The Bank of Japan is considering collecting data for its monthly price statistics online from businesses to streamline its operations, it was learned Tuesday. Currently, the central bank sends and receives survey slips by mail. The BOJ aims to introduce the online procedures around fiscal 2022, as it is expected to take a few years to make the computer system preparations necessary for the shift, informed sources said. The new method is seen covering the BOJ's producer price and service producer price surveys. For the surveys, BOJ employees manually enter some 12,000 items of price data on goods and services traded between businesses.
Feb-19-2019, 15:05:30 GMT