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FATS Statistics

FATS Statistics. Producing Statistics for Broadly-Defined Trade in Services. Tetsuma Arita (Bank of Japan) Eika Yamaguchi (Bank of Japan). Summary. Outline of FATS Statistics Status of Development of Parallel Statistics in Japan Future Course of Action for FATS Statistics.

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FATS Statistics

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  1. FATS Statistics Producing Statistics for Broadly-Defined Trade in Services Tetsuma Arita (Bank of Japan) Eika Yamaguchi (Bank of Japan)

  2. Summary • Outline of FATS Statistics • Status of Development of Parallel Statistics in Japan • Future Course of Action for FATS Statistics

  3. 1. Outline of FATS Statistics • FATS=Foreign Affiliates Trade in Services → FATS illuminate the activities of the overseas affiliates of multinational corporations. → FATS complement to balance of payment statistics, which reflect only resident-to-nonresident transaction.

  4. Four Modes of Trade in Services • Mode 1 (Cross-border supply) ex) Use of foreign consulting by telephone • Mode 2 (Consumption abroad) ex) Visits to museums abroad • Mode 3 (Commercial presence) ← FATS ex) Provision of services through domestic branches of a foreign bank • Mode 4 (Presence of natural persons) ex) Entertainment services provided by foreign artists from abroad

  5. 2. Status of Development of Parallel Statistics in Japan • Survey of MIC (Ministry of Internal Affairs and Communications) → It provides an accurate measure of total employment • Surveys of METI (Ministry of Economy, Trade and Industry) → They are the closest to FATS statistics in terms of frequency, components, and level of aggregation. • Survey of Toyo Keizai Inc. → Its data aggregation limited to certain components only, rendering them more suite to use as lists.

  6. 3. Future Course of Action for FATS Statistics in Japan • The easiest way for Japan to create FATS • It would probably be to expand and to develop the existing statistical series • For future • It is desirable to establish a consultation for discussion involving both compliers and users of FATS statistics

  7. Ms. Eika Yamaguch says to you “I appreciate the member of committees’ heartiness”

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