• Bank of Japan Governor calls for 'learning by doing' approach on climate change

Market news

27 July 2021

Bank of Japan Governor calls for 'learning by doing' approach on climate change

Reuters reports that Bank of Japan Governor Haruhiko Kuroda said the central bank will roll out steps deemed important for dealing with climate change, and stand ready to modify them as needed.

Kuroda said the BOJ must assist private-sector efforts to combat climate change as increasing natural disasters and a transition towards a carbon-free society could affect economic, price and financial developments in the long run.

Uncertainty over what is considered "green" and debate over how best to deal with climate change should not discourage central banks from acting now rather than later, he said.

The BOJ edged closer to uncharted territory earlier this month by laying out details of a new scheme aimed at funding activities for combating climate change. read more

The central bank also released a list of other steps it will take on climate change, including a plan to start buying green bonds using its small pool of foreign reserves.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.