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Economic news

Japan nominates ex-currency diplomat Kanda to head ADB

09/09/2024

Less than a minute

2024.09.09 23:09

(Corrects to remove extraneous word in headline)

© Reuters. FILE PHOTO: Japan's Vice Finance Minister for International Affairs Masato Kanda speaks during a press conference after attending the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, February 29, 2024. REUTERS/Carla Carniel/File Photo

TOKYO (Reuters) – Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the Asian Development Bank (ADB), Finance Minister Shunichi Suzuki said on Tuesday.

Since the ADB was founded in 1966, its top post has always been held by a person from Japan, which, along with the United States, is the bank’s biggest shareholder, making Kanda a strong candidate to take up the post.

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09/09/2024

Less than a minute