Japan former top currency diplomat Asakawa takes office as ADB chief

Business Jan 17, 2020

Japan former top currency diplomat Asakawa takes office as ADB chief

Former Vice Finance Minister for International Affairs Masatsugu Asakawa took office Friday as president of the Asian Development Bank, the Manila-based organization said. Japan's former top currency diplomat succeeded Takehiko Nakao, 63, who led the ADB since April 2013 until he stepped down Thursday. Asakawa's ...

Japan calls on Asian Development Bank to reduce loans to China

Business May 4, 2019

Japan calls on Asian Development Bank to reduce loans to China

Finance Minister Taro Aso called on the Asian Development Bank on Saturday to scale back easy money to countries like China that have developed to the point of no longer needing financial aid. "ADB should hold substantive discussions on a concrete path toward graduation while ...