FATS Statistics

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FATS Statistics

• Producing Statistics for Broadly-Defined Trade in
  Services

Tetsuma Arita (Bank of Japan) Eika Yamaguchi
(Bank of Japan)
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Summary

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

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1. Outline of FATS Statistics

• FATSForeign 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-nonresi
  dent transaction.

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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

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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.

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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

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Ms. Eika Yamaguch says to you I appreciate the
member of committees heartiness