Tokyo to make sustainable finance core in strategy as global hub

TOKYO -- Tokyo Gov. Yuriko Koike said Monday that promoting sustainable finance will be at the core of the city's updated strategy to become a global financial center under the Tokyo Global Financial Center concept, which Koike introduced in 2017.

Developing finance for decarbonization "will lead to our increased presence as an international financial city," Koike said in a video message at the Nikkei Virtual Global Forum. Tokyo will support the issuance of green bonds by covering some associated costs and also attract fund managers and fintech startups that have expertise in green finance, she said.