Accounting in Japanese corporations

Cost designing for product development

Authored by: Hiroshi Okano

Routledge Handbook of Japanese Business and Management

Print publication date:  February  2016
Online publication date:  January  2016

Print ISBN: 9780415734189
eBook ISBN: 9781315832661
Adobe ISBN: 9781317859550

10.4324/9781315832661.ch11

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Abstract

During the ‘Lost Decade’ following the collapse of Japan’s economic bubble in the early 1990s, one Japanese company after another made a shift in personnel evaluation to systems centring on individual performance, e.g. merit-based pay systems, and pushed through accounting reforms. Another set of major reforms was conducted during the economic crisis stemming from the subprime mortgage meltdown in the United States. Having long played an unsung role since the end of the Second World War, management accounting is now being taken advantage of by various players as a form of technology to give direction to reforms. One may well wonder what other roles management accounting will assume from here on. 1

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