BOJ to highlight climate risks in bank examinations next year

BOJ to highlight climate risks in bank examinations next year

The Edge Markets - World·2021-03-31 05:09

TOKYO (March 30): The Bank of Japan (BOJ) said it will highlight climate change risks as among key themes in its bank examinations for the year beginning in April, joining major peers in looking more closely at the effects of global warming on financial institutions.

Japan does not stress-test financial institutions on climate risks, and policymakers said doing so would take time due to a lack of data and the challenge of coming up with viable scenarios.

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Business Bank

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