Japan steals march on fair value rules

While Europe stalls, Japan has raced ahead to become the largest economy so.

far to take advantage of new accounting rules reformed in the wake of the.

banking crisis.Japanese companies began using the International Acc­ount­ing Standards.

Board’s (IASB) new fair value rules yesterday, increasing pressure on other.

developed nations to adopt as well. It is the first stage of a three-part.

revision of the fair value standard. The rules, redesigned with banks in mind,.

use a mixed-measurement model to value assets at either their market price or.

amortised cost.

Taken from here