It conducted its first operation under the measure in December 2021, through which funds amounting to more than 2 trillion yen were provided. The result of the operation seems to indicate that financial institutions have already made a certain amount of climate changerelated investment or loans.
This raises the possibility that investment made by firms to address climate change, including by small and medium-sized firms, will be larger than anticipated. While this is expected to bring about a long-term expansion in domestic investment, the Bank will continue to closely monitor firms' initiatives and investment plans. III.