Issued July 28, 2010 (No. 15)

Contents
1. Development of the ASBJ Standards etc. (released between April 3rd and May 31st2010)
2. Overview of ASBJ Meetings (199th Meeting – 202nd Meeting)
3. ASBJ’s Comments on Documents Issued by the IASB and FASB (April 1, 2010 –May 31, 2010)
4. Updated ASBJ Project Plan
5. ASBJ Chairman Ikuo Nishikawa Attends the 9th Meeting of National
Standard-Setters in Seoul, South Korea
6. The 11th Joint Meeting with the IASB
7. The 1st ASBJ Open Seminar
8. ASBJ Chairman Ikuo Nishikawa Attends the 4th IFRS Regional Policy Forum in
Singapore
9. FASF Seminar on the “Guide to the Preparation of Quarterly Reports” (for theFirst Quarter ending June 30, 2010)
10. FASF Board Meeting
11. Project Progress (As of May 31, 2010)
12. Noticepg. 1
Copyright© ASBJ/FASF All Rights Reserved.

1. Development of the ASBJ Standards etc. (released between April 3rd and
May 31 st, 2010)(1) [Final] Release of the Amendments to the Accounting Guidelines for Small and Medium-sized
Entities (April 26, 2010)(Those Guidelines have been amended by the Committee of Accounting Guidelines for Small andMedium-sized Entities, which was established on the initiatives of the Japan Federation of
Certified Public Tax Accountants’ Associations, the Japanese Institute of Certified Public
Accountants, the Japan Chamber of Commerce and Industry, and ASBJ.)(2) [Other] Release of Exposure Draft of Proposed Amendments to Practical Solution on Tentative
Treatment of Tax Effect Accounting Under Consolidated Taxation System (Part 1) (Exposure
Draft of PITF No. 33, Which Constitutes a Revision of PITF No. 5) and Practical Solution on
Tentative Treatment of Tax Effect Accounting Under Consolidated Taxation System (Part 2)(Exposure Draft of PITF No. 34, Which Constitutes a Revision of PITF No. 7) (May 20, 2010)(The comment deadline was June 8, 2010)

2. Overview of ASBJ Meetings (199th Meeting to 202nd Meeting)(1) 199th Meeting (held on April 9, 2010)
a. Updating of the Project Plan
b. Discussion relating to the revisions to the tax system being implemented in 2010c. Progress of the Emissions Trade Technical Committee
d. Progress of the Technical Committee for Financial Instruments
e. Discussion relating to intangible assets
f. Discussion relating to provisions
a. The Board decided to update the ASBJ Project Plan which gives the timetable for development ofaccounting standards. The updated Project Plan was announced on April 12, 2010.
The Project Plan will be updated as necessary, taking into account revisions to IASB/FASB work
plan.
b. The Board discussed recoverability of deferred tax assets arising from certain types of consolidated
tax loss, which has become deductible by the revision of the tax rule.
c. The Board discussed accounting treatment issues relating to the emissions trading scheme
introduced by the Tokyo metropolitan government in April 2010.
The staff explained that the treatment under the existing PITF No. 15 can be applied to the newscheme but in some cases an entity would be required to recognize provisions or disclose
contingent liabilities in the notes in accordance with general requirements in other accounting
standards, because of punitive clauses in the Tokyo Metropolitan ordinance. As a result of
deliberations, the Board decided that the above explanation would be sufficient as a response to the
new scheme.
d. The Board discussed the revision of the Accounting Standard for Financial Instruments in the areapg. 2
Copyright© ASBJ/FASF, All Rights Reserved

of Classification and Measurement.
The staff submitted a proposal based on the measurement categories used in IFRS 9 and the Board
members generally supported it. However, several Board members suggested that any revision of
the Accounting Standard for Financial Instruments should retain the existing treatment of recycling.
e. The Board discussed several issues about capitalization of internally generated development costs
that meet certain criteria, including treatments of their purchases, outsourcing, amortization andimpairment.
f. The Board discussed its comments on the IASB’s re-exposure draft of proposed amendment to IAS
37.
(2) 200th Meeting (held on April 22, 2010)a. Discussion relating to the 2010 tax reformb. Progress of the Technical Committee for Business Combinations
c. Progress of the Technical Committee for Financial Instruments
 Fair value measurementd. Progress of the Technical Committee for Financial Instruments
 Classification and Measurement
e. Discussion relating to intangible assets
a. The Board discussed the exposure draft to be approved for public release in the next (201st) Board
meeting.
b. With regard to the amortization of goodwill, the Board discussed whether goodwill should be
divided when determining impairment losses, determination of whether to recognize impairment
losses (impairment testing), and the frequency of impairment testing.
Regarding determination of whether to recognize impairment losses, the Board considers
maintaining the current two-step impairment test.

Regarding other issues, the Board considers

amendments to align with IFRS.
c. The Board discussed the text of the exposure draft in light of the comments received on thediscussion paper relating to the measurement and disclosure of fair value.
d. Regarding the classification and measurement of financial assets, the staff proposed thatclassification should be based on the treatment in IFRS 9.
With regard to equity instruments, the staff proposed an option of presenting changes in fair value
in “other comprehensive income” (OCI) and elimination of the recycling of those changes once
recognized in OCI. However, several Board members expressed opposition to the elimination of therecycling.
e. The staff proposed that the concept of “intangible assets with indefinite useful lives” should be
adopted and amortization of such assets should be precluded in line with IFRSs. The staff also
reconfirmed that there would be issues similar to non-amortization of goodwill, including thefrequency of impairment testing, recognition and measurement of impairment losses, reversal of
impairment loss.
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(3) 201st Meeting (held on May 17, 2010)
a. Exposure Draft of Proposed Amendments to Practical Solution on Tentative Treatment of Tax
Effect Accounting Under Consolidated Taxation System, Parts 1 and 2 [Approval for public
release]b. Discussion relating to intangible assets
c. Progress of the Technical Committee for Financial Instruments (IASB exposure draft“Financial Instruments: Amortized Cost and Impairment”)
a. The Board approved the public release of the Exposure Draft of Proposed Amendments to Practical
Solution on Tentative Treatment of Tax Effect Accounting under Consolidated Taxation System(relating to the amendments to the 2010 tax reform).
b. The Board discussed the treatment of cases where the result of research and development activity is
separately purchased.
The Board considers the treatments that the expenditure should be expensed when incurred if it
relates to research, and be capitalized if it relates to development and meets the recognition criteria
as internally generated intangible assets.
c. The Board discussed its comments on the IASB exposure draft “Financial Instruments: Amortized
Cost and Impairment” about the measurement.
The Board is considering a comment pointing out inconsistency of the treatment that initial
estimate of credit losses should be allocated over the expected life of a financial asset and its
subsequent changes should be recognized in profit or loss.
(4) 202nd Meeting (held on May 28, 2010)a. Progress of the Technical Committee for Financial Instruments
 Fair value measurement
b. Discussion relating to intangible assets
c. Progress of the Technical Committee for Financial Instruments
 Classification and measurementd. Progress of the Technical Committee for Financial Instruments
 IASB exposure draft: Impairment
e. Progress of the Technical Committee for Business Combinations
f. Progress of the Technical Committee for SPEsa. The Board discussed the text of the exposure draft, mainly regarding the scope of fair value
measurement and disclosure and the treatment of provisions relating to current values in theexisting accounting standards.
b. The Board discussed the treatments of intangible assets with indefinite useful lives, in particular,
land leaseholds. The main issues were the criteria for those assets, whether to amortize them andtheir impairment testing.
Whether a land leasehold is an intangible asset with indefinite life or not would be determinedpg. 4
Copyright© ASBJ/FASF All Rights Reserved.

based on the substance of each case, because of a variety of its nature (e.g. difference between
ordinary leasehold and fixed-term leasehold).
c. The Board discussed issues relating to the revision of the accounting standards for financial
instruments. The main issues this time were fair value option, reclassification, and hybrid financial
instruments.
The Board considers taking the treatment under IFRS 9 as a starting point for discussing the above
issues.
d. The Board discussed its comments on the IASB exposure draft “Financial Instruments: Amortized
Cost and Impairment.”e. The Board discussed the treatment of special accounts arising in business combinations (such asprovisions for restructuring costs) and contingent liabilities.
The Board considers amendments to align those treatments with IFRSs.
f. The Board discussed limiting the scope of the “special treatment of SPEs” only to transferors ofassets, to address the problem of its stretched interpretation which has been often pointed out.

3. ASBJ’s Comments on Documents Issued by the IASB and FASB (April 1,2010 – May 31, 2010)(1) ASBJ submitted its Comments on the IASB exposure draft "Measurement of Liabilities in IAS
37" (May 19, 2010)(The exposure draft can be found here)

4. Updated ASBJ Project Plan
The Accounting Standards Board of Japan (ASBJ) has updated its Project Schedule covering
projects to be implemented during the period up until December 31, 2011; the public announcementof the updated Project Schedule was made on April 12, 2010. According to the updated Project
Schedule, it is intended that project items relating to existing disparities will be completed by
mid-2010, while ASBJ will be aiming to release exposure drafts for the majority of items relating to
the MoU signed between the IASB and FASB by the first half of 2011.

5. ASBJ Chairman Ikuo Nishikawa Attends the 9th Meeting of National
Standard-Setters in Seoul, South Korea
The 9th Meeting of National Standard-Setters (NSS) was held over two days on April 14 – 15, 2010
in Seoul, South Korea. The meeting was hosted by Korea Accounting Standards Board (KASB);
there were around 50 participants in all, representing the national accounting standards setting bodies
of 21 individual countries (including the U.K., the U.S.A., Canada, France, Germany, Australia,
India, Malaysia, and South Africa), as well as related organizations such as the IASB and theEuropean Financial Reporting Advisory Group (EFRAG). The ASBJ was represented at the meetingby ASBJ Chairman Ikuo Nishikawa, ASBJ Full-time Board Member Atsushi Kato, and ASBJ
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Technical Staff Toru Yoshioka.
During the meeting, the participants discussed the various research projects that national standard
setters have been undertaking; the objective of the meeting was to provide input and support withrespect to the development of standards by the IASB. The following themes were discussed:
Agenda Item

Speaker

April 14 (Wed.)
1

Global Financial Crisis: Accounting Developments and Implications

U.K.

2

Intangible Assets: Experience with the Application of IFRS 3

Australia

3

IFRS 2 – Share-based Payment Review ProjectFrance4

The Corporate Reporting Framework

PWC

5Disclosure Framework

U.S.A.

6

Effects Analysis of Accounting Standards

U.K., EFRAG

7

Common Control Transactions

South Korea

April 15 (Thurs.)
8

Towards a Measurement Framework for Financial Reporting by Business Entities

Canada9

IASB/FASB Joint Conceptual Framework Project

U.K., Australia

10

IASB Work Plan

U.K.

11

Reports from Regional Groups

EFRAG, Malaysia, Japan

12

Desirable Qualitative Characteristics of Standard-setting

Australia

13

Topical Issues

Individual countries

The meeting began with an opening address by Sir David Tweedie, Chairman of the IASB, whogave an explanation of the latest developments in overall project implementation. This was followed
by a lively discussion of the various themes on the agenda. The ASBJ representatives took an active
part in the discussions, and also described the preparations for the 2nd Meeting of the AOSSG, which
will be held in Tokyo in September 2010, during the “Topical Issues” segment of the meeting.
One significant feature of the meeting was the large number of themes focusing on the period after
the projects covered by the MoU signed between the IASB and FASB has been completed. In
particular, there was widespread discussion of framework-related issues. At the next Meeting of
National Standard-Setters, which is scheduled to be held in Rome in September 2010, it isanticipated that, in addition to further discussion of many of the themes that were considered at theSeoul meeting, new themes – including XBRL and agricultural sector accounting (IAS 41) – will
also be addressed.

6. The 11th Joint Meeting with the IASB
The 11th Joint Meeting of the ASBJ and the International Accounting Standards Board (IASB) was
held in Tokyo over two days, on April 27 – 28 (Tues. – Wed.), 2010. The ASBJ representatives at themeeting included ASBJ Chairman Ikuo Nishikawa and four other Board members, along with ASBJ
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staff; the IASB representatives included IASB Chairman Sir David Tweedie and two other IASB
Board members, as well as IASB staff. The meeting agenda is shown in the table below:
Date

Agenda Item

April 27 Morning

ASBJ activities update, and IASB activities update

April 27 Afternoon

Issues relating to IFRS adoption in Japan

April 27

Afternoon (open session)

April 28 Morning (open session)

Financial instruments (impairment and hedge accounting) and revenue recognition
Financial statement presentation and emissions trading

Regarding the issues relating to IFRS adoption in Japan, the Boards discussed on IFRS
interpretation issues, which have been under discussion by the IFRS readiness taskforce jointly
organized by the Nippon Keidanren (Japan Business Federation) and the Japan Institute of Certified
Public Accountants, and also by the IFRS Practical Issues Group launched within ASBJ. The ASBJ
and IASB reaffirmed that they would continue to work together to deal with these issues.
In the session on financial instruments, there was a discussion of the ASBJ’s analysis of andcomments on the new impairment model (the expected loss model) that the IASB proposed in its
November 2009 exposure draft, as well as constituents’ concerns regarding the feasibility of
implementing this new model. The Boards also discussed

the improvements to hedge accountingthat the IASB and FASB are currently working together on based on the ASBJ’s provisionalcomments on this initiative.
In the session on revenue recognition, the Boards discussed based on the ASBJ’s analysis interms of: (a) Identification of performance obligations and recognition and measurement of revenue
under contracts in which two or more goods or services are transferred at different times(multiple-element arrangements and construction contracts); (b) the approach to revenue recognition
based on changes in assets and liabilities; and (c) accounting for product warranties.
In the session on financial statement presentation, the representatives of the ASBJ and the IASB
discussed issues raised by the ASBJ on cash flow statements prepared by using direct method, as
well as whether to require an entity to present not only debt category but also equity category in thefinancing section.
In addition, the meeting participants also discussed accounting treatments for emission trading
schemes, a matter of increasing interest for Japanese constituents. The representatives of the ASBJ
and the IASB exchanged views on the model for accounting for cap and trade schemes currently
being deliberated by the IASB, on the basis of a paper analyzing several alternative accounting
models identified by the ASBJ.
The IASB representatives expressed their hope that the ASBJ would continue to make asignificant contribution to the IASB, including the ongoing implementation of discussions of thiskind.
The next Joint Meeting with the IASB is scheduled to be held in London in September 2010.

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7. The 1st ASBJ Open Seminar
In line with the ASBJ/FASF goal of making a positive contribution towards the creation of the anenvironment conducive to successful IFRS adoption through the provision of up-to-date information
by an ASBJ that is able to keep on top of the rapid pace of change in international accounting
regulation, and so as to improve the quality of service provided to FASF members, starting this year
the ASBJ will be holding the ASBJ Open Seminar on Current Trends in IFRSs and IFRS Adoption in
Japan in major cities throughout Japan according to the following schedule:
Session

Date

City

Venue

1

April 28

Tokyo

Yomiuri Hall (already held)

2

July 7

Osaka

Osaka Bankers Association (already held)

3

July 8Tokyo

Mielparque hall Tokyo (already held)

4

July 9

NagoyaDesign Hall, Nagoya (already held)

5Aug. 23

Fukuoka

Conference Room 10, Tenjin Bld.

6Aug. 25

SapporoSapporo Securities Exchange Hall

7

Nov. 2Tokyo(to be confirmed)

8

Nov. 4

Osaka

Osaka Bankers Association

9

Mid-February

Nagoya(to be confirmed)

10Feb. 18

Osaka

Osaka Bankers Association

11

Mid-FebruaryTokyo(to be confirmed)

Note: For sessions 2 to 4, see also Item 12 below.

At the first session of the ASBJ Open Seminar, held on April 28, 2010, IASB Chairman Sir David
Tweedie and three other leading experts in terms of IFRS

gave a talk on the subject of “The Latest

Trends in IFRSs and IFRS Adoption in Japan – IASB Chairman Sir David Tweedie Discusses theWork being Undertaken by those in the Frontline at the IASB” at the Yomiuri Hall in Yurakucho,
Tokyo. The audience totaled more than 600 people; the program for the seminar was as follows:
Lecture Title

Speaker

IASB Update

Sir David Tweedie, IASB Chairman

IASB Project Overview

Warren McGregor, IASB Board Member

Japan’s Stance with Respect toJunichi Naito, Director, Planning Division, Financial

IFRSs
ASBJ Update

Services Agency
Ikuo Nishikawa, ASBJ Chairman

During his address, IASB Chairman Sir David Tweedie expressed his determination to lead the
IASB towards developing a single set of high-quality global accounting standards, and his hope thatJapan would express its views actively as a valued IASB partner.

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IASB Board Member Warren McGregor gave a detailed explanation of the current state ofdiscussion of the issues of revenue recognition and post-employment benefits (issues which are
currently attracting a great deal of attention) at the IASB.
Junichi Naito, Director of the Planning Division, Financial Services Agency, gave an explanationof the current state of IFRS adoption in Japan. Mr. Naito expressed the view that IFRS adoption
could be thought of as a kind of “financial diplomacy,” and that this was an area in which Japan
would be participating actively.
The final speaker, ASBJ Chairman Ikuo Nishikawa, gave a report on recent ASBJ activities
relating to IFRSs.
Each speaker’s talk was followed by a Q&A session. Many of the questions from the floor
reflected a widespread awareness of IFRS adoption, and there was a lively exchange of views withthe speakers.
FASF members can view video footage of the Seminar at ASBJ Web Seminar until August 20,
2010.

8. ASBJ Chairman Ikuo Nishikawa Attends the 4th IFRS Regional Policy Forumin Singapore
The 4th IFRS Regional Policy Forum was held in Singapore on May 13, 2010. The Forum wasintended to provide an opportunity to discuss on how accounting standards are interrelated to bankregulation and supervision, and corporate tax law among related parties, including accounting
standards setters and regulatory authorities.
Hosted by the Singapore Accounting Standards Council (ASC), the Forum was attended by over
100 representatives of accounting standards setters, regulators etc. from 12 different countries in the
Asia and Oceania regions. The IASB was represented by IASB Chairman Sir David Tweedie, IASB
Board Member Mr. Tatsumi Yamada, and IASB Director of International Activities Mr. Wayne
Upton. The International Accounting Standards Committee Foundation Trustees attending the Forum
included Dr. Robert Glauber (U.S.A.), Mr. Jeffrey Lucy (Australia), Mr. Mohandas Pai (India) and
Mr. Noriaki Shimazaki. The ASBJ was represented at the Forum by ASBJ Chairman Mr. Ikuo
Nishikawa and one staff member.
After an opening address by Mrs. Lim Hwee Hua, Minister, Prime Minister’s Office, the Forumcontinued with an explanation by IASB Chairman Sir David Tweedie of the IASB’s efforts toward
accounting standard convergence, after which International Accounting Standards Committee
Foundation Trustee Dr. Robert Glauber discussed the latest trends in the U.S., and an IMF
representative described how financial statements can be of use to central banks and regulators.
This was followed by a discussion of the relationship between accounting standards, bankregulation systems and tax law, and by panel discussions focusing on financial statement
presentation, and issues relating to IFRS adoption and convergence. ASBJ Chairman Mr. Ikuo
Nishikawa took part in the panel discussion on financial statement presentation, while Mr. Takashi
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Nagaoka, Director for International Accounting, Financial Services Agency, took part in the panel
discussion on IFRS adoption and convergence.
In the concluding part of the Forum, there was a discussion of the IASCF Trustees’ recent
activities, and an exchange of views between them and the IASB Board Members present at theForum.
This IFRS Regional Policy Forum has helped to further IFRS adoption and convergence in the
Asia and Oceania regions, and has, through the collaboration between the different countries in theregion, confirmed the importance of ensuring that countries make their views known to the IASB.
The next IFRS Regional Policy Forum is scheduled to be held in 2011.

9. FASF Seminar on the "Guide to the Preparation of Quarterly Reports"(for theFirst Quarter ending June 30, 2010)
The FASF Seminars on the “Guide to the Preparation of Quarterly Reports” (for the First Quarter
ending June 30, 2010) were held over the period from May 18 to May 28, 2010, in 11 sessions in 9
cities: Tokyo (3 sessions), Osaka, Nagoya, Sapporo, Sendai, Kanazawa, Hiroshima, Takamatsu, andFukuoka. In all, 3,300 people applied to attend the seminar.
This time, the seminar included an explanation of points to note regarding the segment
information requirement that came into effect on April 1, 2010, illustrated by reporting examples,
as well as examples of reporting in cases involving the issuing of equity warrants with an exercise
price adjustment clause, and a discussion of points to note concerning preparation of quarterly
financial statements in compliant with the designated IFRSs. There was also an explanation ofpoints to note regarding the submission of securities report for the prior period to the regularshareholders meeting. In addition, ASBJ gave an explanation of “ASBJ’s Recent Activities – The
Updated ASBJ Project Plan in light of the IASB Work Plan.

10. FASF Board Meeting
The FASF Board Meeting was held on May 20, 2010. The Board adopted the following approvals
and resolutions:● 10th Business Report (November 2, 2009 – March 31, 2010)● 10th Settled Account of Expenditures (November 2, 2009 – March 31, 2010)● ASBJ Board Member appointment:
One new ASBJ Member was elected:
Elected ASBJ Member:
Aiko Sekine

Partner, PricewaterhouseCoopers Aarata

To take office on July 8, 2010Retiring ASBJ Member:
Satoshi Komiyama

Partner, KPMG AZSA & Co.

To be retired on July 7, 2010

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● Standards Advisory Council (SAC) Member appointment:
Three new SAC Members were selected to replace retiring Members:
Elected SAC Members:
Makoto Shinohara

Senior Partner, Ernst & Young ShinNihon LLC

Seno Tezuka

Partner, Deloitte Touche Tohmatsu LLC

Kazutaka Mori

Partner, KPMG AZSA & Co.

To take office on July 8, 2010Retiring SAC Members:
Michiko Tomonaga

Senior Partner, Ernst & Young ShinNihon LLC

Yasuyoshi Ichikawa

Partner, Deloitte Touche Tohmatsu LLC

Aiko Sekine

Partner, PricewaterhouseCoopers Aarata

To be retired on July 7, 2010
● Report by the ASBJ:ASBJ Chairman Ikuo Nishikawa gave a report on the ASBJ’s Medium-term Operating Policy.

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11. Project Progress (As of May 31, 2010)
2010
Q2

2010
Q3

2010
Q4

2011
H1

2011
H2

Items related to the remaining differences between existing Japanese GAAP and IFRSs
Business combinations (Step 2)ED
Final
Financial statement presentation
Final(Comprehensive income)Intangibles
ED
Final
Items related to projects addressed in the MoU between the IASB and the FASB
1 Scope of consolidations
EDFinal
2 Financial statement presentation- Phase B
DPED- Discontinuing operations
ED
Final
3 Revenue recognition
DPED
4 Liabilities and equity distinctionsDP
5 Financial instruments- Classification and measurement offinancial assets- Classification and measurement offinancial liabilities- Impairment

DP2

ED
DP 又は
DP2

ED
ED

- HedgingED

6 Fair value measurement
disclosure
7 Post-employment benefits

and

ED

Final

- Step 1

Final- Step 2DP

8 LeasesDP

9 Derecognition

ED

ED
DP

ED

Items related to the IASB projects other than those addressed in the MoU between the IASB
and the FASB
Earnings per share
Final
Provisions
DP2
ED
Emission trading schemesDP
Insurance contracts
DP

Discussion Paper

DP2

Advanced Discussion Paper (document presenting preliminary views in the form near to a standard

ED

Exposure Draft

Final

Accounting Standard/Guidance, etc.

before the development of exposure draft)

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12. Notice(1) New Publications
Periodical – Accounting Standards and Disclosure Quarterly No. 29 (published on June 15, 2010)[Main Contents]Feature Article 1: “The Frontline in the Development of International Accounting Standards”
“The IASB’s Latest Work Plan” by IASB Board Member Tatsumi Yamadaetc.

Feature Article 2: “Understanding Current Trends in Retirement Benefit Accounting”
Discussion meetingetc.

Accounting Square: “Implications of IFRSs on SME Accounting: by Hideyoshi Ando, Professor,
School of Commerce, Senshu University



CFO Letter: “Challenges for Finance Department and Manpower Cultivation” by Hideki
Miyazaki, Executive Officer, Japan Tobacco“

Chairman’s Voice: “ASBJ’s Path Going Forward” by ASBJ Chairman Ikuo Nishikawa

Special Feature 1: Welcoming IASB Chairman Sir David Tweedie – Seminar Report, etc.

Special Feature 2: Welcoming Former EFRAG Chairman Stig Enevoldsen – Seminar Report,etc.
* Click here to buy this publication (Japanese only)“ASBJ Newsletter” (No. 15)

Issued on July 28, 2010
Editor: Shosaku Shimomura

The views expressed in ASBJ Newsletter are not necessarily those of the ASBJ or the FASF. The Authors andPublishers accept no responsibility for any loss or damage resulting from reliance on the views expressed herein.
© Copyright, ASBJ/FASF All Rights Reserved
Website: 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)

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