The BoJ introduced a first green funding for lending scheme
- The Bank of Japan (BoJ) announced today a first green funding for lending scheme with a 0% interest rate. While the BoJ addresses the topic of climate change, its incentives for financial institutions to do so remain rather limited.
- Moreover, it revised down its growth forecast but revised up its inflation expectations.
- Separately, there are rising market expectations regarding another supplementary budget ahead of the elections in autumn.