BoJ to offer zero-interest loans for climate projects
Central bank highlights five areas of focus in new climate strategy
The Bank of Japan is to offer zero-interest loans to banks that invest in projects that seek to curb climate change, as part of a wider green strategy.
At its July 16 monetary policy meeting, the BoJ kept its main tools on hold, but announced a new “fund provisioning measure” for green finance. The tool has some similarities to ‘funding for lending’ programmes at other central banks, but it is targeted solely at climate-friendly projects.
The BoJ will offer zero-interest loans for a maturity
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