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 ...

Aso signals new openness to introducing 50-year bonds

Business Nov 8, 2019

Aso signals new openness to introducing 50-year bonds

Finance Minister Taro Aso indicated a new openness to introducing 50-year government bonds, days after the country's central bank chief suggested such a move could be helpful. "This is one topic of our considerations," Aso told reporters Friday in Tokyo when asked about the potential ...

Japan begins compiling fiscal 2020 budget

Business Oct 3, 2019

Japan begins compiling fiscal 2020 budget

A subcommittee of the Fiscal System Council launched full-fledged discussions Thursday to compile the budget for fiscal 2020. The budget compilation work for the coming fiscal year, which starts in April, is the first of its kind since the Reiwa Era began May 1 with ...