This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Japan updates list of 'designated' IFRSs

  • Japan Image

19 Apr 2014

On 18 April 2014, the Financial Services Agency (FSA) of Japan announced that additional IFRSs were designated for use by companies voluntarily applying IFRSs in Japan. The announcement effectively includes all IASB pronouncements issued up to 31 December 2013.

Since the last designation was made up to 31 October 2013, newly designated IFRSs include:

  • IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issued in November 2013)
  • Annual Improvements to IFRSs  2010–2012 Cycle (issued in December 2013)
  • Annual Improvements to IFRSs  2011–2013 Cycle (issued in December 2013)
  • Defined Benefit Plans: Employee Contributions (Amendments to IAS 19) (issued in November 2013)

The designation has yet to cover the period after December 2013, so IFRS 14 Regulatory Deferral Accounts has not been included in the scope of 'designated' IFRSs in Japan.

Click for the FSA press release (in Japanese only, link to FSA website).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.