Economics

BOJ Flags Novel Step to Aid Post-Covid Climate Change Moves

  • Bank will help private-sector transition via lending measure
  • Move seen pushing BOJ toward ECB on climate and away from Fed
Haruhiko Kuroda at the central bank's headquarters in Tokyo on May 27.Photographer: Shoko Takayasu/Bloomberg
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The Bank of Japan surprised investors by joining other central banks with a measure to combat climate change that shows it already has an eye on the issues facing a post-Covid world.