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Climate Change

Japan finance watchdog to oversee banks' climate change policies

FSA to help raise decarbonization funds while calling for more transparency

New guidance from the FSA is hoped to change banking policy in order to fund green initiatives by companies.   © Reuters

TOKYO -- Japan's Financial Services Agency will urge banks and companies to accelerate decarbonization by adding climate change measures to its bank guidance policy, favoring companies that want to invest in renewable energy.

The financial watchdog will also request companies to disclose information related to climate change.

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