Global Standards for the world economy

Friday 28 October 2016

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Japan IFRS profile revised

 04 March 2014

We have revised our profile on use of IFRS in Japan to indicate that, as of February 2014, 34 Japanese companies have either started to use IFRS or have publicly announced their intention to do so.  The revised profile also explains that in October 2013, to encourage further application of IFRS in Japan, the Japan Financial Services Agency broadened its criteria for use of IFRS.  As a result, the number of companies eligible to apply IFRS was increased from 621 to 4,061, covering virtually all listed companies and those planning to list.

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