Yoshiaki Wada, Director, The Bank of Japan
I am XBRL in Action because the Bank of Japan started the live use of its XBRL based data gathering scheme with financial service institutions in February 2006. Since then, we have gradually expanded the range of reports, and also implemented the latest technology such as Formula-link and Dimensions. Although XBRL is not mandatory in our scheme, all FSIs have voluntarily submitted data in XBRL format. Our scheme has worked without fatal problems and has proved to be reliable. It is our pleasure to share our experience on XBRL with all people who are working on implementing XBRL.
