ASBJ issues Partial Amendments to Accounting Standard for Retirement Benefits (Part3)

The Accounting Standards Board of Japan (ASBJ) has today issued an Accounting Standard – ASBJ Statement No.19 Partial Amendments to Accounting Standard for Retirement Benefits (Part3).

The objective of the Accounting Standard is to remove the treatment, which provides that an entity may use the discount rate determined taking into consideration fluctuations in the yield of bonds over a certain period, in Note 6 of Interpretive Notes to the Accounting Standard for Retirement Benefits.

The document is available in Japanese only.