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1. Definition of Interregional Payment BalancesIn general, International Balance of Payments is composed by both of Current account and, Capital and Financial Account under definition of International Monetary Fund. Current account is composed by Goods and services, Income and Current transfers. On the other hand, Capital and Financial Account is shown by Financial Account which is composed by Direct investment, Portfolio investment, Other investment and Capital Account. Domestic Payment Balances are also shown by application of the factors as well as International Payment Balances. It should be really explained “Interregional Payment Balances (IPB)” like presenting in the next paragraph. In Japan, one of IPB has been presented by the Agency of Economic Planning as “each exports and each imports of 47 prefectures” in every year. Another one has been presented by the Ministry of the International Trade and Industry as “Input-Output Table among 11 regions in Japan”. They, however, dont present the Money Flow based on IPB. Really, the Money Flow in relation with IPB had been presented by the Bank of Japan (BOJ) so far, but the BOJ had not presented since after burst of bubble economy 1990s, and not doubtfully, though it had been great important for analysing of regional economies Japan. Therefore, research for regional Economies based on IPB might not be able to attain perfection. This paper is presented within these limits.2. The implication of Interregional Payment BalancesThe implication of IPB was originally described by John R. Meyer, in “Regional Economics: A survey, The American economic review, 1963”, in which it was inttroduced Interregional Payment Balances of trade, 1952, by G. Fruetel.It had implicated Balances of trade among each States of America. In this sense, IPB can be considered that they are indicators of the regional economic growth and regional economic equilibrium as well as the external indicators. In general, IPB will be the surplus and higher level if the regional economy is rather powerful than others. According to this significance, it points out that IPB might have competitive power in the regional economies.3. The implication of Interregional Payment Balances in JapanOne of IPB in Japan has been presented by the Agency of Economic Planning as being described above, and it has been shown as exports and imports among 47 prefectures in Japan. The importance is because Income Level and IPB among 47 prefectures deeply relate with each other. The regression equation of Income Level and IPB in 1995 is calculated as follows.When horizontal line is X as Income Level and vertical line Y is as IPB, Y=90.265+0.732XThis regression equation is a straight line and coeffient determination is 0.5575, which is high in an average. According to above, IPB in Japan can be certainly certified in relation to regional economic power, Income Level, economic growth, per capita production and so on. From these analysing, it has been realized in Japan that IPB of the central prefecture has been great surplus while IPB of the peripheral prefectures has been big dificits. As a result, it certifies the peripheral prefectures depend on the governmental subsidiary, that is, they cant stand on a self support system yet.

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