On April 17, 2023, the FASB held a meeting with the Accounting Standards Board of
Japan (ASBJ). The meeting was the 32nd in a series of biannual meetings that the two
standard setters hold to further their “cooperative efforts to develop high-quality
global accounting standards.” The two boards exchanged views on technical topics in
which they both have an interest, including (1) the accounting for crypto assets and
(2) international tax reform.
The next meeting between the FASB and ASBJ is expected to be held in the second half
of 2023. For more information about the latest meeting, see the press
release on the FASB’s Web site.