In the context of our economy, we can safely say that the Government and the Reserve Bank were closely monitoring the developments both globally and in India and have calibrated the fiscal, monetary, and regulatory responses depending upon the nature and intensity of the impact.
Central Bank’s Mandate and Market Neutrality As the central bank of Japan, the Bank has been actively engaging in these international discussions and communicating with financial institutions. In addition, the Bank has set up an internal network, the Climate Coordination Hub, to enhance bank-wide initiatives on climate change. As I mentioned earlier, various stakeholders across jurisdictions have recently accelerated their efforts concerning climate change.