Issued May 18, 2009 (No. 8)

Contents
1. Developments of the ASBJ Standards, etc.
(released between February 9, 2009 and March 31,
2009)
2. Overview of ASBJ Meetings (171st meeting —173rd meeting)
3. ASBJ’s Comments on Documents Issued by the
IASB and the FASB (February 1, 2009—March 31,
2009)
4. ASBJ’s Comments (April 6, 2009) on “Applicationof International Financial Reporting Standards(IFRS) in Japan (Draft Interim Report)” by the
Planning and Coordination Committee of theBusiness Accounting Council
5. Regular Meeting with FASB
6. The 9th Joint Meeting with the IASB
7. Roundtable Meeting with IASB Chairman Sir David
Tweedie and Japanese Constituents
8. FASF Managing Director Hiroshi Endo VisitedStandards Setters in Asian Nations
9. Speech by ASBJ Full-time Board Member Takehiro
Arai at the 2nd Japan Securities Summit (HongKong)
10. The 6th Meeting of ASBJ Standards Advisory
Council
11. Joint Meeting of FASF for Board of Directors andBoard of Councilors
12. ASBJ Full-time Board Member Takehiro Arai
Receives“Accountant
EncouragementAward2009” from the Integrity Award Council
13. Project Progress (As of April 1, 2009)
14. Notices

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1. Developments of the ASBJ Standards, etc. (released between February 9,
2009 and March 31, 2009)(1) [Final] Announcement of the Amendments to some Accounting Standards, pursuing
Accounting Standards for Business Combinations and related matters (March 27, 2009)[Legend]
DP: Discussion Paper
ED: Exposure Draft
Final: Standards/Guidance (Final version)

2. Overview of ASBJ Meetings (171st meeting — 173rd meeting)(1) 171st Meeting (held on February 12, 2009)
a.
b.
c.
d.
e.
f.
g.

Exposure Draft of Practical Solution on Accounting for Electronically Recorded
Monetary Claims (Draft) [Resolution for public release]
Progress of Studies conducted by Technical Committee for Retrospective
Restatement
Progress of Studies conducted by Emissions Trade Technical Committee
Progress of Studies conducted by Technical Committee for Financial Statement
Presentation
Progress of Studies conducted by Technical Committee for Revenue Recognition
Progress on the ASBJ’s Projects
Amendments to some Accounting Standards, pursuing Accounting Standards for
Business Combinations and related mattersa. Following the recommendation by the Standard Advisory Council, the Board
discussed issues related to the accounting for electronically recorded monetary claims,
and approved the public release of the Exposure Draft of Practical Issues Task Force(PITF) to account for those monetary claims in conformity with note receivables.
The Exposure Draft was released on February 17 and the comment deadline was March
10, 2009.
b. The Board discussed the draft texts of exposure draft of accounting standard on theinitial application and the treatment of cases where it is practically impossible torestate the financial statements retrospectively to correct errors in prior periods.
The Board has been discussing to exempt retrospective application for the initial
application if accounting policies change, in view of the burden imposed on the
preparers.
c. The staff outlined the “experimental emissions trading scheme” and explained therelated issues.

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d. and e. The Board discussed the contents of the Preliminary Views of theInternational Accounting Standards Board (IASB)/Financial Accounting Standards
Board (FASB).
f. The staff reported the progress of each project currently conducted by the Board.
Since the Board received information that the public release of the IASB’s Exposure
Draft on the fair value measurement may be accelerated, the staff announced that thetiming of release would be rescheduled from the initial plan in order to prepare a
Discussion Paper based on the details of the IASB’s Exposure Draft.
g. The staff explained the consequential amendments to some accounting standards in
response to Accounting Standards for Business Combinations and related matters in
December 2008.
(2) 172nd Meeting (held on February 26, 2009)
a.
b.
c.
d.
e.

f.

Progress of Studies conducted by Technical Committee for Retrospective
Restatement
Progress of Studies conducted by Emissions Trade Technical Committee
Progress of Studies conducted by Technical Committee for Financial Statement
Presentation
Progress of Studies conducted by Technical Committee for Revenue Recognition
Progress of Studies conducted by Financial Instruments Technical Committee(review of current standards)
Progress of Studies conducted by Technical Committees for SPEsa. The Board discussed each draft text of the Exposure Drafts of accounting standard
and its implementation guidance. The accounting standard will be applied for the fiscal
years beginning on or after April 1, 2011 and will be applied prospectively.
Also, the Board discussed for not establishing a provision in the body text of theaccounting standard about treatment for cases when it is practically impossible torestate the financial statements retrospectively to correct errors in prior periods. In
addition, since this treatment is different from that of the International Financial
Reporting Standards (IFRSs), the Board has taken up the matter for discussion andcontinued deliberations at the joint meeting with the IASB held in March.
b. Under the “experimental emissions trading scheme,” an entity is allocated theemissions allowance from the government equivalent to the reduction target which
companies set. However, since the existing PITF on emissions trading schemes does notcover this type of scheme, the Board is considering the accounting treatment.
c. and d. The Board continued to discuss draft comments on the Preliminary Views of
the IASB/FASB from the previous meeting.
e. The staff outlined the differences in hedge accounting between the Japanese GAAP
and international accounting standards, recent international developments and theissues to be discussed.
g. The staff outlined the IASB’s Exposure Draft ED10 “Consolidated Financial
Statements” and the Board reviewed the draft comments on it.
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(3) 173rd Meeting (held on March 19, 2009)
a.
b.
c.
d.
e.
f.

Amendment to some Accounting Standards, pursuing Accounting Standards for
Business Combinations and related matters [Resolution for public release]
Progress of Studies conducted by Technical Committee for Retrospective
Restatement
Progress of Studies conducted by Emissions Trade Technical Committee
Progress of Studies conducted by Financial Instruments Technical Committee
Progress of Studies conducted by Technical Committee for Financial Statement
Presentation
Progress of Studies conducted by Technical Committee for Provisions

a. Since the amendment to the accounting standards this time is consequential
amendments in response to the Accounting Standards for Business Combinations andrelated matters released in December, 2009, the Board approved the public release
without following the process for the public release of the Exposure Drafts. The revised
standards and other pronouncements were published on March 27, 2009.
b. and c. The Board discussed the draft texts before the approval of the public release of
the Exposure Drafts at the next meeting.
d. The staff introduced the comments on the Exposure Draft of the PITF on accounting
treatment of electronically recorded monetary claims and the Board discussed the draft
response to the comments. There was no comment which the Board should consider
significant changes to the Exposure Draft.
e. The Board reviewed draft comments on the Preliminary Views.
The Board discussed the issues arising from excessive focus on the “cohesiveness” ofstatements and cost/benefit concerns about preparing the statement of cash flow using
the direct method.

3. ASBJ’s Comments on Documents Issued by the IASB and the FASB
(February 1, 2009—March 31, 2009)(1) The ASBJ submitted Comments on Exposure Draft of Proposed Amendments to IAS 24
Related Party Disclosures “Relationships with the State” (March 13, 2009).
(Click here for the Exposure Draft.)(2) The ASBJ submitted Comments on Exposure Draft ED10 “Consolidated Financial
Statements” (March 19, 2009).
(Click here for the Exposure Draft.)pg. 4
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4. ASBJ’s Comments (April 6, 2009) on “Application of International Financial
Reporting Standards (IFRS) in Japan (Draft Interim Report)” by the Planningand Coordination Committee of the Business Accounting Council
ASBJ submitted a comment on the “Application of International Financial ReportingStandards (IFRS) in Japan (Draft Interim Report)” by the Planning and Coordination
Committee of the Business Accounting Council attached to the solicitation of comments
dated April 6 based on four points of contention.
(Click here for a provisional English translation of the Draft Interim Report.”

5. Regular Meeting with FASB
The ASBJ and the FASB held their 7th regular meeting in Tokyo from March 9 to March
10, 2009. Chairman Ikuo Nishikawa and other board members and staffs from the
ASBJ, and board member Thomas J. Linsmeier and staffs from the FASB participatedin the meeting. Tatsumi Yamada, board member of the IASB, also attended the meetingas an observer.
The meeting agenda was as follows:
Date
March 9Morning

March 9Afternoon

March 10Morning

Agenda and Description
Consolidation (including SPEs)• The project to amend FIN 46 (R)• The ASBJ’s draft comments on the IASB’s Exposure Draft ED10
“Consolidated Financial Statements”
Financial instruments• Discussions on classification of financial instruments, the relation
between reclassification of financial instruments and hedge
accounting, and impairment
Revenue recognition• The FASB/IASB Discussion Paper “Preliminary Views on
Revenue Recognition in Contracts with Customers”
Strategy towards a single set of global standards• Standards setters’ response to the global credit crisis• Activities towards convergence, including the roadmap by US
SEC and the draft interim report of the Planning and
Coordination Committee of the Business Accounting Council
Financial statement presentation• The ASBJ’s draft comments on the FASB/IASB Discussion Paper“Preliminary Views on Financial Statement Presentation”

The next regular meeting with the FASB is scheduled to be held in October 2009 in
Norwalk, Connecticut, USA.

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6. The 9th Joint Meeting with the IASB
The ASBJ and the IASB held their 9th joint meeting in Tokyo from March 11 to March
12, 2009. Six ASBJ members including ASBJ Chairman Ikuo Nishikawa and ASBJ staff,
and three IASB Board members including Chairman Sir David Tweedie and IASB staff
participated in the meeting.
The schedule and agenda of the meeting were as follows:
Date
March 11Morning

Update of the IASB activities
Update of the ASBJ activities

AgendaMarch 11
 Update of the ASBJ activities, in particular focusing on;
Afternoon
Retrospective restatement(open to public) Specific projects (1) Financial instruments
 Revenue recognition
 Consolidation
March 12Specific projects (2)Morning Financial statements presentation(open to public)  Consolidation
In the update of the IASB’s activities,
representatives of the IASB and the ASBJ
discussed on the IASB’s projects such as its
responses to the financial crisis, leases, andpost-employment benefits and the issues
relating to adoption of the IFRSs in eachjurisdiction.
In the update on the ASBJ’s activities, a
representative of the ASBJ explained that
the ASBJ is focusing on medium- tolong-term convergence items to accelerate the convergence after completion ofshort-term convergence items at the end of 2008 and outlined the “Application ofInternational Financial Reporting Standards (IFRS) in Japan (Draft Interim Report)”
released by the Planning and Coordination Committee of the Business Accounting
Council in February 2009. With regard to the retrospective restatement project the
representatives of the boards also discussed the treatment of cases where it ispractically impossible to restate thefinancial statements to correct errors inprior periods.
The representatives of the IASB and the
ASBJ also discussed on three issues
related to financial instruments:
classification of financial instruments,
the relation between reclassification andhedge accounting and impairment. With
regard to revenue recognition, theypg. 6
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discussed the Discussion Paper released by the IASB/FASB in December 2008.
Regarding Financial Statement Presentation and Consolidation, they discussed the
ASBJ’s draft comments on the Discussion Paper and Exposure Draft which had beenreleased as part of each project.
The next joint meeting with the IASB is scheduled for September 2009 in London.

7. Roundtable Meeting with IASB Chairman Sir David Tweedie and JapaneseConstituents
In conjunction with the 9th joint meeting with the IASB, the ASBJ held a roundtable
meeting at the Hotel Okura Tokyo on March 11, 2009 for Japanese constituents withthe board members of the IASB including the Chairman, Sir David Tweedie, to deepen
mutual understanding of recent trends concerning the IFRSs including discussions on
adoption of the IFRSs in Japan. More than 30 people from various fields involved infinancial reporting participated, even though the meeting started early in the morning.
At the start of the meeting, ASBJ Chairman Ikuo Nishikawa made a speech, explainingthat the Planning and Coordination Committee of the Business Accounting Council has
released the “Application of International Financial Reporting Standards (IFRS) in
Japan (Draft Interim Report)” and that it is increasingly important for Japaneseconstituents to deepen their understanding of the IASB’s activities.
Meanwhile, IASB Chairman Tweedie gave anaddress of thanks for the support to date,mentioning the public release of the draft
interim report. This was followed by apresentation on the progress of projects
conducted by the IASB on subjects including
post-employment benefits and revenue
recognition and the IASB’s responses to thefinancial crisis titled “The Memorandum ofUnderstanding with the USA and the
Financial Crisis.”Then, the participants and the IASB members exchanged their views on the potential
use of IFRSs in the US and the IASB’s projects. Key questions and opinions received
from the participants were as follows:• What are your current views of the US on the roadmap relating to the IFRSs?
• There are significant problems for preparers of statement of cash flow using thedirect method proposed in the Discussion Paper “Preliminary Views on Financial
Statement Presentation” such as the practical burden.
• With regard to retirement benefits, isn’t it enough to enter them in the balance sheet?
• What would be changed and what will remain unchanged when the basis is changed
from rule-based to principle-based?
• The discussions on insurance contracts should proceed with utmost care considering
the consistency between the relevant projects.
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As described, the entire meeting was conducted in an active and enthusiastic
atmosphere, facilitating fruitful discussions between the IASB and the Japaneseconstituents.

8. FASF Managing Director Hiroshi Endo Visited Standards Setters in Asian
Nations
Hiroshi Endo, Managing Director of the Financial Accounting Standards Foundation(FASF), visited national standard setters of Asian countries from February 26 to March
6, 2009. Since the Planning and Coordination Committee of the Business Accounting
Council released the “Application of International Financial Reporting Standards(IFRS) in Japan (Draft Interim Report)” and the adoption of the IFRSs in Japan is now
being seriously considered , the purpose of his visit was to exchange information andviews on adoption of the IFRSs and the development of convergence in accounting
standards, as well as how to get more involved in the activities by the IASB and theInternational Accounting Standards Committee Foundation (IASCF). He also
exchanged views with the national standard setters on the Asian-Oceanian Standards
Setters Group (AOSSG) which had been proposed at the China-Japan-Korea AccountingStandard Setters Meeting held in Beijing in October 2008. ASBJ full-time board
member Takehiro Arai joined him at the meetings held in Hong Kong, shown in thetable below.
The visit schedule and major destinations were as follows:
February 27
Thai Accounting Standards Board (ASB)/Thai Federation of Accounting Professions (FAP)• Mr. Narong Puntawong, Council Member
Department of Business Development Ministry of Commerce of Thailand (DBD)• Ms. Chutamanee Yodsaeng, Trade Officer
March 2
Malaysian Accounting Standards Board (MASB)• Mr. Dato’ Zainal Abidin Puthi, Chairman of MASB
• Dr. Sushila, Executive Director• Ms. Tan Bee Leng, Senior Technical Manager
Bursa Malaysia (Malaysia Exchange)• Mr. Surina Jaafar, Senior Manager
Deloitte Malaysia• Dr. Nordin Mohd Zaine, Executive Director
March 3
Accounting Standards Council (ASC)• Mr. Philip Eng, Council Member

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March 5
Hong Kong Exchanges and Clearing (HKEx)• Colin Chau, Senior Vice President• Ms. Olivia Cheung, Assistant Vice President
Hong Kong Institute of Certified Public Accountants (HKICPA)• Mr. Clement Chan, Vice Chairman of Financial Reporting Standards Committee• Mr. Steve Ong, Director• Ms. Winnie Chan, Manager
At the meetings in the table above, he mainly asked how they had adopted, or wereplanning to adopt, the IFRSs in light of the country’s legal structure and due process.
The common issues were: differences in business practices (for example, real estate
contracts and agriculture), translation issues, and also the strong need for a simplified
IFRSs because of the large number of small and medium sized entities. However,opinions were divided over the necessity for carve-out and guidance for interpretation ineach jurisdiction. In addition, Malaysia showed a strong interest in integrating the
IFRSs with accounting for Islamic transactions.
Most of the countries were positive about the AOSSG initiative and some commented
that it is necessary to send opinions to the IASB on the common issues arising from thedifferences in business practice between Asia and Europe, to make the IASB recognizethat the IFRS is no longer merely accounting standards for Europe alone. Furthermore,
a number of officials expressed expectations for Japan, which send a board member tothe IASB, to take the initiative.
With the progress in global convergence of accounting standards, the ASBJ/FASF willcontinue actively contributing to the Asia-Pacific region as its member, based on anunderstanding of the approaches and awareness of the issues of each jurisdiction gained
from the visit.

9. Speech by ASBJ Full-time Board Member Takehiro Arai at the 2nd Japan
Securities Summit (Hong Kong)
On March 5, 2009, the Japan Securities Summit, co-organized by the Japan Securities
Dealers Association and the Hong Kong Stockbrokers Association, was held at the Four
Seasons Hotel in Hong Kong. The conference, which was the second in the series
following the one held in London in 2008, was intended to provide market professionals
and investors with the opportunity to better understand the Japanese securities market
as an effective trading venue as well as an attractive investment choice.
At the conference, Hiroshi Okuda, Senior Advisor to Toyota Motor Corporation andSpecial Advisor to the Cabinet, delivered a keynote speech titled the “Japanese
Economy – Its Overview and Prospect.” Leading economists, management executives invarious industries, government officials (from the Financial Services Agency and theMinistry of Economy, Trade and Industry), academic experts, and top industrialists inHong Kong actively discussed a wide range of topics relating to the Japanese securities
market.
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ASBJ full-time board member Takehiro Arai took the rostrum in the afternoon session
to deliver a presentation on the Japanese accounting standards. In his speech titled“Toward a Single Set of High-quality Global Standards,” he explained Japan’s
initiatives toward international convergence of accounting standards and the ASBJ’s
recent development of accounting standards. He also introduced the “Application ofInternational Financial Reporting Standards (IFRS) in Japan (Draft Interim Report)”
released in February 2009 by the Planning and Coordination Committee of the BusinessAccounting Council and explained that the Japanese constituents expect the ASBJ toplay a proactive role in adoption of the IFRSs in Japan. In addition, regarding its
response to the financial crisis, he mentioned the “Practical Solution on Measurement ofFair Value for Financial Assets (ASBJ PITF No. 25)” released in October 2008 and the“Tentative Solution on Reclassification of Debt Securities (ASBJ PITF No. 26)” releasedin December 2008, and emphasized that ASBJ, as a national standard setter, should becommitted to provide enhanced transparency for the market at a time of crisis, and that
our adherence to due process and high quality accounting standards would help
recovering confidence in the market.
The seminar attracted as many as over three hundreds of audiences although it washeld in the harsh economic environment amongst the on-going global financial crisis
which had been triggered in the US, and revealed that institutional investors in Hong
Kong, based on one of the major global financial center, were highly interested in theJapanese market.

10. The 6th Meeting of ASBJ Standards Advisory Council
The 6th Meeting of the ASBJ Standards Advisory Council (SAC) was held on February
19, 2009. The meeting started with a report by Hidenori Mitsui, Director, Corporate
Accounting and Disclosure of Planning and Coordination Bureau, Financial Services
Agency on the “Application of International Financial Reporting Standards (IFRS) in
Japan (Draft Interim Report)” by the Planning and Coordination Committee of theBusiness Accounting Council. Then, views were exchanged on issues including thetiming and the scope of optional application, parallel disclosure, responses to theprinciple-based standards, endorsement procedure, the timing of mandatory application,and implementation cost.
This was followed by the ASBJ’s report on various subjects including the progress of its
activities. The staff also reported further progress in deliberations on the “accounting
for electronically recorded monetary claims” and the “accounting for a new scheme for
Employee Stock Ownership Plan” recommended to the ASBJ in November 2009.
Then, the participants discussed the ASBJ’s response to the draft interim reportpublished by the Business Accounting Council and how to submit comments to theDiscussion Papers issued by the IASB.

11. Joint Meeting of FASF for Board of Directors and Board of Councilors
The Financial Accounting Standards Foundation (FASF) held a joint meeting for boardof directors and board of councilors on March 26, 2009 and adopted the following
resolutions:pg. 10
Copyright© ASBJ/FASF All Rights Reserved.

• Business plan for the 9th term (FY2009)• Budget plan for the 9th term (FY2009)• Election of directors, councilors and auditors of the FASF and board members of the
ASBJ and the SAC

12. ASBJ Full-time Board Member Takehiro Arai Receives “Accountant
Encouragement Award 2009” from the Integrity Award Council
ASBJ full-time board member Takehiro Arai received the “Accountant Encouragement
Award 2009” from the Integrity Award Council. The purpose of the Integrity Award
2009 is to demonstrate the importance of internal control systems for efficient business
management and to help companies realize that compliance-focused business
management fosters competitiveness over the medium to long term. In 2008, a special
award called “Accountant Encouragement Award” was launched, which is granted tothe three most eligible accounting professionals among younger generations who are (1)striving to achieve excellent performance in their own areas of the accounting
profession from a broader, international perspective, (2) contributing to thedevelopment of the Japanese accounting system, and (3) helping to publicize theprofession and the role of certified public accountants.
The award ceremony was held on March 17,
2009 at TSE Arrows, and Mr. Arai
expressed his gratitude for the award asfollows:“It is a great honor to receive the
Accountant Encouragement Award, whichis granted to leading accounting
professionals for the next generation. With
the globalization of financial and capital
markets, listed companies in Japan have set
their sights on the adoption of the IFRSs. I(Photo from the editorial office of “Financial Japan”)
am committing myself to contribute to theestablishment of a single set of high quality global accounting standards to enhance theconfidence and transparency of the financial and capital markets with in mind Japan’scompetitive leadership in the international society, in particular in Asia.”
The ASBJ sincerely hopes that this award will encourage Japanese accounting
professionals.
Below is the list of other award winners:

Accountant Encouragement Award 2009:
Ms. Aiko Sekine (CPA, PricewaterhouseCoopers Aarata Partner)

Mr. Hisamitsu Okumiya (CPA and Tax Accountant)
Integrity Award 2009First Prize
Shiseido Co., Ltd.
Merit Award
Benesse Corporation
OMRON Corporation
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13. Project Progress (As of April 1, 2009)
2008

2008

2009

2009

2009

2009

Q3

Q4

Q1

Q2

Q3

Q4

2010

1.Items advised by CESR for EU equivalence assessment purpose (short-term)
Business Combinations(Step 1)
Final
Inventories(LIFO)
Final
Impairments of fixed assets
Intangibles (In-process R&D)
Final
Retirement benefits(Discount rate)
Final
Investment property
Final
2.Items related to the remaining differences between existing Japanese GAAP and
IFRS(medium-term)
Business Combinations
DP
ED(Step 2: Issues for phase2)
Business Combinations
DP
ED(Step 2: Amortization of goodwill)
Intangibles
DP
Retrospective restatement
ED
Final(Change in accounting policy)
Discontinued operations
DP
ED
Final
3.Items related to the MoU between the IASB and the FASB(medium and long-term)
Scope of consolidations
DP
ED
Final
Financial statement presentation
DP
ED
Final
(Comprehensive income and other)
Financial statement presentation
DP(Phase B)
Revenue recognition
DP
Liabilities and equity distinctions
Financial instruments
DP(Replacement of existing standards)
Financial instruments
DP(Fair value measurement)
Post-employment benefits
DP
Lease
4.Items related to the IASB projects other than the MoU between the IASB and the
FASB(medium and long-term)
Earnings per share
TC
ED
Final
Provisions
TC
DP
ED
Insurance contracts[Legend]
WG

Launch of Working Group TC

Launch of Technical Committee

RR

Research Report

DP

Discussion PaperED

Exposure Draft

Final Standards/Guidance (Final Version)

Italicized legends indicate finished events.

pg. 12
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14. Notices(1)

The publications

Periodical - Accounting Standards and Disclosure Quarterly No. 24 (published on
March 15, 2009)[Main contents]Feature article 1: “Future Perspective of Application of the IFRSs to JapaneseCompanies”
Constituents’ Comments on “Application of International Financial ReportingStandards (IFRS) in Japan (Draft Interim Report),” Planning and Coordination
Committee, Business Accounting Council
“Expectations for the Japanese Roadmap”, Noriaki Shimazaki, Director,
Executive Vice President, Sumitomo Corporation
“The Role of Certified Public Accountants Facing an Era of Globalization”,
Koichi Masuda, Chairman and President of the Japanese Institute ofCertified Public Accountants (JICPA)“Application of International Financial Reporting Standards from theViewpoint of a Market Provider”, Atsushi Saito, President & CEO, Tokyo
Stock Exchange Group, Inc.

“Entering a new phase of involvement”, Yukio Suzuki, Chairman of the
Security Analysts Association of Japan“ASBJ’s Challenges Toward Adoption of IFRSs”, Shigeo Sakase, Vice
Chairman of the ASBJ


Feature article 2: “Milestones Toward Global Convergence”: Completion of
Short-term Convergence Items in the Tokyo Agreement
“Upon Completion of Short-term Convergence Items in the Tokyo
Agreement”, Ikuo Nishikawa, Chairman of the ASBJ“ASBJ’s Efforts for the EU’s Equivalence Assessment Items”, Takehiro Arai,
Board Member (full-time) of the ASBJ“Assessment of Equivalence of Accounting Standards by the EU”, Toshitake
Inoue, International Accounting Coordination Office, Planning and
Coordination Bureau, Financial Services Agency

Accounting Square: “Debate over Legislation for Listed Companies”, Hideki
Kanda, Professor, University of Tokyo Graduate Schools for Law and Politics
CFO Letter: “Accounting Standards and Insurance Companies”, Toshio Abe,
Senior Managing Executive Officer, Meiji Yasuda Life Insurance Company

This periodical is in Japanese only and can be purchased through our website.

pg. 13Copyright© ASBJ/FASF All Rights Reserved.

“ASBJ Newsletter” (No. 8)
Issued on May 18, 2009
Editor: Akiyoshi Maruyama
The views expressed in ASBJ Newsletter are not necessarily those of the ASBJ or the
FASF. The Authors and Publishers accept no responsibility for any loss or damage
resulting from reliance on the views expressed herein.
©Copyright, ASBJ/FASF All Rights Reserved
Web-site: https://www.asb.or.jp/asb/index_e.jsp
E-mail: publicity@asb.or.jp
Accounting Standards Board of Japan / Financial Accounting Standards Foundation
Fukoku Seimei Building 20F, 2-2, Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, Japan(Zip Code: 100-0011)
Fax: +81-3-5510-2712

pg. 14
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