IMES DISCUSSION PAPER SERIES Discussion Paper No. 2006-J-1 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp
IMES Discussion Paper Series 2006-J-1 2006 1 * JEL classification: M41 * E-mail: mineko.furuichi@boj.or.jp
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1 2004 7 2 2005 12 5 5 3 6 5 21 2005 6 1 1 2 [2005] 3 5 2005 6 5 9 1 1
4 2001 6 5 6 2001 6 2 4 2 1 2003 10 2004 12 2005 2 3 6 2006 5 2005 6 6 [2003] 2001 6 p.2 2
3 4 5 7 8 2 9 7 FASB Statements of Financial Accounting Concepts FSAB IASB Framework for the Preparation and Presentation of Financial Statements IASB FASB 5 FASB[1984] 35 pars.45-46 p.232 IASB IASB[1987] return on capital return of capital par.105 p.41 IASB IASB IASC 1989 2001 IASB IASC IASB 8 FASB[1985]par.49 p.308 IASB[1987]par.49(c) p.32 3 1 9 3
1949 11 12 13 14 10 [1994] [1996] [1996] [2002] [2002] [2002] [2003] [2003] 11 [2003] p.165 [1994] 1 p.2 [1998] 1930 pp.1-4 12 2 [1996]pp.22-23 13 14 [2003]p.84 4
15 16 [2002] p.19 2 [1996] 15 [2004]p.245 16 3 4 5
p.23 [2002] p.18 17 18 [2003] p.145 [1994] 17 [2002] 2001 6 18 [2002]p.65 [2003]pp.165-166 6
p.207 19 20 21 22 1 19 [2005]p.115 20 [2003]p.159 21 FASB SFAC 6, par.70 [2004]p.80 22 [2004]p.79 FASB[1990]par.65 7
2 23 24 25 26 27 23 [2004]pp.89-90 24 25 26 27 [2005]p.223 8
2 2 2 28 29 28 [1998]pp.76-77 29 9
30 31 30 [2003a]p.23 31 [2004] p.2 [2005]p.170 10
32 33 SFAC 6, par.25 p.237 par.35 p.301 par.49 p.308 34, 35 32 [2003a]p.19 33 [2005]p.222 [2003a] 34 [2005] p.178 35 [2004]pp.239-240 11
2004 7 4-6 2 36 37 38 30 1 [2004]pp.239-24 36 [2005] p.170 37 [2005]p.60 38 [2003a] [2004] [2005] 12
39 40 3 3 41 2 39 [2004]p.88 40 [2001]p.6 2 41 [2003a] [2004] 13
FASB 1990 FASB[1990] 1996 1 2003 5 SFAS 150 42 43 2 44 1 2005 7 2 2 45 42 FASB [2005] [2005b] 43 IASB 2004 3 IAS 32 [2005] 44 2 45 IASB 2004 4 IASB FASB 2 FASB 2005 4 IASB [2005b] 14
48 49 1,000 168 4 1 50 2 51 52 46 47 [2001] [2003] [2004] [2005] [2005] 48 5 49 50 170 1 172 177 1 3 280 7 280 14 1 173 181 184 185 280 8 192 280 13 192 2 280 13 2 200 2 51 290 1 293 5 3 4 210 3 210 2 240 3 2 5 52 15
2 53 288 2 54 55 4 1 10 1 10 1 288 498 1 21 375 1 3 376 1 53 [2003] [2004] [2005] 54 [2004]p.504 55 [2005]pp.572-573 16
56 57 58 56 289 1 293 3 283 1 281 1 4 293 3 21 31 1 21 7 3 2001 6 4 1 289 2 57 290 1 210 3 293 5 3 290 1 210 2 2 293 5 5 58 [2003]p.3 17
59 60 1880 61 1899 4 1 1938 1962 10 1974 10 1990 59 60 [2003] p.4 p.5 61 1890 4 1 5 [2002a] [2003] [2005a] [2005] [2002b] [2005b] 18
10 1,000 1990 62 63 64 1970 65 62 [1985a] [2001] [2003] [2002a b] 63 [2001]p.5 64 [1998]p.18 [2003]p.188 65 19
66 [2001] 67 p.5 2001 1977 1.25 1979 [2003]pp.176-178 [2003] [1985a b] [1998] [1998] [2001] [2001] [2005] 66 [2001]p.15 2001 6 [2005] 67 65 20
6 2005 6 68 2001 13 6 69 2001 6 70 2 1 284 2 71 4 1 289 2 72 68 [2005] 69 2001 6 [2001] [2002] [2002 2003] [2002a b] [2001] [2004] [2005a] [2004] [2005] 70 [2003]p.4 [2001]p.21 71 2 1 1 5 72 1998 2001 21
73 74 2001 288 2 75 222 1 3 76 2001 11 2003 293 5 3 5 73 [2004]p.506 74 289 2 289 4 376 380 [2004]p.508 75 2001 288 2 1 4 2001 70 [2004]p.623 76 [2005]p.95 22
222 8 77 78 4 1 4 1 288 79 80 2001 6 2005 6 2005 11 81 77 2001 11 78 76 79 2001 289 2 80 [2001] p.21 81 [2004 2005] [2005b] [2005a b] [2005] 23
1 82 1,000 445 1 447 1 83 2002 11 5 2 84 4 1 289 2 85 10 1 86 4 [2005] [2005] [2005] [2005] [2005] 82 83 11 84 85 [2005]p.574 86 10 1 288 10 [2005b]p.28 24
3 87 4 88 89 90 87 [2005]p.291 88 446 [2005] 89 88 461 2 [2005] 90 25
454 4 300 458 91 10 1 445 4 92 19-20 4 1 226 6 10 1 5 447-452 1 91 [2005]p.180 462 1 2 463 1 463 2 92 4 1 20 1 1 2 1 26
23-25 26-27 1 32 34 40 65 93 6 2 18 2 19 94 2 107 1 2 3 108 1 5 6 93 2005 12 2 94 6 [2005]pp.46-48 94 155 27
166 1 2001 6 3 1 95 2 2001 6 2005 11 95 1,000 300 28
2004 5 5 18-21 29
1 FASB [2005] 96 2 2 96 5 18-22 30
2 1 97 FASB IASB 98 99 97 [2004] 98 IASB 2005 6 IAS 37 Provisions Contingent Liabilities and Contingent Assets FASB 2005 9 Selected Issues Relating to Assets and Liabilities with Uncertainties 99 [2003b] 31
100 3 2005 8 IASB IFRS 1 Capital Disclosures 101 102 103 100 [2003b] [2004] [2005] 101 capital managing 102 [2005a]pp.67-68 103 BIS BIS [2004] [2005] 32
2001 6 104 2001 6 2002 2 1 51 2 88 93 2001 6 89 104 [2005]p.94 33
105 [2003] 88 p.157 105 [2002]pp.12-13 34
[2005] 35
404 2005 2005 a 167 5 2005 b Vol.48 No.1 1996 153 1 1998 162 2 2002 164 3 2003 IMES Discussion Paper No.2005-J-21 2005 1996 No.1601 2001 3 2004 No.1721 2005 a No.1726 2005 b No.1086 2005 No.1723 2005 36
Japan Research Review 9 2004 54 2 2002 a Vol.54 No.7 2002 b 1994 Vol.57 No.9 2005 23 2 2004 Jurist No.1267 2004 7 2005 Vol.53 No.12 2001 2005 Vol.57 No.9 2005 2 2003 165 3 2004 Vol.54 No.6 2002 2005 3 2005 Vol.57 No.9 2005 Vol.58 No.3 1998 Vol.57 No.9 37
2005 23 2 2004 3 2004 159 5 2001 Vol.55 No.7 2003 a IMES Discussion Paper No.2003-J-17 2003 b 3 2005 No.1086 2005 No.1086 2005 162 5 2002 2004 2005 111 9 10 2005 56 21 2005 1 No.262 2002 a 2 No.263 2002 b 162 3 38
2002 10 2005 Vol.54 No.7 2002 No.1601 2001 153 2 1998 Vol.54 No.6 2002 2003 No.1295 2005 IASB 42 JICPA No.597 2005 a IASB 44 JICPA No.599 2005 b 102 3 1985 a 102 5 1985 b Financial Accounting Standards Board (FASB), Discussion Memorandum: Distinguishing between Liabilities and Equity Instruments and Accounting for Instruments with Characteristics of Both, Norwalk, CT: FASB, 1990., Statement of Financial Accounting Concepts No.5 Recognition and Measurement in Financial Statements of Business Enterprises, Norwalk, CT: FASB, 1984. FASB 2002, Statement of Financial Accounting Concepts No.6 Elements of Financial Statements, Norwalk, CT: FASB, 1985. FASB 2002 International Accounting Standard Committee (IASC), Framework for the 39
Preparation and Presentation of Financial Statements, 1987 (adopted by the IASB in 2001). 2001 40