tsg0502 10

Information about tsg0502 10

Published on October 9, 2007

Author: Arley33

Source: authorstream.com

Content

Compilation Methodology for Workers’ Remittances in Japan:  Compilation Methodology for Workers’ Remittances in Japan February 1, 2005 Eika Yamaguchi Balance of Payments Statistics Section Bank of Japan Definition of Residency:  Residency is the essential factor in the framework of BOP Temporary workers’ income can be recorded on Workers’ Remittances (WR) or Compensation of Employees (CE) Discrepancy derives from each country’s practice in determining residency of natural persons e.g. WR in Japan’s BOP ≒ CE in the Philippine BOP Definition of Residency Japan’s Definition of Residency:  Foreign Exchange and Foreign Trade Law takes into consideration not only the length of stay but also employment contract within host country, namely... From the moment a foreign worker enters the territory of Japan to work for an office, he/she is deemed resident. Japanese leaving for the purpose of working in an office located in a foreign country is considered nonresident from the departure date. Japan’s Definition of Residency Residency of natural persons:  Temporary workers (not including border workers) can be assumed to have center of predominant economic interests in the host country. issues to be discussed; (1/3) Will one-year rule for residency remain absolute in the era of globalization? If employment contract within dwelling places is used as a measure to judge workers’ residency, discrepancy between statistics would be reduced. Residency of natural persons Compilation methodology for WR in Japan:  Compilation methodology for WR in Japan Based on ITRS (International Transactions Reporting System) in principle Due to the high exemption threshold (currently 30 million JY), 35 major commercial banks are required to submit the partial reporting on transactions from 2 million up to 30 million JY on monthly aggregated basis. Those partial reporting is used to supplement ITRS Compilation methodology for regional WR in Japan:  Debit side: The methodology for the regional breakdown of WR was improved in the first half of 2004. The data source shifted from embarkation/disembarkation data to “statistics on the foreigners registered in Japan” Credit side: The data source is “Annual Report of Statistics on Japanese Nationals Overseas” Compilation methodology for regional WR in Japan Interview to remittance companies:  Interview to remittance companies Remittance companies are not required to report data in Japan According to the each agent bank of Western Union (WU) and Money Gram (MG) in Japan, estimated remittances from Japan via WU and MG are about 6 billion and 0.15 billion Yen respectively Since corresponding to only 4 % and 0.1 % of Japan’s WR payment in 2003, such volume is negligible in Japan Interview to remittance companies:  According to the agent bank of WU, the scale of their payments is approximately 60 times as large as that of their receipts According to the WU’s office in Tokyo, estimated annual market of remittance from Japan is 7.5 billion $, only 3 billion $ of which are assumed to be sent legally Interview to remittance companies Remitter in Japan’s WR:  Remitter in Japan’s WR Since the Alien Registration Law requires authorized status for foreigners to work in Japan, low-skilled labor is not the main remitter in Japan The common transactions in Japan’s WR are attributed to intra-company transferees Though assigned to posts abroad, most transferees working at multinational corporations are expected to go back to their original economy in several years. Data Collection based on ITRS:  Though both are to be recorded under Current Transfer, distinction between WR and donated transfer is difficult. issues to be discussed; (2/3) Are there user needs to distinguish WR and donated transfer? Despite implementation of BPM5, it is almost impossible to perfectly distinguish these two flows from our experiences. Data Collection based on ITRS Data Collection based on ITRS:  Distinction between WR and Migrants transfer is difficult. issues to be discussed; (3/3) Are there user needs to distinguish WR and Migrants transfer? If the initial remittance is recorded as direct investment (purchasing real estate) or other investment (deposits abroad), is it feasible to recognize Migrants transfer? Data Collection based on ITRS Conclusion:  Current definition of Workers’ remittances in BPM5 is desired to be clarified in the process of manual revision. For the purpose of the revision, both needs of politics and feasibility of data collection are to be fully examined. One-year rule for residency is also to be reviewed in line with the revision of BPM5. Conclusion

Related presentations


Other presentations created by Arley33

Cold Weather Safety
02. 01. 2008
0 views

Cold Weather Safety

TEN RULES OF FIREARM SAFETY
26. 02. 2008
0 views

TEN RULES OF FIREARM SAFETY

How to succeed
02. 10. 2007
0 views

How to succeed

The Internet Motion Sensor
07. 10. 2007
0 views

The Internet Motion Sensor

Xraydiffraction 2007
12. 10. 2007
0 views

Xraydiffraction 2007

CHM1222Chromatograph yTheory
16. 10. 2007
0 views

CHM1222Chromatograph yTheory

student chap21
17. 10. 2007
0 views

student chap21

Imperialism and World War I
22. 10. 2007
0 views

Imperialism and World War I

kr spam hacking status
11. 09. 2007
0 views

kr spam hacking status

tiger
11. 09. 2007
0 views

tiger

019
11. 09. 2007
0 views

019

atomsmoleculesandions
16. 10. 2007
0 views

atomsmoleculesandions

wipo ip mct 05 3
25. 10. 2007
0 views

wipo ip mct 05 3

Adam Smith Krestinskiy
26. 10. 2007
0 views

Adam Smith Krestinskiy

ROK CP
11. 09. 2007
0 views

ROK CP

R LANQUAR FEMIP
23. 10. 2007
0 views

R LANQUAR FEMIP

rmode potsdam04
15. 11. 2007
0 views

rmode potsdam04

how to spot a turkey
26. 11. 2007
0 views

how to spot a turkey

052407 Gascon
14. 12. 2007
0 views

052407 Gascon

15 whiteCWppt
22. 11. 2007
0 views

15 whiteCWppt

PPA724 queries
28. 09. 2007
0 views

PPA724 queries

IPv6 Forum World Congress Europe
07. 01. 2008
0 views

IPv6 Forum World Congress Europe

v short lcg
17. 10. 2007
0 views

v short lcg

click construct
02. 11. 2007
0 views

click construct

symp apr 02 page e
15. 10. 2007
0 views

symp apr 02 page e

Model PÃster horitzontal
16. 11. 2007
0 views

Model PÃster horitzontal

NTS 101
16. 02. 2008
0 views

NTS 101

ENG 40B DR Mathias P Point
20. 02. 2008
0 views

ENG 40B DR Mathias P Point

Nichols Schwartz 05 Bowenian
24. 02. 2008
0 views

Nichols Schwartz 05 Bowenian

swartz
17. 10. 2007
0 views

swartz

ON VECTOR 022707 final
19. 10. 2007
0 views

ON VECTOR 022707 final

EducationalPowerpoint
19. 11. 2007
0 views

EducationalPowerpoint

lectures256p3
07. 12. 2007
0 views

lectures256p3

W03 Late Ming 3 Lives b
26. 03. 2008
0 views

W03 Late Ming 3 Lives b

germany 1 27 05
07. 04. 2008
0 views

germany 1 27 05

EH HL3 MP TWG1
30. 03. 2008
0 views

EH HL3 MP TWG1

ustrans
10. 04. 2008
0 views

ustrans

CAP12PP2
13. 04. 2008
0 views

CAP12PP2

Dr Jongkon
14. 04. 2008
0 views

Dr Jongkon

WEBS0104
16. 04. 2008
0 views

WEBS0104

Deb Tairas presentation
17. 04. 2008
0 views

Deb Tairas presentation

silverman 06
19. 02. 2008
0 views

silverman 06

SAB EPEAT 050608
28. 04. 2008
0 views

SAB EPEAT 050608

Macsim Mihai
18. 03. 2008
0 views

Macsim Mihai

martes manyana 5a presentacion
28. 12. 2007
0 views

martes manyana 5a presentacion

korea otonwu06
11. 09. 2007
0 views

korea otonwu06

larsen jsm2003
29. 10. 2007
0 views

larsen jsm2003

PHYCS 199B Oct 29 2002
15. 10. 2007
0 views

PHYCS 199B Oct 29 2002

Ryan Henry
23. 12. 2007
0 views

Ryan Henry

ewilaya eforumALAMI 2007
23. 10. 2007
0 views

ewilaya eforumALAMI 2007

ELAN
05. 10. 2007
0 views

ELAN

BELIZE
22. 10. 2007
0 views

BELIZE

Sheena Kim
11. 09. 2007
0 views

Sheena Kim

moscow11
15. 10. 2007
0 views

moscow11

Gavrilova PAA 2005
12. 10. 2007
0 views

Gavrilova PAA 2005

mirror darts
29. 12. 2007
0 views

mirror darts

bruxelles dd
17. 10. 2007
0 views

bruxelles dd

EC Baron DCC abridged
11. 03. 2008
0 views

EC Baron DCC abridged

Image53967
07. 01. 2008
0 views

Image53967

GSA dlese teaching boxes
30. 10. 2007
0 views

GSA dlese teaching boxes

Illarionovs Projections
26. 10. 2007
0 views

Illarionovs Projections