Japan completes endorsement of IFRS 9 without modifications

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30 Mar 2015

The Financial Services Agency (FSA) of Japan has 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 2014. This means that endorsement of IFRS 9 'Financial Instruments' is now complete in Japan.

Newly designated IFRSs include:

  • IFRS 9 Financial Instruments (July 2014);
  • Equity Method in Separate Financial Statements (August 2014);
  • Annual Improvements 2012–2014 Cycle (September 2014);
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (September 2014);
  • Investment Entities: Applying the Consolidation Exception (December 2014); and
  • Disclosure Initiative (Amendments to IAS 1) (December 2014).

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

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