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Revision of Compilation Methodology for Balance of Payments Statistics on Travel in Japan

July 14, 2003
Bank of Japan
International Department

Introduction

The Ministry of Finance (MOF) and the Bank of Japan (BOJ) reviewed the methodology compiling balance of payments (BOP) statistics on travel in Japan mainly in order to enhance coverage on the consumption of foreign travelers. The new method reflects results of a newly conducted survey of visitors from abroad on the amount of yen brought into and taken out of Japan and so forth. We introduced the new methodology for final figures from the January-March quarter of 2003 and preliminary figures for May 2003. The background and details of the revision are explained in this paper.