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Climate Change

BOJ climate change plan stirs debate over central bank role

New funding scheme supports decarbonization, but faces challenges

The Bank of Japan is trying to develop a financing plan for decarbonization. (Source photos by Shinya Sawai and screenshot from Bank of Japan's website)

TOKYO -- The Bank of Japan has unveiled a plan to boost funding to counter climate change in a surprise move to catch up in a field where it has lagged behind its counterparts. The new funding scheme is designed to be carefully calibrated so that the central bank can remain market neutral while supporting companies that go green.

Striking the right balance, however, may prove easier said than done.

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