Bank of Japan revises down GDP forecast, details green fund


The central bank is to provide green loans at a rate of zero per cent to enhance investment in green initiatives to tackle climate change. - Reuters

TOKYO (AFP): The Bank of Japan on Friday (July 16) revised down its growth forecast for the current fiscal year and laid out details of its first green fund, announced last month.

The central bank kept its key monetary easing measures unchanged, and maintained its longstanding two-per cent inflation target, which remains far off despite years of efforts.

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Japan , economy , GDP , growth , green , fund

   

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