• Register
Return to: Home > News > Regulation > IFRS-based Nikkei index to be launched in Japan

IFRS-based Nikkei index to be launched in Japan

The Japan Exchange Group (JEG) and the media organisation Nikkei will create an index called JPX-Nikkei Index 400, whereby "adoption" or "scheduled adoption" of IFRS, is among the selection criteria for its 400 stocks.

The JPX-Nikkei Index 400 will include companies "with high appeal for investors, which meet requirements of global investment standards," the Tokyo Stock Exchange, a subsidiary of the JEG's, said in a statement.

The bourse operator said the index aims at promoting an efficient use of capital and investor-focused management perspectives as a means to revitalise the Japanese stock market.

Apart from the adoption of IFRS, other qualitative factors of the index's scoring include the appointment of at least two outside directors and the disclosure of earnings in English.

In a report published in June, the Business Accounting Council of Japan anticipated that stock exchanges "are expected to take the application of IFRS into account" when selecting companies for the new index.

The JPX-Nikkei Index 400 will start to be measured from 6 January 2014.


Related article

Japan enhance use of IFRS

Related link

Tokyo Stock Exchange

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.