Over the waves: accounting flowed into Japan
Over the waves: accounting flowed into Japan

Summary/Abstract: This is the first trial to survey historically the import and results of the foreign accounting methods in Japan. The western bookkeeping was first introduced in 1873, and especially spread on banks. It replaced the Japanese ways of bookkeeping which had been designed by some rich merchants. „Business Accounting Principles”, announced in 1949, governed Japanese accounting practice for long years but could not respond to the financial crisis, notwithstanding repeated revision, and brought about „Accounting Big Bang”. In conclusion, Japanese accounting institutions were indispensable elements for the economic development.

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