He kindly went through many of the discussions held at International Accounting Standards Board (IASB), regarding the Japanese accounting converging IFRS. One of the impressive part was the push back from Japan in terms of cross-shareholding that not everything will be included as losses/gains in the comprehensive income.
It is hard to comment about this from my stand point, having some foreign investors as clients, and some Japanese companies on the other hand. But from my personal view as a Japanese, I think these are sometimes necessary evil to save the high-end technology in the Japanese companies from short-termed large capital.
Alameda, CA 94501
The new agency will gather people, operation and regulation from 9 ministries/agencies and 1 committee, adding 29 laws under the control.
The preparation is said to be focusing on areas such as Specified Business Transaction Law and Money Lending Business Law which will be operated jointly with other ministries. It might affect consumer finance industry, credit loans, english and cram schools, again?