BOJ Kuroda highlights need to fund transition toward greener operations

BOJ Kuroda highlights need to fund transition toward greener operations
© Reuters. FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday it was important to provide financing to industries that require a long period to transition toward greener operations.

\”Although responding to climate change is an urgent priority, the completion of full decarbonization will take considerable time,\” Kuroda said a speech delivered to the Paris Europlace online forum.

\”In promoting decarbonization of the economy as a whole, it is important to provide stable support for structural change in sectors and industries where decarbonization will be difficult to achieve in a short period of time,\” he said.

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