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  • Japan's Financial Services Agency Hosts The First Meeting For Discussion On The Future Japanese Corporate Accounting Framework

    Date 29/09/2008

    The meeting was held on July 31, 2008, to enable discussion on the future Japanese corporate accounting framework. The participants of the meeting include representatives of the standard-setters of the Japanese corporate accounting as well as experts in this area from the academia and the private sector.

  • Statement By US Treasury Secretary Henry M. Paulson, Jr. On Emergency Economic Stabilization Act

    Date 29/09/2008

    Treasury issued the following statement by Secretary Henry M. Paulson, Jr. on the Emergency Economic Stabilization Act of 2008: I thank my colleagues on both sides of the aisle for their hard work over a very short time period to craft strong legislation that will enable us to strengthen our financial markets and promote the flow of credit to businesses and consumers that is so vital to our economic growth and prosperity.  This bill provides the necessary tools to deploy up to $7

  • Experts See Weaker Dollar, But No Collapse, As Result Of Financial Crisis

    Date 28/09/2008

    Losses in US credit meltdown likely to top US$ 1 trillion Asian, Middle East demand for dollar assets expected to remain strong De-leveraging of US, European banks poses deflationary risks, but inflation threat also seen The dollar may rebound against the euro and sterling in 2009, as economic downturn in Europe worsens

  • Global Economic Outlook Dim, But Developing World To Grow

    Date 27/09/2008

    Asia, Middle East and Europe to keep the global economy growing, but at a slower pace Period of tepid global growth likely to last until 2010, depending on timely policy action in the US US economic growth to be below trend for many years China’s GDP growth to slow in near term, although there will be no recession

  • Financial Turmoil Underscores Need For More Global Cooperation And Regulation

    Date 27/09/2008

    The priority is to restore confidence and recapitalize the financial system so that markets can function again The adoption of international accounting standards and internationally accepted regulatory norms is critical Companies need to refocus efforts on risk management, better governance and responsible leadership

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