Note 1-3

3 The final report of FY 2003 National Accounts says that the household savings rate began to rise moderately after hitting the bottom in fiscal 2001. However, the final report of FT2004 National Accounts revised the household savings rate downward, indicating that the rate has been on a declining trend. This is because compensation of employment was revised downward, reflecting latest data such as the 2002 National Census, Employment Status Survey, and National Tax Agency's retirement lump sum statistics, and because consumption expenditure was revised upward, reflecting information in the 2002 Input-Output Table.