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Japan's mega banks vow not to finance new coal plants
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Japan's mega banks commit to varying degrees to stop financing new coal power projects as pressure mounts on the world's third-largest economy to take stronger climate action.
PHOTO: NOBLE GROUP
Walter Sim Japan Correspondent In Tokyo, Walter Sim
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Japan's mega banks have announced commitments of varying degrees to stop financing new coal power projects as global pressure mounts on the world's third-largest economy to take stronger climate action.
The country's second and third-largest lenders - Mizuho Financial Group and Sumitomo Mitsui Financial Group (SMBC) - unveiled their pledges last week.
