Publication of Practical Response Report No. 40, “Handling of Hedge Accounting for Financial Instruments Referencing LIBOR”

The publication of LIBOR will end at the end of December 2021, and the interest rates referenced for contracts that refer to LIBOR may change. The Accounting Standards Board of Japan was considering the accounting problems caused by this, including the necessity of developing standards. At the 442nd Accounting Standards Board of Japan held on September 24, 2020, the publication of “Handling of Hedge Accounting for Financial Instruments Referencing LIBOR” was approved.

https://www.asb-j.jp/jp/practical_solution/y2022/2022-0317.html