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More investors are publicly backing a resolution to curb coal project lending that shareholders of Mizuho Financial Group are expected to consider this week, the first time such a step will take place at the annual meeting of a Japanese-listed company.

As a new front of stakeholder activism opens up in Japan, advisory groups such as the Institutional Shareholder Services group and Glass Lewis, which advise funds worth more than $35 trillion (¥3.752 quadrillion), back the proposal in recommendations seen by Reuters.

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