Page 408 - Invited Paper Session (IPS) - Volume 1

IPS173 Yuki U.
One of its recent developments, for instance, is in the annual business
register, which provides, every year, information and an up-to-date database
of all establishments and enterprises in Japan, the results of which are used to
compile accurate economic statistics.
8
With more frequent selection of samples from a population using stratified
sampling, the Tankan will more accurately capture changes in population
enterprises and their business models in a more timely manner, including
those changes occurring via the entry of foreign enterprises into the domestic
market. By reflecting those changes upon selecting sample enterprises, and
maintaining high statistical accuracy, the Bank will be able to more accurately
represent the business activities of enterprises in Japan.

4. Concluding Remarks
In this paper, challenges to capture changing business trends in a timely
manner have been discussed. With enterprises expanding their overseas
business activities, their domestic strategies are likely moving from a non-
consolidated basis to a consolidated basis. However, the Tankan as it is,
conducts surveys on a non-consolidated basis in order to accurately assess
domestic economy, its main aim. To capture changes in business trends more
accurately and timely, it is increasingly important to include overseas business
activities in the survey.
The revisions, introduction of a new survey category regarding overseas
business activities, the addition of R&D investment to the survey items, and
enhancement of the exchange rate survey, allow the Bank to more accurately
capture the business environment of enterprises in Japan as well as those
overseas business activities, enabling users of the Tankan to analyze the
linkages between changes in domestic business activities and overseas
business activities in a timely manner. Along with further considerations for
more frequent sample extraction through stratification, the Tankan will be able
to capture changes in domestic economy more accurately and in a more timely
manner.

8 For further details about the business register, please refer to Ministry of Internal Affairs and
Communications and the Ministry of Economy,
https://www.stat.go.jp/english/data/jsdb/index.html.
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