In addition to above three key initiatives, the report also touched on the following in connection with the use of IFRSs:
1. Composition of a new stock price index
It is expected that stock exchanges would consider the use of IFRSs in selecting public companies that comprise a new stock price index to be developed.
2. Mandatory use of IFRSs
The report notes that it is not the appropriate time to decide on mandatory use of IFRSs in Japan. Discussions shall continue among constituents, based on future review of the results of the initiatives in the report (including the increase in IFRS users in Japan) and in light of the international environment such as developments in the United States and standards development by the IASB.