✉news BusinessBanking first seen 11 h ago, last 5 min 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 has increased its lending programme supporting climate action, offering funds to banks that finance green initiatives. The move lands amid an ongoing debate over how far central banks should go in promoting environmental goals, with critics arguing climate policy is beyond monetary authorities' remit while supporters see it as a financial stability issue.
Why now: Central banks' role in fighting climate change is a live policy controversy, and the BOJ's expanded programme adds fuel to it.
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