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Finance

Japanese watchdog wants asset managers to focus on ESG

FSA set to revise stewardship code for the first time since 2017

The code will be nonbinding, but many institutional investors will likely comply.

TOKYO -- Japan's financial watchdog will revise its code of conduct for institutional investors next spring, urging them to focus for the first time on the environment, society and governance, or ESG, when making investments.

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