What’s Happening in the World Economy: The New Climate Warriors
Hello. Today we look at how central banks are worrying about the environment, the economic challenges posed by the menopause and the impact of the pandemic to accessing finance in emerging markets.
Central Banks Go Green
The Bank of Japan pulled one of its periodic surprises out of the bag on Friday by flagging a new tool to support efforts to address climate change.
While Governor Haruhiko Kuroda said the BOJ was mulling what could be done on this front last month in an exclusive interview with Bloomberg News, no one expected an announcement so soon.
Details will follow next month, but what we know for now is that the BOJ will soon start providing funds for banks lending to climate-friendly businesses.
The move follows a Bank of England…