More things start to stack up Major Japanese banks, traders...

More things start to stack up

Major Japanese banks, traders tighten Policy
by Peter Ker
Australia's biggest thermal coal customer is hardening its attitude towards the fuel, with Japan's biggest bank and one of Japan's biggest power and mining conglomerates tightening their coal investment policies in recent days.

Mitsubishi UFJ Financial Group, which is Japan's largest lender and largest bank by assets, said it was reviewing its lending policies for coal-fired power generation and would limit support to "high-efficiency" generation which helped reduce emissions including through carbon capture and storage.