ADB flags danger of Asia forming 'asset bubbles'

May 5, 2013

ADB flags danger of Asia forming 'asset bubbles'

Emerging Asia needs to be on guard against “asset bubbles” as central banks around the globe loosen monetary policy, Asia Development Bank Managing Director Rajat Nag warned. “The positive thing of quantitative easing out of Japan and other economies is that they will start ...

May 4, 2013

Japan, ASEAN finance and banking chiefs plan talks at ADB meeting

Finance ministers and central bank governors from Japan and the Association of Southeast Asian Nations were set to agree on enhancing financial cooperation when they met Friday on the sidelines of the Asian Development Bank’s annual meeting. With Japan looking to deepen economic ties ...

Nakao named new ADB president

Apr 27, 2013

Nakao named new ADB president

Takehiko Nakao, former vice finance minister for international affairs, was named new president of the Asian Development Bank, the organization said Friday. The nation’s former top financial diplomat was the sole candidate and will formally take over ADB on Sunday, the Manila-based institution said. ...

Mar 8, 2013

Nakao nominated to head ADB

Japan announced Thursday that it will nominate its top currency official, Takehiko Nakao, to head the Asian Development Bank as Haruhiko Kuroda prepares to step down to lead the Bank of Japan. Nakao has “extensive experience in international finance and development,” Finance Minister Taro ...