[Notes on Statistics]Public Finance

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Data for which no sources are mentioned are compiled by the Bank of Japan.
All times are Japan Standard Time unless noted otherwise.

Statement of Receipts and Payments of Treasury Accounts
National Government Debt

Statement of Receipts and Payments of Treasury Accounts

(1) Transactions with the Private Sector

Transactions with foreign central banks and international organizations (the yen accounts of the Bank of Japan) are included in this table from April 1999. (They were included in the table of transactions with the Bank of Japan through March 1999.)
Through April 1985, General Accounts includes figures for Japan Tobacco & Salt Public Corporation.
Special Accounts, etc. includes figures for Medical Care Facilities Finance Corporation through January 1985, includes figures for Nippon Telegraph & Telephone Public Corporation through April 1985, and includes figures for Japan National Railways through April 1987.
Through March 2007, figures for Stable Food Supply are those for Foodstuff Control.
Fiscal Loan Fund and Industrial Investments were integrated into Fiscal Investment and Loan in April 2008 (Through March 2008, figures for Fiscal Investment and Loan are those for Fiscal Loan Fund).
Infrastructure Development was newly added when Road Improvement, River Conservation, Harbor and Airport were integrated in April 2008.
The funds of Japan Post are not included in Treasury Accounts from April 2003, when the Postal Service Agency changed to Japan Post.
The funds of Housing Loan Corporation are not included in Treasury Accounts from April 2007, when it changed to Japan Housing Finance Agency which does not deposit cash in the treasury.
Credit Insurance Account of Japan Small and Medium Enterprise Corporation was newly added in July 1999, when the former Small Business Credit Insurance Corporation was integrated. Until then, figures are those for Small Business Credit Insurance Corporation in the table. In July 2004, Japan Finance Corporation for Small and Medium Enterprise inherited the Credit Insurance Programs which were operated by the Japan Small and Medium Enterprise Corporation.
After the integration of Financing Bills and Treasury Bills in February 2009, Treasury Bills were excluded from Public Debt and categorized as Treasury Discount Bills. However, those Treasury Bills which were issued before the integration remain included.
Treasury Discount Bills were newly added when Financing Bills and Treasury Bills were integrated in February 2009. From April 1999 through then, figures were those for Financing Bills. Before April 1999, when Treasury Financing Bills, Foreign Exchange Fund Financing Bills and Food Financing Bills were integrated, figures of these three types of Financing Bills were included in Other Special Accounts.
Component figures of Adjustments are no longer released from October 2008, because the number of the institutions which belong to"Development Bank of Japan, etc" becomes less than 2 due to the reorganization and integration of government-affiliated financial institutions.
Through September 2008, the figures of Development Bank of Japan, etc. show adjustments of the increase or decrease in the amount outstanding of the current account deposits with the Bank of Japan and the Financing Bills held by the Development Bank of Japan, the Japan Bank for the International Cooperation, the National Life Finance Corporation and the Japan Finance Corporation for Municipal Enterprises.
Special Account for Infrastructure Development was abolished at the end of fiscal 2013. From fiscal 2014, among its components, Road Improvement, River Conservation, and Harbor were transferred to Public Works under General Accounts, while Airport was included in Others under Special Accounts, etc.

(2) Transactions with the Bank of Japan

Transactions with foreign central banks and international organizations (the yen accounts of the Bank of Japan) were included in Ordinary Receipts and Payment through March 1999. (They are included in the table of transactions with the Private Sector from April 1999.)
The receipts and payments of principal and interest of government bonds with the postal service are not included in Treasury Accounts from April 2003, when the Postal Service Agency changed to Japan Post.
The issue and redemption of Treasury Bills were moved to Treasury Discount Bills from Others of Ordinary Receipts and Payments when Financing Bills and Treasury Bills were integrated in February 2009. However, those Treasury Bills which were issued before the integration remain included in Others of Ordinary Receipts and Payments.
The amount of Raising and Repayments of Funds does not match with the sum of the detailed items before April 1999, because Treasury Financing Bills, Foreign Exchange Fund Financing Bills and Food Financing Bills were not included in the detailed items, but were included in Raising and Repayments of Funds.
Treasury Discount Bills were newly added when Financing Bills and Treasury Bills were integrated in February 2009. Until then, figures are those for Financing Bills.
Through March 1987, Investment and Withdrawal of Surplus Funds includes figures for Japan National Railways.

(3) Consolidated Receipts and Payments of the Treasury

After the integration of Financing Bills and Treasury Bills in February 2009, Treasury Bills were excluded from Balance of Ordinary Receipts and Payments and categorized as Treasury Discount Bills. However, those Treasury Bills which were issued before the integration remain included.
Treasury Discount Bills were newly added when Financing Bills and Treasury Bills were integrated in February 2009. Until then, figures are those for Financing Bills.
Through March 1987, Balance of Investment and Withdrawal of Surplus Funds includes figures for Japan National Railways.
Domestic Designated Deposits was newly added when the competitive price of Financing Bills started in April 1999.

In principle, corrections to data compiled within the past twelve months, if any, are made and announced on the following release date.
Figures are rounded to the neatest whole number.

National Government Debt

The amount outstanding of Inflation-Indexed bonds in Internal Japanese Government Securities Issued in Japan is based on inflation-adjusted principal amount.
In principle, Borrowings are limited to those extending beyond the fiscal year-end and Temporary Borrowings are those repaid within the fiscal year. Through March 2003, figures of borrowings include the Postal Services Special Account and the Postal Savings Special Account (the amount outstanding of borrowings in both special accounts at the end of March 2003 was 48.7 trillion yen.)
After the integration of Financing Bills and Treasury Bills in February 2009, Treasury Bills were excluded from Internal Japanese Government Securities Issued in Japan and categorized as Treasury Discount Bills. However, those Treasury Bills which were issued before the integration remain included.
Treasury Discount Bills were newly added when Financing Bills and Treasury Bills were integrated in February 2009. Until then, figures are those for Financing Bills.
The figures of Government are those of Fiscal loan fund and the Government Debt Consolidation Fund, etc.(through March 2003, include the Postal Life Insurance Reserve and the Postal Savings Funds.)
Borrowings of Government includes Temporary Borrowings.