A Difference of Sense between Japan and US about Disclosure
田中, 真由美Tanaka, Mayumi
210 , 2016-07-21
In the middle of 1980s, Japanese company had important part in the world economy. The source of power was Japanese management style. The style included Keiretsu. Keiretsu have an enterprise group with linked capital. For example, Mitsubishi, Sumitomo Group and so on. A deficit in trade with Japan triggered the Japan-US Structural Impediments Initiative talks. In the talks, US pointed out Keiretsu relationship. And US urged to improve that. Japan accepted US requirement. After that, Japan corresponded to improve Japanese accounting disclosure system. The accounting disclosure system took in segment information.