On 7 January 2019, Mainichi newspaper in Japan reported that Resona Holdings has announced it will refuse to loan money to companies associated with the production of nuclear weapons. The new policy was announced towards the end of 2018.
Susi Snyder said “We welcome this announcement by Resona Holdings. As we move closer to the Entry into Force of the Treaty on the Prohibition of Nuclear Weapons more and more financial institutions are adopting, and announcing, similar policies. We look forward to taking a close look at the Resona policy, and we hope to welcome them to the Don’t Bank on the Bomb Hall of Fame in the near future.”
This is the first policy by a Japanese based financial institution that excludes whole companies instead of project finance alone.