Construct the balance of payment table for Japan for the yea

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

	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

Solution

value of marchandise: 717.72-135.56-47.65 = 534.51

balance of current account:

total of credits : 898.91+6.18 = 905.09

total of debit: 717.72+16.85 = 734.57

balance of current account: 905.09-734.57 = 170.52 debit balance