Tokyo aims to boost ties with City of London

TOKYO Reuters Tokyo aims to strengthen its relationship with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards sustainable finance, Governor Yuriko Koike said on Thursday.

Koike told reporters about how Tokyo and the city of London can collaborate in tackling sustainable finance as we face the global energy crisis, and financial experts, including former Bank of Japan deputy governor Hiroshi Nakaso.

Since 2017 Tokyo's metropolitan government has been deepening its collaboration with the City of London when it launched its bid to become a global financial hub.

The meeting focused on initiatives on sustainable finance in light of the energy crisis.

The world is facing a serious challenge at this time, as we see the inconceivable war in Ukraine taking place and its effects on the world, and in particular on the supply of energy, Keaveny said. This makes it more important than ever to move towards renewable sources of energy. Keaveny said they were focusing on the importance of voluntary carbon markets, while trying to achieve greater coherence in global standards and the push for transition finance.

The role of Lord Mayor is largely ceremonial, whose role is to represent and promote businesses in the City of London, the financial hub of the British capital. The position is somewhat separate from that of the directly elected London mayor who oversees the running of the capital.