Geopolitics Alpha

Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia

Published . Updated .

Key takeaways

  • MANILA, PHILIPPINES - More than 30 civil society organisations today urged Japan to stop using its Asia Zero Emission Community (AZEC) and USD 10 billion
  • Exposed: AAXJ, EWJ, MUFG, TM, SONY
  • Market reaction: AAXJ −1.6% on the day; EWJ −0.7% on the day; TM −1.6% on the day

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Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia

MANILA, PHILIPPINES - More than 30 civil society organisations today urged Japan to stop using its Asia Zero Emission Community (AZEC) and USD 10 billion

Directly affected

  • No company is named in this report.

Indirectly affected

  • AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d

    iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”).

  • EWJ iShares MSCI Japan ETF-0.6% 13d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”).

  • MUFG Mitsubishi UFJ Financial Group

    Mitsubishi UFJ Financial Group (commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • TM Toyota Motor+3.3% 18d

    Toyota Motor (motor vehicles and passenger car bodies) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • SONY Sony Group+8.9% 30d

    Sony Group (household audio and video equipment) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

  • MFG Mizuho Financial Group-13.0% 30d

    Mizuho Financial Group (national commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
AAXJ-7.07%-1.95%base-1.60%after closeafter closeafter close
EWJ-4.13%-0.69%base-0.68%after closeafter closeafter close
MUFG-3.74%-1.05%base-0.87%after closeafter closeafter close
TM+2.87%+2.59%base-1.60%after closeafter closeafter close
SONY+3.96%+2.11%base+0.60%after closeafter closeafter close
MFG-7.53%-3.20%base-0.34%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia Oil Change International

Source: Oil Change International

Ishares Msci Asia Ex-Japan (AAXJ) compared with energy stocks (XLE) since 12 Nov 2026

CompanyWhenMoveStatus
Ishares Msci Asia Ex-Japan (AAXJ)that day-1.60%final price
Ishares Msci Asia Ex-Japan (AAXJ)three days earlier-1.95%final price
Ishares Msci Asia Ex-Japan (AAXJ)five days earlier-7.07%final price
Ishares (EWJ)that day-0.68%final price
Ishares (EWJ)three days earlier-0.69%final price
Ishares (EWJ)five days earlier-4.13%final price
Mizuho Financial Group (MFG)that day-0.34%final price
Mizuho Financial Group (MFG)three days earlier-3.20%final price
Mizuho Financial Group (MFG)five days earlier-7.53%final price
Mitsubishi Ufj Financial Group (MUFG)that day-0.87%final price
Mitsubishi Ufj Financial Group (MUFG)three days earlier-1.05%final price
Mitsubishi Ufj Financial Group (MUFG)five days earlier-3.74%final price
Sony Group (SONY)that day+0.60%final price
Sony Group (SONY)three days earlier+2.11%final price
Sony Group (SONY)five days earlier+3.96%final price
Toyota Motor Corp/ (TM)that day-1.60%final price
Toyota Motor Corp/ (TM)three days earlier+2.59%final price
Toyota Motor Corp/ (TM)five days earlier+2.87%final price

Who gains and who loses around Ishares Msci Asia Ex-Japan (AAXJ)

Companies tied to this story

  • AAXJ Ishares Msci Asia Ex-Japan

    For “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Ishares Msci Asia Ex-Japan (AAXJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”)

  • EWJ Ishares

    For “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Ishares (EWJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)

  • MUFG Mitsubishi Ufj Financial Group

    For “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Mitsubishi Ufj Financial Group (MUFG) is linked, with no stored direction, medium confidence. Reason on file: Mitsubishi UFJ Financial Group (commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • TM Toyota Motor Corp/

    For “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence. Reason on file: Toyota Motor (motor vehicles and passenger car bodies) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • SONY Sony Group

    In “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Sony Group (SONY) is linked, with no stored direction, medium confidence. Reason on file: Sony Group (household audio and video equipment) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

  • MFG Mizuho Financial Group

    For “Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia,” Mizuho Financial Group (MFG) is linked, with no stored direction, medium confidence. Reason on file: Mizuho Financial Group (national commercial banks) is one of the largest Japan-based companies traded in the US, so news about Japan (“japan”) reaches its shares

Ishares Msci Asia Ex-Japan (AAXJ) and the energy link

“Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia” (12 Nov 2026) reaches Ishares Msci Asia Ex-Japan (AAXJ) through Energy.

The link for Ishares Msci Asia Ex-Japan (AAXJ) is this: iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”)

Also listed, Ishares (EWJ): iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)

Price levels for Ishares Msci Asia Ex-Japan (AAXJ)

AAXJ traded between 106.27 and 119.65 across 6 sessions. The latest close on file is 107.13. EWJ traded between 95.98 and 99.98 across 11 sessions. The latest close on file is 97.33.

The energy score for Ishares Msci Asia Ex-Japan (AAXJ)

46 out of 100

“Ahead of AZEC Summit, Civil Society Groups Warn Japan Is Setting a Fossil Fuel Trap for Asia” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.