In this regard, the Bank's approach is sufficiently flexible to respond to changes in the situation, allowing it to tackle this important challenge as promptly as possible. The Bank presented specific conditions for the fund-provisioning in the preliminary outline. The interest rate of 0 percent will be applied and the implementation period will last until the end of fiscal 2030.
Through this measure, the Bank will support financial institutions' efforts on climate change over a long period. It will work out further details through an exchange of opinions with financial institutions and other entities and will likely start its fund-provisioning within 2021. Addressing climate change is becoming an inevitable business challenge for firms and financial institutions.