The Bank of Japan will consider climate change in its monetary policy discussions, Governor Haruhiko Kuroda said on Thursday.
“We have a great interest” in climate change, and its impact on the economy and the financial system, Kuroda said in an interview. “Naturally, how we respond to this at the level of monetary policy will become a topic of discussion.”
The comments come amid growing debate among central bankers over whether or how they should support efforts to counter climate change, following a series of pledges by governments, including the US, China and Japan, to reduce greenhouse emissions.
Touching on another key theme
Chancellor calls on G7 to work together to secure a green global recovery
Chancellor Rishi Sunak today (28 May) called on G7 members to take collective action towards securing a green and global economic recovery.
From:
28 May 2021
Chancellor Rishi Sunak co-hosted a virtual meeting of G7 Finance Ministers and Central Bank Governors with Bank of England Governor Andrew Bailey earlier today (Friday 28 May)
He called on counterparts to continue working together to secure a green and sustainable global economic recovery – and ensure tackling climate change is prioritised in economic and financial policy
Today’s virtual meeting comes ahead of next week’s in-person G7 Finance Ministers’ Meeting that will take place in London 4-5 June.
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(Bloomberg Markets) Central bankers around the world are mulling the future of their massive bond-buying programs in a post-pandemic world, knowing that with big balance sheets come big expectations.