The Bank of Japan has released the agenda of the June monetary policy meeting.
Many policymakers commented that the Bank of Japan is now in a phase to show the direction of what kind of contribution it can make in terms of monetary policy, regarding the response to the climate change problem. It turned out that the introduction of the mechanism was decided.
On the 21st, the Bank of Japan announced the agenda of the monetary policy meeting held in June.
At this meeting, it was decided to introduce a new financing mechanism to support investment and financing by private banks and others in response to climate change issues.
According to the agenda, after some policymakers pointed out that the central banks of each country are considering responding to climate change issues, many policymakers said, "The Bank of Japan also has a monetary policy aspect. It is time to consider what kind of contributions can be made from the bank and show the direction. "
On that basis, multiple committee members said, "The BOJ itself should avoid judging whether individual companies and businesses are green as much as possible." There was an opinion that it should be entrusted to a financial institution.
Regarding the new financing mechanism to deal with the climate change problem, the Bank of Japan will lend to banks at zero interest rate at the meeting in July, provided that financial institutions disclose certain information. I have decided that.