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Enhancement of Statistics Provided by the Research and Statistics Department

July 28, 1999
Bank of Japan
Research and Statistics Department

The Bank of Japan collects and compiles various statistics for the purpose of researching financial and economic conditions.  Among these statistics, the Research and Statistics Department (hereafter, the RSD) compiles and releases monetary statistics (Money Stock, Flow of Funds Accounts, etc.), price statistics (Wholesale Price Indexes, Corporate Service Price Indexes, etc.), and corporate statistics (Short-term Economic Survey of Enterprises in Japan <Tankan> ) (refer to appendix 1 for details).  Based on the understandings that "statistics are public goods," we are making every effort to provide "reliable statistics" as the statistics compilation section of the central bank.

The statistics compilation section of the RSD has released several explanations about the revisions and enhancements made to the statistics.  In this statement, we present the basic stance of the RSD in terms of collecting, compiling and releasing the statistics and summarize the revisions and enhancements of the statistics.

1. Collecting, compiling and releasing the statistics

We are currently faced with a growing number of issues as statistics providers.  The financial and economic structure has changed substantially and new information communications methods have been developed and spread quickly.  The environment surrounding monetary and economic statistics has also transformed rapidly.  Under these circumstances, demands are increasing, mainly from statistics users, to expand and improve the statistics as well as to enhance the convenience of using the statistics.  In addition, respondents are strongly requesting a reduction in the reporting burden and protection of the privacy of what they report1.  Accordingly, the basic stance of the RSD in terms of collecting, compiling and releasing the statistics is as follows.

  1. These points are already mentioned in the New Strategies for Government Statistical Services for the Coming Decade-Report of the Statistics Council (Statistics Council; released in March 1995).  The doukou-haaku-soukika-iinkai (committee to trace economic developments at an earlier stage), which is a private study group lead by the Director General of the Economic Planning Agency, has asked for an improvement in statistics to grasp economic developments at an earlier stage (keiki-doukou-no-soukihaakutou-ni-kansuru-konngo-no-kadai, future directions on grasping economic developments at an earlier stage).  In addition, the Keidanren (Federation of Economic Organizations) has made a proposal regarding government statistics to reduce the burden of respondents and improve users' convenience (Statement on Current Issues and Future Directions for Japanese Government Statistics, February 1999).

Provide accurate statistics: The recent financial and economic situation is changing rapidly.  In light of this, it has become extremely essential to provide accurate statistics that trace the conditions of the economy precisely.

Enhance the convenience for users: We release the statistics timely so that the users can grasp the economic situation at an early stage.  In line with this, we are endeavoring to provide statistics in various ways such as through our Internet web site, which provides access to a wide range of users.

Efficiency of collecting and compiling statistics: As the statistics compilation section, we scrap-and-build the statistics and statistical books reflecting the changes in the financial and economic conditions without delay.  In addition, we are also advocating an on-line system to collect statistics.  These procedures are important in order to attain efficiency in collecting and compiling statistics, such as reducing the reporting burden on respondents.

Tighten security: As for security measures of confidential material (figures before release, information on respondents), we are making the utmost efforts by restricting the number of staff members involved in compiling the statistics and limiting the access of people from outside the section.

Increase the transparency: The reliability of the statistics is enhanced by disclosing the entire process of collecting, compiling and releasing statistics, and the way in which the statistics are compiled.  Thus, we are clarifying the rules on releasing statistics, and disclosing the survey and estimating methods of the statistics.

Release statistics on a neutral basis: As the statistics compilation section of the central bank, it is important to take a neutral stance despite policy decisions.  So we do not add policy decisions and interpretations on releasing statistics.  "Providing statistics reflecting the financial and economic conditions accurately," and "enhancing the convenience of users" may contradict the guidelines of "lessening the reporting burden of respondents," and "efficiency of statistics compilation."  The RSD, however, revises and enhances the statistics while dealing with this contradiction.

2. Enhancement of the statistics

The RSD has been making various efforts to enhance the statistics.  The following sections explain these efforts in detail regarding collecting, compiling, and releasing the statistics, along with the revisions and enhancements made to the statistics until today.

(1) Providing accurate statistics

(Provide accurate statistics reflecting the changes in the financial and economic structure)

It is extremely essential to provide statistics that trace the condition of the economy accurately, especially under the recent rapid change in the financial and economic situation.

As for monetary statistics, various statistics such as Money Stock Statistics2 are revised at all times such as changing the range of financial institutions, the financial statistics survey sheets, and the survey items in order to reflect the financial structure precisely.  In addition, the Flow of Funds Accounts Statistics, which provide a comprehensive grasp of the financial structure and activities in Japan, was revised substantially for the first time in 40 years to incorporate the changes in the financial situation3.  Furthermore, we have started compiling and releasing the "Deposits of Japanese Residents at Overseas Branches of Private Financial Institutions" along with the revisions of the Foreign Exchange and Foreign Trade Law (April 1998).

  1. 2 As for statistics on Money Stock, the number of respondents has been increased (Japanese branches of foreign banks, foreign capital trust banks) from the figures of April 1998.  In line with banks starting the issuance of CP's, figures from April 1998 include CP's issued by financial institutions as a classification of broadly-defined liquidity (the seasonally adjusted year-to-year growth rate was switched to the new basis from April 1999).  For further details, please refer to the Revision of the Definitions of Money Stock Components (released on April 16, 1999; to be published in the Bank of Japan Quarterly Bulletin, August 1999 issue).
  2. 3 Please refer to the Revision of Japan's Flow of Funds Accounts Statistics (released on June 18, 1999; to be published in the Bank of Japan Quarterly Bulletin, August 1999 issue) and Guide to Japan's Flow of Funds Accounts (released on June 18, 1999, available in Japanese, English version to be released soon) for details on the revision of the Flow of Funds Account.

As for price indexes statistics, the present problems with the statistics will be addressed at the next rebasing.  Corporate Service Price Indexes (hereafter, the CSPI) will be revised in terms of the grouping and selection of services when the base period will change from 1990 to 1995 at the end of this year4.  As for Wholesale Price Indexes (hereafter, the WPI) and the Input-Output Price Indexes of Manufacturing Industry by Sector(hereafter, the IOPI), plans are being made for substantial revisions such as changing the title of the indexes (the WPI) and a fundamental revision of the compiling method (the IOPI)5 at the next revision.

  1. 4 The revision of the grouping and selection of services of the CSPI will put emphasis on the emergence of new services and the varying of existing services due to the easing of restrictions and the technological innovations that have progressed rapidly in recent years.
  2. 5 Please refer to the Present Condition and Revision Plan of the Wholesale Price Indexes (released on March 26, 1999, available only in Japanese) for details on the revisions of the WPI and the IOPI.  The next rebasing for the WPI will be conducted during 2002, and that for the IOPI will be conducted during 2000.

The Short-term Economic Survey of Enterprises in Japan (Tankan) has been reviewed to trace the precise business conditions of Japanese enterprises.  From the March 1999 survey, the All Enterprises Tankan, a sample survey, the population of which is based on the Establishment and Enterprise Census of Japan (Management and Coordination Agency), has been revised to enhance the statistical accuracy.  In terms of enterprises by scale, we used to compare the Principal Enterprises Tankan and the Small firms of the All Enterprises Tankan.  From the March 1999 survey, however, we will compare the data by scale (large, medium, and small enterprises) of the All Enterprises Tankan.  (Consequently, the Principal Enterprises Tankan is regarded only as a reference index.)  Moreover, business plans of enterprises tend to be decided later than before.  Thus, in order to enhance the accuracy of the statistics by incorporating these decisions, the Tankan has changed the period of collecting and releasing the figures (before the March 1997 survey, surveys were conducted in February, May, August, and November, whereas these are now conducted in March, June, September, and December).

(Improvements from the view point of the statistical theory)

From the statistical point of view, it is vital to enhance the statistical accuracy in order to provide statistics that reflect economic conditions accurately.

In the sample design of the All Enterprises Tankan, from the March 1999 survey the statistical accuracy has been enhanced further6.  This is because detailed information on population enterprises has become obtainable (the number of employees by enterprise), making it possible to conduct a close statistical examination while keeping the number of sample enterprises as few as possible.  The WPI adopts the Laspeyres index, which is the weighted arithmetic mean based on the fixed weight derived from the base period.  This index has the problem that "when there is an alternative among different products, a demand shift normally occurs from the more expensive product to the less expensive product, and this change in the weight composition is not reflected at all."  Therefore, figures from April 1998 are also compiled for weighted geometric mean indexes7, taking the demand shift into consideration, and these figures are released as reference indexes.

  1. 6 As for the sample design of the All Enterprises Tankan, please refer to the Methodology of the Sampling and Aggregation of the All Enterprises Tankan (released on May 31, 1999, available in Japanese. English version to be published soon).  Details on the revisions of the Tankan from March 1999 are available in the Revisions of the Short-term Economic Survey of Enterprises in Japan (Tankan, an abbreviation of Tanki Keizai Kansoku Chousa), (released on December 24, 1998; published in the Bank of Japan Quarterly Bulletin, February 1999 issue).
  2. 7 For details on the weighted geometric mean indexes, please refer to the Release of a Reference Wholesale Price Index Using a Geometric Mean Formula, (published in the Bank of Japan Quarterly Bulletin, August 1998 issue).

The RSD has been adopting the latest seasonal adjustment program X-12-ARIMA since 1996, and uses this when compiling statistics.  X-12-ARIMA is conducted by using the statistical method of "ex ante adjustments," which estimates and excludes the outlier and the calendar factors in the data prior to the actual seasonal adjustments.  It is also includes an "ex post diagnosis" that checks whether the seasonal factors are excluded or not after the actual seasonal adjustment. It is likely that the seasonally adjusted series is more stable than that of X-11.

(2) Enhancing the convenience of users

(Attaining an earlier release of the statistics)

It is our priority to release accurate statistics timely.  In the past few years, we have been trying to release statistics earlier by revising the entire workflow from collecting and releasing the statistics through the following four measures (refer to appendix 1).  (1) Moving up the date of collecting the data with the understanding of respondents; (2) transforming the method of collecting statistics from paper format to an on-line basis8; (3) revising the method of compiling statistics comprehensively9; (4) basically releasing the data on the next business day (8:50a.m.) after the statistics are compiled, and not providing any analyses or explanations regarding the statistics within the Bank prior to release.

  1. 8 The figure checking procedure was reduced significantly by inputting a function to check figures in the on-line software, when switching to collecting figures on-line.
  2. 9 As for the Flow of Funds Accounts Statistics, instead of waiting for the release of the final figures of primary statistics, it has become possible to release figures three months earlier from the fourth quarter of 1997 by releasing figures on a preliminary basis.

Statistical books are also published much earlier due to efforts made to compile the books faster.  The date of publication for the Financial and Economic Statistics Monthly10 is five business days earlier from the April 1999 issue.  Hereafter, it is basically published during the month (the Monthly will continue to be released the following month for May and November when figures are reported later compared to the usual months and possibly for February and September due to calendar factors).  In addition, the Tankan (The Comprehensive Data Set of the Survey) is published two weeks earlier from the March 1999 Tankan, and the Price Indexes Monthly 8 to 9 days earlier from the April 1999 issue.

  1. 10 The Economic Statistics Monthly has changed its name into Financial and Economic Statistics Monthly from the April 1999 issue as the data published are mainly financial related.  As for the data published, the financial-related data are increasing further while the real economy related data, for which the frequency of usage is low, are discontinued.  For details, please refer to the Revision of the Economic Statistics Monthly (released on March 29, 1999).

(Various methods of providing the statistics)

We are making efforts to provide statistics in various ways such as in electronic data format to enhance the convenience of users.  We provide the statistics through the following 7 methods.

  1. a) publishing released materials on the Internet web site (from November 1996)
  2. b) explaining and distributing the released materials to the press
  3. c) distributing released materials at the Public Relations Department and at the information service corner
  4. d) providing released materials via fax services (from July 1995)
  5. e) publishing the statistics in the Financial and Economic Statistics Monthly, Price Indexes Monthly, and the Tankan (The Comprehensive Data Set of the Survey)
  6. f) providing data via CD-ROM (publication from the 1997 edition)
  7. g) providing data through magnetic tapes

As for the Internet web site, we are planning to use this "as a way of providing the released materials to a wide range of users equally" and will advocate this as a means of releasing material11.  From this viewpoint, we are currently preparing to expand a download corner within the Internet web site for users by the end of the fiscal year.  Users will be able to download a long-term time-series data of 25,000 series (statistics compiled at the Bank of Japan including those published in the Financial and Economic Statistics Monthly, Price Indexes Monthly, and Tankan <The Comprehensive Data Set of the Survey>)12

  1. 11 The Internet web site of the Bank of Japan includes the Reports and Statistics corner, and the download corner.
  2. 12 Reflecting this preparation, figures published in the Financial and Economic Statistics Monthly will be released earlier (eg. Deposits, Loans and Discounts Outstanding of financial institutions).

(3) Enhancing the efficiency of statistics compilation and the process of collecting statistics

(Discontinuation and rationalization of statistics/statistical books, and revisions of survey items)

In line with the changes in the financial and economic structure, it has become increasingly important to collect data that traces the economic conditions without delay.  At the same time, it has also become imperative to discontinue or simplify the statistics and statistical books that can be replaced with other statistics.  In light of this, we have discontinued the compilation of some statistics and statistical books, and reduced the frequency of compiling certain statistics (refer to appendix 2).  Furthermore, we are also advocating the change and discontinuation of survey items so as to conform to the changes in the financial and economic conditions.

Not only the needs of users but also the reporting burden of respondents and the burden of collecting and compiling the statistics are considered when reorganizing the statistics, statistical books, and survey items.  The general rule is, of course, to promptly collect and release statistics judged to be necessary in order to grasp the economic conditions.  In this case, we are trying to balance the cost of compiling the statistics and the benefits obtained from tracing the economic conditions.

(Collecting data from financial institutions via an on-line system)

We have started collecting figures from financial institutions on-line from spring 1998 in addition to the reports submitted in paper format (we are taking the utmost care in terms of security, so an original router secured via access passwords has been connected to the financial institutions along with the introduction of the on-line system).  As a result, we collect the Deposits, Loans and Discounts Outstanding and related figures from about 80 percent of domestically licensed banks (143 banks out of 172 banks), and all shinkin banks through the Zenshinren bank via the on-line system.

We will collect Deposits, Loans and Discounts Outstanding and related figures on-line from nearly 90 percent of domestic banks by autumn 1999.  Prefectural monetary statistics began to be collected through the on-line system from the June-end figures, which will be published in August 1999.  Through this procedure, the RSD will basically finish the expansion of the on-line system in terms of collecting figures from financial institutions.

If we try to collect figures from enterprises for the Tankan and price indexes statistics, we can only use open network systems such as the Internet web site as there are too many respondents.  For the time being, the on-line system will not be used owing to the many problems that still need to be solved in terms of maintaining confidentiality.  In the future, we would like to adopt such a system along with the improvements in code technology.

(4) Tightening security

As for confidential information (survey results before release, figures of individual respondents13), we are taking the utmost care so that the materials do not leak out from the section where the statistics are compiled.  There is a statistics compilation rule for each group.  This rule restricts the number of staff members involved in statistics compilation and limits the access of people from outside the section.

  1. 13 In order to protect the privacy of respondents, the RSD is taking the utmost care so that users cannot identify the respondent just by the figures.

Under the statistics compilation rule, people in charge of handling the statistic is chosen for each statistic. Then the staff member in charge locks the statistics (in paper format) in a safe, and secures it via access passwords in an electronic media format (refer to appendix 3 for the staff members allowed access to prior-release figures and material).  The rule also restricts the access of outsiders into the statistics compiling section.

(5) Enhancing the transparency in terms of collecting, compiling, and releasing the statistics

(Stance on releasing the collected and compiled figures)

Collected figures, excluding those under tight security such as individual information of respondents, are basically released after some kind of aggregation.  Under this rule, we do not collect (we will discontinue collecting those that are already collected) unnecessary figures for compiling and releasing statistics so as to reduce the reporting burden of respondents, and compile statistics efficiently.

(Rules on releasing statistics)

In order to enhance the transparency, we have clarified the schedule for releasing statistics.

The release schedule for statistics and statistical books compiled at the RSD are released through the Internet web site and announced to the press.  Schedules for the next six months are released from the middle to the end of March, June, September, and December (for April to September, July to December, October to the following March, and the following March to June respectively).  (Refer to appendix 4; the release dates of major statistics used to be announced 4 weeks prior to release.)

All major statistics are released at 8:50 a.m. from November 1996 just before the financial, currency exchange, and stock markets open14.

  1. 14 The release time of major statistics has been moved up consecutively from 11:00 a.m. in August 1996 to 8:50 a.m. in November 1996 (Before August 1996, the release time was 2:00p.m. for the Tankan, 5:45p.m. for Money Stock, and either 4:00p.m. or 5:45p.m. for price indexes statistics.)

(Retroactive corrections of released data)

In cases when an error is found in the released data, we compile and release the corrected figures promptly.  Corrected figures are released via the Internet web site and distributed to the press.

(Disclosure of survey and estimating methods of the statistics)

In order to clarify the process of compiling statistics, we release information on statistics compiled at the RSD (purpose of survey, survey items, coverage, survey method, aggregating method, estimating method, etc.)

As for the Tankan, the Methodology of the Sampling and Aggregation of the All Enterprises Tankan was released on May 31, 1999 (available in Japanese, English version to be published soon).  This explains the sampling design method and the aggregating method of the All Enterprises Tankan.  From the March 1999 survey, the actual figures of the All Enterprises Tankan (population estimates) and the number of valid responses for each item are released at each survey.  The WPI also releases the actual price researching method and the index compiling method, along with a notice on usage (Present Condition and Revision Plan of the Wholesale Price Indexes, released on March 26, 1999; available only in Japanese).

The Flow of Funds Accounts Statistics released figures on a new basis from the 1999 March-end figures (released on July 1, 1999).  This new basis is explained, like that of Tankan, in the Guide to Japan's Flow of Funds Accounts (released on June 18, 1999; available in Japanese, English version to be published soon).  Detailed material regarding estimating methods will also be released in the future.

(Incorporating public comments into the revisions)

The RSD releases summaries of the revision of statistics beforehand.  Additionally, we call for public comments according to the scale and importance of the revision.  The transparency of the revisions of the statistics will be maintained through this procedure.

From the March 1999 Tankan, statistics are released on the new basis.  As for this revision, after the release of the summary of the revision at the end of December 1998 (this was released straight after the December 1999 Tankan), information regarding the new basis statistics was announced before the March 1999 Tankan was released15.  This is to avoid confusion among users due to the revision of the statistics.  Summaries of the major revisions to the Flow of Funds Accounts16 and price indexes statistics17 were released beforehand.  Public comments from economists and statistics users concerning the revision of the statistics are also taken into consideration.

  1. 15 A sample pattern of the new release form of the Tankan was released in mid-February, and the data comparison between the pre- and post-revision of the Tankan was released in mid-March.
  2. 16 The summary of the revision of the Flow of Funds Accounts statistics was released in the Bank of Japan Quarterly Bulletin, August 1997 issue.  The final draft, incorporating the results obtained from public comments, was also released in the Bank of Japan Quarterly Bulletin, November 1998 issue.
  3. 17 Guidelines for the WPI, and the IOPI were released in the above Present Situation and Revision of the Wholesale Price Indexes, including the present problems with the statistics and the rebasing, which will be conducted in line with the revisions.  The RSD is inviting public comments regarding these statistics as well.

(6) Neutral stance on releasing surveys

As the statistics compilation section of the central bank, a neutral stance is imperative regardless of policy judgements when releasing statistics.  Therefore, we only accept questions (including questions at press conferences) related directly to the statistics themselves (questions such as since when such a growth rate occurred or if there are any changes in the statistics caused by irregular factors).  We do not add any policy judgements or interpretations regarding the released statistics.

This may give the impression of being impolite, but "interpretations of the statistics should be made by the market at first" which results in various interpretations on the statistics.  This will also enhance the quality of Japan's markets.

Interpretations of newly released statistics and judgements on the financial and economic situation are presented to the public through the Monthly Report of Recent Economic and Financial Developments and at press conferences by the Governor based on decisions determined at the Monetary Policy Meetings of the Policy Board.  This is the most transparent way to express the judgements of the Bank regarding the interpretations on the statistics against the background of financial and economic conditions.

(Outlook)

The financial and economic structure of Japan and information technologies are likely to change further.  In these circumstances, there are many outstanding issues regarding statistics compiled at the RSD.  These include a further enhancement and expansion of monetary statistics, changes in the organizational structure of enterprises and financial institutions (establishing holding companies and splitting companies up), and in accounting standards (the change from individual settlement to consolidated settlement), as well as connecting responding enterprises on-line for the Tankan and price indexes statistics.

The RSD has indicated its basic stance in section 1 of this paper (1. Collecting, compiling and releasing the statistics) in order to enhance the statistics.  Under this stance, we will revise the statistics by incorporating the changes in the economic and financial environment in advance.  We will also present summaries of the revisions beforehand, and reflect the needs of users as much as possible by inviting public comments.


Appendix 1

Timing of Releases and Previous Advances of Release Dates
Title Frequency of release Release timing
(as of the end of July 1999)
Release date from the final day to compile statistics Previous advances of release dates
Short-term Economic Survey of Enterprises in Japan (Tankan) Quarterly March; beginning of April
June; beginning of July
September; beginning of October
December; middle of December
Same day Aug 1996; About 1 week earlier
Money Stock Monthly The 12th business day in the next month Next business day Aug 1996; 1 business day earlier
Aug 1997; 1 business day earlier
Monetary Base Monthly The 2nd business day in the next month Next business day Jan 1999; About 3 weeks earlier
Apr 1999; About 1 week earlier
Deposits of Japanese Residents at Overseas Branches of Private Financial Institutions Monthly The 8th business day in the next month Next business day (Released from June 1998.)
Flow of Funds Accounts Quarterly The end of the 3rd month after 2 or 3 business days after Mar 1998; About 3 months earlier
Deposits, Loans and Discounts Outstanding (Amount of Deposits by Depositor; Loans and Discounts Outstanding by Industry, and others) Quarterly The 12th business day in the month after next Next business day May 1997; About 6 business days earlier
Sep 1998; 2 business days earlier
Amount Outstanding of Deposits by Depositor (Excludes Financial Institutions' Deposits etc.) Monthly The 12th business day in the month after next Next business day (Released from Apr 1999.)
Loans and Discounts Outstanding by Sector Monthly The 12th business day in the month after next Next business day (Released from Apr 1999.)
Deposits, Loans and Discounts Outstanding Monthly The 12th business day in the month after next Next business day (Released from July 1999.)
Deposits, Loans and Discounts Outstanding by Prefecture Monthly The 12th business day in the month after next Next business day Apr 1999; About half a month earlier
Loans and Discounts Outstanding by Prefecture Annual About the end of the month after next Next business day May 1999; About half a month earlier
Wholesale Price Indexes (WPI) Monthly The 6th business day in the next month Next business day Aug 1996; About 6 business days earlier
Every ten days The 5th business day in the next 10 days Next business day  
Corporate Service Price Index (CSPI) Monthly The 3rd business day after the 21st* of the next month Next business day Aug 1996; About 5 business days earlier
Input-Output Price Indexes of Manufacturing Industry by Sector (IOPI) Monthly The 3rd business day after the 11th* of the next month Next business day Nov 1998; 4 business days earlier

Note : Timing of releases may change due to irregular factors.

  • If the 11th or the 21st is a holiday, the release date timing is counted from the next business day.

Appendix 2

Recent Discontinuation of Some Statistics and Statistical books, and Reduction of the Frequency of Compiling Statistics

<Statistics>

  • Termination of the "Personal Savings" data; the last data were for September 1997 and the data were incorporated into the "Flow of Funds Accounts".
  • Reduction of the frequency of compiling "Loans and Discounts Outstanding"; All Japan basis changed from monthly to quarterly and prefecture basis changed from semiannual to annual after fiscal 1998.
  • Termination of the "Amount of Deposits by Depositor (by term)"; which are the same as statistics compiled by Bank Supervision Department after June 1998.

<Statistical books>

  • Termination of the " Shuyou Kigyou Keiei Bunseki (Analysis of Financial Statements of Principal Enterprises)"; the last issue was fiscal 1995 (published in October 1996).
  • Termination of the "Economic Statistics Annual by Prefecture"; the last issue was 1996.
  • Termination of the "Economic Statistics Annual"; the last issue was 1997. The long-term time-series data are available on CD-ROM.
  • Termination of the "Financial Markets"; the last issue was December 1998, and the main data are available on the internet web site.
  • Termination of the "Price Indexes Annual"; the last issue was 1998.
  • Reduction of the frequency of compiling the "Toukei Binran (Statistics Handbook)"; after October 1998, changed from monthly to quarterly.
  • Reduction of the frequency of compiling the "Main Economic Indicators of Japan"; after July 1998, changed from monthly to quarterly.

Appendix 3

People who can Access Statistics Before Publication
Title People in Charge The Chief Manager of the Division in Charge The Director and the Adviser of the Department For Press Briefings
Money Stock

(The Chief Manager of the Division in Charge)
Flow of Funds Accounts
Wholesale Price Indexes (WPI)
Corporate Service Price Index (CSPI)
Short-term Economic Survey of Enterprises in Japan (Tankan)
(The Director of the Department and the Chief Manager of the Division in Charge)
Other statistics compiled by the Research and Statistics Department*    
  • See Appendix 1

Appendix 4

June 30, 1999
Research and Statistics Department
Bank of Japan

Schedule for releases and publications of the Research and Statistics Department's statistics: from July to December 1999

(Statistics)
  July August September October November December
Short-term Economic Survey of Enterprises in Japan (Tankan) (1) (June Survey)
5 (Mon)
- - (September Survey)
4 (Mon)
- (December Survey)
13 (Mon)
Money Stock (Preliminary Figures) (For June)
16 (Fri)
(For July)
17 (Tue)
(For August)
17 (Fri)
(For September)
19 (Tue)
(For October)
17 (Wed)
(For November)
16 (Thu)
Monetary Base (Preliminary Figures) (2) (For June)
2 (Fri)
(For July)
3 (Tue)
(For August)
2 (Thu)
(For September)
4 (Mon)
(For October)
2 (Tue)
(For November)
2 (Thu)
Deposits of Japanese Residents at Overseas Branches of Private Financial Institutions (For May)
12 (Mon)
(For June)
11 (Wed)
(For July)
10 (Fri)
(For August)
13 (Wed)
(For September)
11 (Thu)
(For October)
10 (Fri)
Preliminary Estimates of Flow of Funds Accounts (For 1st Quarter)
1 (Thu)
- (For 2nd Quarter)
30 (Thu)
- - (For 3rd Quarter)
28 (Tue)
Flow of Funds Accounts (3) - - (For 1st Quarter)
21 (Tue)
- - (For 2nd Quarter)
20 (Mon)
Deposits, Loans and Discounts Outstanding (Amount of Deposits by Deoistor, Loans and Discounts Outstanding by Industry, and others) (4) - (For the end of June)
17 (Tue)
- - (For the end of September)
17 (Wed)
-
Amount Outstanding of Deposits by Depositor (Excludes Financial Institusions' Deposits etc.) (4) (For May)
16 (Fri)
(For June)
17 (Tue)
(For July)
17 (Fri)
(For August)
19 (Tue)
(For September)
17 (Wed)
(For October)
16 (Thu)
Loans and Discounts Outstanding by Sector (4) (For May)
16 (Fri)
(For June)
17 (Tue)
(For July)
17 (Fri)
(For August)
19 (Tue)
(For September)
17 (Wed)
(For October)
16 (Thu)
Deposits, Loans and Discounts Outstanding (4) (5) (For April, May)
16 (Fri)
(For June)
17 (Tue)
(For July)
17 (Fri)
(For August)
19 (Tue)
(For September)
17 (Wed)
(For October)
16 (Thu)
Deposits, Loans and Discounts Outstanding by Prefecture (4) (For May)
16 (Fri)
(For June)
17 (Tue)
(For July)
17 (Fri)
(For August)
19 (Tue)
(For September)
17 (Wed)
(For October)
16 (Thu)
Loans and Discounts Outstanding by Prefecture (4) (6) - - - - - -
Wholesale Price Indexes Monthly Index (For June)
8 (Thu)
(For July)
9 (Mon)
(For August)
8 (Wed)
(For September)
8 (Fri)
(For October)
9 (Tue)
(For November)
8 (Wed)
First Ten Days Index (4) (For the 1st ten days of July)
16 (Fri)
(For the 1st ten days of Aug.)
17 (Tue)
(For the 1st ten days of Sep.)
20 (Mon)
(For the 1st ten days of Oct.)
19 (Tue)
(For the 1st ten days of Nov.)
17 (Wed)
(For the 1st ten days of Dec.)
17 (Fri)
Second Ten Days Index (4) (For the 2nd ten days of July)
27 (Tue)
(For the 2nd ten days of Aug.)
27 (Fri)
(For the 2nd ten days of Sep.)
28 (Tue)
(For the 2nd ten days of Oct.)
27 (Wed)
(For the 2nd ten days of Nov.)
29 (Mon)
(For the 2nd ten days of Dec.)
28 (Tue)
Corporate Service Price Index (For June)
23 (Fri)
(For July)
25 (Wed)
(For August)
24 (Fri)
(For September)
25 (Mon)
(For October)
25 (Thu)
(For November)
24 (Fri)
Input-Output Price Indexes of Manufacturing Industry by Sector(4) (For June)
14 (Wed)
(For July)
13 (Fri)
(For August)
16 (Thu)
(For September)
15 (Fri)
(For October)
15 (Mon)
(For November)
15 (Wed)
  • -- Because our statistics should be released immediately after the compilation is completed, the issue date may be delayed in case of a contingency such as an unexpected system interruption. In principle, all the statistics will be released at 8:50 a.m. If the schedule is changed, the notification will be released on the Bank's web site.
  • -- "Schedule for releases and publications of the Research and Statistics Department's statistics: from October 1999 to March 2000" will be released on September 30, 1999.

Notes:

  1. (1) Regarding the Tankan, the schedule above is for the Tankan Summary and Tankan Outline. Tankan Figures by Industry, available only in Japanese, will be released on the following day.
  2. (2) Data are released in the "Files for Downloading (Long-term time-series data)" section of the Bank's web site.
  3. (3) Data are released in the "Files for Downloading (Reports and research papers)" section of the Bank's web site.
  4. (4) Available only in Japanese
  5. (5) Newly compiled statistics
  6. (6) Annual Data
(Statistical Books)
  July August September October November December
Financial and Economic Statistics Monthly (July Issue)
29 (Thu)
(August Issue)
27 (Fri)
(September Issue)
30 (Thu)
(October Issue)
29 (Fri)
- (November Issue)
8 (Wed)
Price Indexes Monthly (June Issue)
16 (Fri)
(July Issue)
20 (Fri)
(August Issue)
17 (Fri)
(September Issue)
19 (Tue)
(October Issue)
17 (Wed)
(November Issue)
16 (Thu)
TANKAN: The Comprehensive Data Set (June Survey)
9 (Fri)
- - (September Survey)
8 (Fri)
- (December Survey)
17 (Fri)
  • -- Regarding statistical books, the issue date may also be delayed. If the schedule is changed, the notification will be released on the Bank's web site.