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Revision of Flow of Funds Accounts

September 30, 2003
Bank of Japan
Research and Statistics Department

Evaluation and calculation methods have been changed in some areas. As a result, quarterly data are retroactively revised from the end of fourth quarter of 1997 and annual data from the end of FY1989.

For the revised data before fourth quarter 2002, please refer to the Long-term time-series data. The files for each term are now under construction, and it will be updated soon.

Major changes

Revision of data

The estimation methods have been changed in some areas. As a result, quarterly data are retroactively revised from the end of fourth quarter of 1997 and annual data from the end of FY 1989.

Major changes in this publication

<Commercial Paper>

The figures of second quarter of 1998 and onward have been changed reflecting the revision of the source data (see Changes to Items in "Issuance of CP" in "Principal Figures of Financial Institutions (Preliminary figures)" August 8, 2001 Bank of Japan Financial Markets Department). CP issued by Nonfinancial corporations and held by each sector has been decreased. CP which is directly issued to investors and not dealt by securities dealers is newly added. CP held by domestically licensed banks are also revised by using financial statistics survey form named Deposits, Vault Cash and Loans Table.

<Structured-financing instruments>

Original assets of trust types and ABS types of structured-financing instruments are changed. The portion which was assumed to be deposits money is now recognized as loans to companies and governments for the former. Instead of the fixed estimation ratio, actual ratio for publicly offered ABS is applied to the latter.

<Repurchase agreements and securities lending transaction>

The estimation methods have been refined to reflect the change of accounting rules for financial institutions.

<Share and other equities held by domestically licensed banks>

The estimation methods for financial transaction have been refined to deduct the unrealized gains/losses at the end of accounting period.

<Domestically licensed banks' loans to overseas and borrowings from overseas>

The estimation methods for financial transaction have been refined to deduct the fluctuations in the value of foreign exchange rate.

<Introduction of postal giro>

The item is newly added as transferable deposits issued by Postal savings and held by Nonfinancial corporations.