China's new bank plan may be aimed at countering Japan, U.S.

Jul 3, 2014

China's new bank plan may be aimed at countering Japan, U.S.

A new international institution China plans to establish to fund infrastructure development in emerging countries in Asia may be intended to counter the U.S.-led World Bank and the Asian Development Bank, whose top post is customarily held by a Japanese official China says the ...

ADB: Set aside rows to beat pollution

Jan 14, 2014

ADB: Set aside rows to beat pollution

China and Japan should put aside their diplomatic differences and find common ground in protecting the environment, the Asian Development Bank said Monday. Takehiko Nakao, the ADB’s president, said China could learn from Japan’s historical record in cleaning up its once heavily polluted environment. ...

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 ...

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 ...