Japan: Market Participants Get Involved in XBRL for Corp Actions Taxonomy

Tokyo - The Japanese market has seen interest in adopting XBRL for corporate actions, and industry discussions have resulted in cross-border co-operation in the creation of a corporate actions taxonomy, officials tell Inside Reference Data.

Japan has already adopted XBRL for financial reporting. Local issuers submit corporate disclosure information to Tokyo Stock Exchange, and statutory disclosure information to the regulator the Japan Financial Services Agency.

More recently, there has also bee