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- by japantoday.com
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SMFG likely to halt all new lending for coal power, sources say
Sumitomo Mitsui Financial Group(SMFG) is likely to halt new financing for any coal-fired power plants, sources close to the matter said, reflecting increasing pressure on Japanese lenders to cut coal funding. While SMFG has said it would not finance new coal-fired power plants in principle, until now it has not…