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ASBJ releases Accounting Standard for Quarterly Financial Reporting and its Implementation Guidance

The Accounting Standards Board of Japan (ASBJ) released Accounting Standard for Quarterly Financial Reporting and Guidance on Accounting Standard for Quarterly Financial Reporting on March 14, 2007. The standards and the implementation guidance will become effective from periods beginning on or after April 1, 2008, in line with the implementation of quarterly reporting requirements under the Financial Instruments and Exchange Law.