Japan finance watchdog to oversee banks' climate change policies

FSA to help raise decarbonization funds while calling for more transparency

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

MARI ISHIBASHI, Nikkei staff writer

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.

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