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MNI BRIEF: BOJ's Climate Operations Are "Effective" - Amamiya

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan Deputy Governor Masayoshi Amamiya said on Sunday that the BOJ’s Climate Response Financing Operations are the most effective way to provide financial support not only to large corporations but also to small and medium-sized enterprises in their efforts to achieve net zero.

Since financial intermediation in Japan is mainly based on indirect financing, the operations, “which provide funding for investments and loans that contribute to decarbonization via banks can be regarded as the most effective way to provide financial support not only to large corporations but also to small and medium-sized enterprises in their efforts to achieve net zero,” Amamiya said at the 2022 Autumn Annual Meeting of the Japan Society of Monetary Economics.

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Bank of Japan Deputy Governor Masayoshi Amamiya said on Sunday that the BOJ’s Climate Response Financing Operations are the most effective way to provide financial support not only to large corporations but also to small and medium-sized enterprises in their efforts to achieve net zero.

Since financial intermediation in Japan is mainly based on indirect financing, the operations, “which provide funding for investments and loans that contribute to decarbonization via banks can be regarded as the most effective way to provide financial support not only to large corporations but also to small and medium-sized enterprises in their efforts to achieve net zero,” Amamiya said at the 2022 Autumn Annual Meeting of the Japan Society of Monetary Economics.

Keep reading...Show less