Whether a central bank should be more proactive in introducing measures to support sustainable finance deserves further discussion in the context of the central bank's mandate and the market neutrality of monetary policy measures. These issues relating to monetary policy will not be discussed in detail at this workshop. Nevertheless, they are important topics, and the Bank of Japan will continue to explore them.
Climate change and financial system stability, the topic of this workshop, has come to be recognized as an important issue to be addressed by central banks, as climate change could destabilize the financial system in the medium to long run. II. Increasing Understanding of Climate-related Financial Risks Against this background, there has been remarkable progress in the understanding and management of climate-related financial risks.