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Tokyo and City of London to deepen collaboration to achieve sustainable finance

Tokyo wants to strengthen its connections with the City of London by fostering financial cooperation and information sharing


Tokyo and City of London to deepen collaboration to achieve sustainable finance

TOKYO, June 30 (Reuters): According to Governor Yuriko Koike, Tokyo wants to strengthen its connections with the City of London by fostering financial cooperation and information sharing while advancing the movement toward sustainable finance. Governor Yuriko Koike had met the financial experts, former Bank of Japan deputy governor Hiroshi Nakaso, London's Lord Mayor, and Vincent Keaveny to discuss the same on Thursday.

Koike told the media, "We exchanged views on how Tokyo and the City of London can collaborate in tackling sustainable finance as we face the global energy crisis." The discussion on sustainable financing measured in light of the energy crisis dominated Thursday's conference. 

Since Tokyo started its campaign to become a financial centre in 2017, the metropolitan administration of Tokyo has been expanding its cooperation with the City of London. Given the meeting, Keaveny said, "Now the world is facing a serious challenge, as we see the inconceivable war in Ukraine taking place and its effects on the world, and in particular on the supply of energy." He added, "This makes it more important than ever that we accelerate a push towards renewable energy."

Apart from this, Keaveny said, as they were seeking coherence in global standards and pushing for financial transitions, they were also intrigued by focusing on the importance of voluntary carbon markets.

Source: https://www.reuters.com/business/sustainable-business/tokyo-city-london-seek-deepen-collaboration-sustainable-finance-2022-06-30/ 

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