Construct the balance of payment table for Japan for the year 2006 which is comp

ID: 2485308 • Letter: C

Question

Construct the balance of payment table for Japan for the year 2006 which is comparable in format to Exhibit 3.1, page 66, to calculate the missing information data (Services; balance current account; balance on financial account; Statistical discrepancies). Please show your calculation clearly.

Please provide a paragraph to explain your result of your answer

Please show your clear calculation.You cannot just input the number only.

A summary of the Japanese Balance of Payments for 2000 (in $ billion)

Credits

Debits

Current Account

(1) Exports

898.91

(1.1) Marchandise

615.81

(1.2) Services

117.30

(1.3) Factor income

165.80

(2) Imports

-717.72

(2.1) Merchandise

(2.2) Services

-135.56

(3.3) Factor income

-47.65

(3) Unilateral transfer

6.18

-16.85

Balance on current account

[(1) + (2) + (3)]

Capital Account

(4) Direct investment

-6.78

-50.17

(5) Portfolio investment

198.56

-71.04

(5.1) Equity securities

71.44

-25.04

(5.2) Debt securities

127.12

-46.00

(6) Other investment

-86.67

-91.00

Balance on financial account

[(4) + (5) + (6)]

(7) Statistical discrepancies

Overall balance

31.98

Official Reserve Account

-31.98