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Toyota and Japan's mega banks join body to fund hydrogen projects

The JH2A to take lead in using clean energy amid global green push

Toyota is expected to launch a new model of a hydrogen-fueled car, Mirai, within the month.   © Reuters

TOKYO -- Eighty-eight Japanese companies including Toyota Motor and the country's three mega banks joined the Japan Hydrogen Association that was set up on Monday to encourage the wider use of hydrogen by establishing a fund and supporting new projects.

Members of the association, shortened as JH2A, include hydrogen supplier Iwatani and Japan's biggest banks -- Sumitomo Mitsui Financial Group, Mizuho Financial Group and Mitsubishi UFJ Financial Group.

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