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COMPREHENSIVE REVISION OF JAPANESE NATIONAL ACCOUNTS: UPDATE ON JSNA. Working Party on National Accounts, OECD, Paris 25-28 October, 2011 Kosuke SUZUKI Department of National Accounts Economic and Social Research Institute Cabinet Office of Japan.
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COMPREHENSIVE REVISION OF JAPANESE NATIONAL ACCOUNTS: UPDATE ON JSNA Working Party on National Accounts, OECD, Paris 25-28 October, 2011 Kosuke SUZUKI Department of National Accounts Economic and Social Research Institute Cabinet Office of Japan
OVERVIEW OF THE NEXT COMPREHENSIVE REVISION (1) • Benchmark revision • Quinquennial revision, which incorporates some major source data (I-O tables, Population Census, etc.) • Next benchmark revision due out in this winter will be implemented with “comprehensive revision.” • Enhancing international comparability • Improvement in usability (provide more useful data)
OVERVIEW OF THE NEXT COMPREHENSIVE REVISION (2) • What kind of improvement? • Public/private delineation • SNA08 guideline, such as the 50% criterion for market/non-market classification will fully be adopted. • Introduction of FISIM • Introduction of own-account software investment • Time-use survey for SEs and programmers was conducted. • Improvement in fixed assets estimation • More detailed government financial statistics • Other improvements
IMPROVEMENT IN STOCK ESTIMATION • Incorporation of PIM estimation into whole series • A new survey: “Survey on Capital Expenditure and Disposals” (CED, by type of asset and industry) • Disaggregated investment data for different types of assets by industry • Revision to depreciation rates by asset • Current price evaluation of CFC consistent with the stock data
PROVISIONAL ESTIMATES (1) • Depreciation rates (Source) Subcommittee on National Accounts, Statistics Commission of Japan
PROVISIONAL ESTIMATES (2) • Net fixed assets (Source) Subcommittee on National Accounts, Statistics Commission of Japan
PROVISIONAL ESTIMATES (3) • Own-account software investment (Source) Subcommittee on National Accounts, Statistics Commission of Japan
PROVISIONAL ESTIMATES (4) • Output of FISIM (Source) Subcommittee on National Accounts, Statistics Commission of Japan