July 16, 2021

The BoJ introduced a first green funding for lending scheme

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In Short

Today the Bank of Japan concluded a two-day policy meeting with the announcement of the “Preliminary Outline of the Fund-Provisioning Measure to Support Efforts on Climate Change (Climate Change operations).”
The BoJ introduced a first green funding for lending scheme
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Highlights:

 
  • 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.

 

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The BoJ introduced a first green funding for lending scheme
July 16th, 2021
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