TOKYO -- Japan's financial regulator and accounting board will allow greater leniency on asset write-downs to spare companies from slashing the value of factories and stores idled by the coronavirus outbreak, Nikkei has learned.
The Financial Services Agency will form a joint council as early as Friday with the Japanese Institute of Certified Public Accountants, the Tokyo Stock Exchange, the Japanese Bankers Association and the Japan Business Federation, the nation's top business lobby also known as Keidanren.
