The METI Study Group on the Internationalisation of Business Accounting issued a report in 2004 claiming that the accounting standards under JP-GAAP should be accepted as equal to those under IFRS and even closer to US-GAAP.
Part 1 of this study investigated the role of internationalisation of business, financial and capital markets in the process of convergence between JP-GAAP and US-GAAP.
Part 2 assessed the extent of the above mentioned convergence.
Part 3 empirically explored economic rationales for voluntary disclosure practiced by Japanese companies between 1985 and 2003.
Below follow a discussion of the findings in each of the three parts, and recommendations for further research.

Additional Metadata
Keywords Japan, accounting, globalisation
Publisher Erasmus University Rotterdam , Thela Thesis, Amsterdam
ISBN 978-90-5170-776-2
Persistent URL
Series Tinbergen Instituut Research Series
van Mourik, C.M. (2007, March). Globalisation and the Role of Financial Accounting Information in Japan (No. 399). Tinbergen Instituut Research Series. Thela Thesis, Amsterdam. Retrieved from