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Caution Needed on ESG Bonds, Top Japanese Finance Official Says

  • Vice minister says the bonds may make borrowing less efficient
  • France, Germany, Italy and the U.K. have already issued them
Updated on

Japan may have cold feet on ESG bonds.

That was the impression left by top finance ministry official Masato Kanda this week. Kanda said a bigger market for bonds that take into account environmental, social and governance issues is a good thing, but he listed an array of hurdles that might make the government reluctant to leap in soon.