BOJ Boosts Climate Loans Amid Central Bank Debate on Global Warming Role

The Bank of Japan is increasing its climate change-linked lending despite debate over the role of central banks in addressing global warming.

With the impact of human-induced climate change already visible, some are calling for central banks to take more proactive steps. However, they face the challenge of not straying beyond their mandates.

The BOJ has no shortage of immediate challenges, including the yen's historic weakness and soaring bond yields. Despite this, it is steadily increasing its climate loans, with some arguing that it should be doing more to aid efforts to tackle global warming.