FY2011 Tax Reform in Japan Concerning Asset Depreciation

I would like to share with you about FY2011Tax Reform in Japan. (executed from April 1, 2012)

1. Background 

In Japan, the FY2011 Tax Reform will be enforced and the new depreciation rule will be executed since April 1, 2011.
The outline of the revision was published on December 16 2010 from Japan's Ministry of Finance, but the final legislation has not been published yet.

The outline of new depreciation system is as follows (this is the extract from the outline of tax reform 2011 by Ministry of Finance Japan);

- For depreciable declining balance assets which are acquired on or after April 1, 2011, the depreciation ratio should be 200% (currently 250%).