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Article: Japan's ruling bloc seeks delay in new accounting rule for fixed assets
- Article from:
- Xinhua News Agency
- Article date:
- March 24, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Japan's ruling bloc seeks delay in new accounting rule for fixed
assets
TOKYO, March 24 (Xinhua) -- A project team of Japan's ruling
coalition on financial affairs agreed Monday to call for a two- year
delay in the government's plan to introduce a new mark-to- market
accounting rule for fixed assets.
The demand is part of an emergency package to bring deflation
under control and protect the Japanese economy from adverse effects
of the war in Iraq, Kyodo News reported.
The Japanese government plans to introduce an accounting rule in
fiscal 2005 that will require companies to book appraisal losses on
real estate holdings, such as office buildings and ...