Sayuri Shirai of the Asian Development Bank Institute explores innovative financing schemes suitable for emerging and developing economies to help achieve climate and environmental goals.
Central banks, financial institutions, and large companies are increasingly embracing green finance and investment to meet climate goals and achieve carbon neutrality.
The Bank of Japan has not only been a pioneer in pursuing unconventional monetary policy, but has also become a reference point for other central banks.
Central banks and financial regulators should treat climate risk as one of the major financial risks.
Investment in clean energy projects has been severely inadequate due to poor climate policy implementation and limited capital inflows to fund decarbonization efforts.
Central banks are facing a range of growing challenges that have arisen from recent trends in aging populations, low productivity, and new technology and innovation.
Given technology's rapid progress, it is possible that central banks may increase their interest in digital currency proposals based on distributed ledger technology.
Cash demand tends to grow with a decline in the policy rates and with an advancement of aging.
Digital coins have attracted considerable attention globally because of their potential to serve as a new type of payment tool.
Unconventional monetary easing by the Bank of Japan (BOJ) since 2013 has contributed to the yen’s depreciation, higher stock prices, and higher corporate profits.
The Bank of Japan’s purchase of exchange-traded funds under monetary easing policy is unprecedented in scale and duration among major central banks.
The development of financial technology has already radically altered the landscape of the financial system in Asia and promises to have an even greater impact in coming years.