To this end, joint efforts among industry, academia, and the government are indispensable. In order to prevent Japan from falling behind the rest of the world in the green transformation so that the hollowing out of industries in the country does not accelerate, the government is expected to make further efforts in terms of fiscal and institutional arrangements.
At the same time, the Bank will firmly support private financial institutions' various efforts in fields related to climate change through its new fund-provisioning measure. Meanwhile, on the financial front, giving consideration to market neutrality is important in proceeding with the aforementioned initiatives. This is particularly true in Japan, where a notable number of industries is supported by indirect financing.