BOJ Kuroda calls on c.banks to take “advanced” steps regarding climate risks

TOKYO, March 25 (Reuters) – Japan Bank Governor Haruhiko Kuroda on Thursday called on central banks to take “forward steps” in managing climate change risks and make steady progress in tackling related challenges.

“Of course, setting a course to reduce greenhouse-effect missions is primarily the responsibility of governments,” Kuroda said in an international workshop on climate-related financial risks, organized by BOJ.

“Meanwhile, climate change has a significant impact on central bank policy management. “Given its strong impact on economic activity and the financial system in the medium and long term, central banks must take the necessary measures against the impact of climate change,” he said. (Leik Kihar Report; edited by Toby Chopra)