✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #2
Bank of Japan expands climate lending amid green mandate debate
Original: BOJ ups climate loans as debate swirls on how green central banks should be
The Bank of Japan is increasing its lending scheme that offers funds to banks financing climate action, even as central bankers and economists argue over how far monetary institutions should go in supporting green policies. Supporters see climate lending as a way to address financial risks from global warming, while critics say central banks are overstepping their mandates by pursuing environmental goals beyond price and financial stability.
Why now: Central banks' role in climate policy is a live global debate, and the BOJ's expansion gives it fresh focus.
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