ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan to ease trigger on factory and store write-downs

Financial Services Agency seeks flexibility on accounting during pandemic

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more