Abstract
1. Statistical Issues: Economic and financial data provided to the Fund are considered adequate for surveillance purposes. Japan subscribes to the Special Data Dissemination Standard (SDDS) and meets the SDDS specifications for the coverage, periodicity, and timeliness of data. The Japanese authorities hosted a data module mission for a Report on the Observance of Standards and Codes (data ROSC) in September 12–28, 2005. The Report on Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (DQAF) were published March 17, 2006 and are available at http://www.imf.org/external/pubs/ft/scr/20 06/cr06115.pdf
I. STATISTICAL ISSUES
1. Statistical Issues: Economic and financial data provided to the Fund are considered adequate for surveillance purposes. Japan subscribes to the Special Data Dissemination Standard (SDDS) and meets the SDDS specifications for the coverage, periodicity, and timeliness of data. The Japanese authorities hosted a data module mission for a Report on the Observance of Standards and Codes (data ROSC) in September 12–28, 2005. The Report on Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (DQAF) were published March 17, 2006 and are available at http://www.imf.org/external/pubs/ft/scr/20 06/cr06115.pdf
Japan: Table of Common Indicators Required for Surveillance (as of June 8, 2011)
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC or the Substantive Update (published on May 17, 2006, and based on the findings of the mission that took place during September 2005) for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 7, except referring to international standards concerning (respectively) source data and its assessment, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies
Japan: Table of Common Indicators Required for Surveillance (as of June 8, 2011)
| Date of Latest | Date | Frequency | Frequency | Frequency | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Observation | Received | of Data6 |
of Reporting6 |
of Publication6 |
Data Quality - Methodological soundness7 |
Data Quality - Accuracy and Reliability8 |
|
| Exchange rates | June 2011 | June, 2011 | D | D | D | ||
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 |
5/31/2011 | 6/2/2011 | Every 10 days | Every 10 days | Every 10 days | ||
| Reserve/Base Money | May 2011 | June 2011 | M | M | M | LO, LO, LO, LO | O, O, O, O, O |
| Broad Money | May 2011 | June 2011 | M | M | M | ||
| International Investment Position | 2011 Q1 | June 2011 | Q | Q | Q | ||
| Central Bank Balance Sheet | 5/31/2011 | 6/2/2011 | Every 10 days | Every 10 days | Every 10 days | ||
| Consolidated Balance Sheet of the Banking System | Apr 2011 | June 2011 | M | M | M | ||
| Interest Rates2 | June 2011 | June 2011 | D | D | D | ||
| Consumer Price Index | May 2011 | May 2011 | M | M | M | O, LO, O, O | O, O, LO, O, O |
| Revenue, Expenditure, Balance and Composition of Financing3 - General Government4 |
2009 | Feb 2011 | A | A | A | O, LNO, O, O | LO, O, O, O, LO |
| Revenue, Expenditure, Balance and Composition of Financing3- Central Government |
2009 | Feb 2011 | A | A | A | ||
| Stocks of Central Government and Central Government- Guaranteed Debt5 |
Mar 2011 | May 2011 | Q | Q | Q | ||
| External Current Account Balance | Apr 2011 | June 2011 | M | M | M | O, O, LO, O | LO, O, O, O, O |
| Exports and Imports of Goods and Services | Apr 2011 | June 2011 | M | M | M | ||
| GDP/GNP | 2011 Q1 | May 2011 | Q | Q | Q | O, O, O, O, | LO, LO, O, O, LNO |
| Gross External Debt | Mar 2011 | June 2011 | Q | Q | Q | ||
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC or the Substantive Update (published on May 17, 2006, and based on the findings of the mission that took place during September 2005) for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 7, except referring to international standards concerning (respectively) source data and its assessment, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies
Japan: Table of Common Indicators Required for Surveillance (as of June 8, 2011)
| Date of Latest | Date | Frequency | Frequency | Frequency | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Observation | Received | of Data6 |
of Reporting6 |
of Publication6 |
Data Quality - Methodological soundness7 |
Data Quality - Accuracy and Reliability8 |
|
| Exchange rates | June 2011 | June, 2011 | D | D | D | ||
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 |
5/31/2011 | 6/2/2011 | Every 10 days | Every 10 days | Every 10 days | ||
| Reserve/Base Money | May 2011 | June 2011 | M | M | M | LO, LO, LO, LO | O, O, O, O, O |
| Broad Money | May 2011 | June 2011 | M | M | M | ||
| International Investment Position | 2011 Q1 | June 2011 | Q | Q | Q | ||
| Central Bank Balance Sheet | 5/31/2011 | 6/2/2011 | Every 10 days | Every 10 days | Every 10 days | ||
| Consolidated Balance Sheet of the Banking System | Apr 2011 | June 2011 | M | M | M | ||
| Interest Rates2 | June 2011 | June 2011 | D | D | D | ||
| Consumer Price Index | May 2011 | May 2011 | M | M | M | O, LO, O, O | O, O, LO, O, O |
| Revenue, Expenditure, Balance and Composition of Financing3 - General Government4 |
2009 | Feb 2011 | A | A | A | O, LNO, O, O | LO, O, O, O, LO |
| Revenue, Expenditure, Balance and Composition of Financing3- Central Government |
2009 | Feb 2011 | A | A | A | ||
| Stocks of Central Government and Central Government- Guaranteed Debt5 |
Mar 2011 | May 2011 | Q | Q | Q | ||
| External Current Account Balance | Apr 2011 | June 2011 | M | M | M | O, O, LO, O | LO, O, O, O, O |
| Exports and Imports of Goods and Services | Apr 2011 | June 2011 | M | M | M | ||
| GDP/GNP | 2011 Q1 | May 2011 | Q | Q | Q | O, O, O, O, | LO, LO, O, O, LNO |
| Gross External Debt | Mar 2011 | June 2011 | Q | Q | Q | ||
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC or the Substantive Update (published on May 17, 2006, and based on the findings of the mission that took place during September 2005) for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 7, except referring to international standards concerning (respectively) source data and its assessment, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies
II. FUND RELATIONS
(As of May 31, 2011)
I. Membership Status: Joined 8/13/1952;
Article VIII
II. General Resources Account:
| SDR Million | % Quota | |
|---|---|---|
| Quota | ||
| 15,628.50 | 100.00 | |
| Fund holdings of currency | ||
| 11,167.10 | 71.45 | |
| Reserve Tranche Position | ||
| 4,461.70 | 28.55 | |
| New Arrangements to Borrow | ||
| 7,070.37 | ||
| SDR Million | % Quota | |
|---|---|---|
| Quota | ||
| 15,628.50 | 100.00 | |
| Fund holdings of currency | ||
| 11,167.10 | 71.45 | |
| Reserve Tranche Position | ||
| 4,461.70 | 28.55 | |
| New Arrangements to Borrow | ||
| 7,070.37 | ||
III. SDR Department:
| SDR Million | % Allocation |
|---|---|
| Net cumulative allocation | |
| 12,284.97 | 100.00 |
| Holdings | |
| 12,834.67 | 104.47 |
| SDR Million | % Allocation |
|---|---|
| Net cumulative allocation | |
| 12,284.97 | 100.00 |
| Holdings | |
| 12,834.67 | 104.47 |
IV. Outstanding Purchases and Loans:
None
V. Latest Financial Arrangements:
None
VI. Projected Obligations to Fund:
None
VII. Exchange Rate Arrangement:
Japan maintains a free floating exchange rate regime. The exchange system is free of restrictions on the making of payments and transfers for current international transactions, with the exceptions of restrictions imposed solely for the preservation of national or international security that have been notified to the Fund pursuant to Executive Board Decision No. 144-(52/51).
VIII. Article IV Consultation:
The 2010 Article IV consultation discussions were held during May 10-19, 2010; the Executive Board discussed the Staff Report (IMF Country Report No. 10/211 and concluded the consultation on July 14, 2010. The concluding statement, staff report, staff supplement, selected issues paper, and PIN were all published.