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Data Change: Japan - GDP(E) - Re-referenced to 2011
Tuesday, 03 Jan 2017 19:06 ET
By Annie Kao, Jacky Cheung
Summary
December 2016 -- As part of a benchmark revision of national accounts, the source has advanced the currency reference year from 2005 to 2011, impacting the expenditure approach to GDP (123 quarterly series 1980-2016, replaced by 112 from 1994).
Detail

In response, we have archived the predecessors (reference year 2005, 1980Q1 to 2016Q3) by renaming with an "_05" specifier, by marking metadata as "discontinued," and by segregating in the catalog. The replacements (reference 2011) start as early as 1994Q1 and have standardized mnemonics. Figures are billions of nominal Japanese yen (Bil. JPY), billions of chained year-2011 yen (Bil. Ch. 2011 JPY), billions of nominal U.S. dollars (Bil. USD), or deflators (Index 2011=100). For some of the measurements, there are alternative presentations as unadjusted (NSA) or seasonally adjusted at an annual rate (SAAR).

The series reside in the historical catalog (Japan » National Accounts » By expenditure » Reference year 2011 | Reference 2005 [DISCONTINUED]) and include, for example:

  • NACEEX_05AQ.IJPN = [DISCONTINUED] Goods & Services - Export, (Bil. 2005 JPY, SAAR)
  • NALER_05AQ.IJPN  = [DISCONTINUED] Income from the Rest of the World, (Bil. JPY, SAAR)
  • NAIDDD_05UQ.IJPN = [DISCONTINUED] Domestic Demand - Deflator, (Index 2005=100, NSA)
  • NACEGFCFUQ.IJPN  = Gross fixed capital formation, (Bil. Ch. 2011 JPY, NSA)
  • NALECIHNAQ.IJPN  = Change in private inventories, (Bil. JPY, SAAR)
  • NANEGDPAQ.IJPN   = Gross domestic product, (Bil. USD, SAAR)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that:

We have standardized the mnemonics of the replacements, so they do not parallel the predecessors. If you wish to splice the reference-2005- and -2011 sets, you will need to carefully pick them from the catalog.

The "GDP (Expenditure Approach) and Its Components" tabulation by ESRI has a layout that doesn't fully adhere to international standards. We have arranged our 2011 catalog (order and indentation) to make the following additive identities apparent:

  • Gross national income (GNI) = GDI + NFFI
  • Gross domestic income (GDI) = GDP + Trading gains/losses
  • Gross domestic product (GDP) = Domestic demand + Net exports of goods and services
  • Gross fixed capital formation (GFCF) is a regrouping of items from private and public demand.
  • Net income from/to the rest of the world (ROW) is also known as net foreign factor income (NFFI) or net factor income from abroad (NFIA).
Other
Related ReleaseSNA (National Accounts of Japan) [GDP]
SourceEconomic and Social Research Institute - Japan
FrequencyQuarterly
GeographyJapan
Catalog
Upcoming
Release DateReference date
09 May 20241Q 2024
09 Jun 20241Q 2024