With mandatory climate and other sustainability disclosure requirements apparently gaining impetus around the globe, the latest news this week has a Pacific flavour.
Life just got easier for standards fans in Japan, with the latest language release from the International Financial Reporting Standards (IFRS) Foundation. Files for the IFRS Taxonomy 2020 in Japanese are now available.
Admittedly, one for the financial regulators! Those who fail to learn from history are condemned to repeat it… and this is certainly true in relation to financial crises.
The Bank of Japan has begun proof-of-concept trials on its central bank digital currency (CBDC), the digital yen. Phase 1 aims to test the technical feasibility of the CBDC, and will run for one year to March 2022.
The Tokyo Stock Exchange (TSE) has launched a new web portal, JPX English Disclosure GATE, to promote better English disclosure from listed companies and increase investment opportunities for overseas investors.
Japan is a country well known for its traditions. However, although tourists might love seeing locals sporting kimonos in Kobe, when your Covid-19 data is being recorded by hand and sent via fax, it might be time for an upgrade.
The Japanese Financial Services Agency (JFSA) has a bold plan to put Suptech (supervisory technology) to use in improving the sophistication and efficiency of its financial supervision.
Remember the Y2K problem? Now imagine Y2K but without being told what number comes after “19” until December 1st 1999. That’s the challenge currently facing IT systems in Japan.
It’s clear that XBRL makes a lot of sense for financial reporting, and the standard’s increased uptake around the world has done much to promote financial transparency – however, currently, XBRL’s potential capabilities are being underused for non-financial reporting. Sustainability reporting is moving into the mainstream, as boosting transparency on environmental, social, and governance (ESG) […]
The 9th XBRL Asia Roundtable will be held as part of a wider joint program with the Asian Development Bank’s Asian Bond Market Forum meeting from 18 to 21 June in Fukuoka, Japan. The theme for the meeting is to explore the opportunities that standardisation and technology afford in helping to better link and integrate the economies […]