Japan updates list of 'designated' IFRSs, includes recent IFRS 16 amendment

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14 Jul 2020

The Financial Services Agency (FSA) of Japan has announced that additional IFRSs issued up until 31 May 2020 were designated for use by companies voluntarily applying IFRSs in Japan.

The timing does not follow the usual pattern of the FSA as the intention was to make the recent IFRS 16 amendment on rent concessions available for interim reports.

For more information, see the press release (in Japanese only) on the FSA website.

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