basic Loan Rate is released simultaneously to all interested parties by issuing a press release The Bank of Japan Press Release, copies of which are available at the BOJ headquarters, and released on the following BOJ's Internet websites (http://www.boj.or.jp/ for the data in Japanese, and http://www.boj.or.jp/en/index.htm for the data in English). The data is subsequently published in the Financial and Economic Statistics Monthly and the Bank of Japan Statistics (annual basis, publishing began from Summer 2005).
The daily data on the Short-term and Long-term Government Bond Yields are made available simultaneously to all interest parties by re-disseminating on the Internet website of the Statistics Bureau of Ministry of Internal Affairs and Communications (MIC) (http://www.stat.go.jp/english/19.htm). | |||||||||||
| 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 rules for conducting the Bank’s business, which is stipulated by the article 45 of the Bank of Japan Act, provide that the BOJ shall announce changes in the Basic Discount Rate and Basic Loan Rate to the public. The MIC re-disseminates the daily data on the Short-term and Long-term Government Bond Yields published by the JSDA as a service to the public. The publications of the data on the Short-term and Long-term Government Bond Yields are based on the Dissemination System for Reference Prices [Yields] for OTC Bond Transactions. The JSDA is the sole corporative organization in securities industry in Japan authorized by the Prime Minister under the Paragraph 2 of Article 67-2 of the Financial Instruments and Exchange Law, and consists of all national securities companies and registered financial institutions (as members of the association). 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. 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. | |||||||||||
| Identification of internal government access to data before release | ||||||||||||
| Identification of ministerial commentary on the occasion of statistical releases | ||||||||||||
| Provision of information about revision and advance notice of major changes in methodology | 4.3.1 Revision schedule The data are not revised.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. Major changes in methodology are announced at the time the changes are introduced. | |||||||||||
| 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 The Financial and Economic Statistics Monthly and the Bank of Japan Statistics describe the definition of the Basic Discount Rate and Basic Loan Rate. The Financial and Economic Statistics Monthly gives explanatory notes for the Government Bond Yields. An explanation of the Government Bond Yields is also disseminated on the following JSDA Internet website (http://market.jsda.or.jp/html/saiken/kehai2/seido.html). (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 | ||||||||||||
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