Article: Financial Accounting Standards Board Meets with Accounting Standards Board of Japan to Discuss Global Convergence.

TOKYO -- Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) gathered this week in Tokyo for a joint meeting to discuss global convergence.

Led by Robert H. Herz, chairman of the FASB, and Ikuo Nishikawa, chairman of the ASBJ, the meeting was the fifth in a series of discussions between FASB and ASBJ designed to enhance dialogue between the two Boards in their shared pursuit of global convergence of accounting standards. Mr. Tatsumi Yamada, Board member of the International Accounting Standards Board (IASB), also attended as an observer at the meeting.

Convergence--the development of a common set of ...

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