Sindonews.com -Japan Finance Ministry senior officials nominated as a candidate for the head of the Asian Development Bank (ADB). This step is done to maintain the role of Japan in the Asian bank for nearly 50 years.
The Tokyo vote, Vice Minister Takehiko Nakao field of international finance, as leader of the ADB. He was promoted to replace Haruhiko Kuroda, headquartered in Manila, Philippines.
As is known, Kuroda will occupy the position as Governor of the Central Bank of Japan (BoJ). Therefore, graduates of Oxford University, the US decided to resign from the ADB, at the end of this month.
Finance Minister of Japan, Taro Aso explained Nakao, 57, as the most qualified candidate for this important responsibility in ADB. Nakao has a broad and deep knowledge in the Asian region.
"He is a bureaucrat the foreign exchange policy, which has built close ties with leading figures in all of Asia, the Group of 20 leading economies (G20) and other organizations, including the International Monetary Fund (IMF)," said Aso, as reported by the Global Post, Thursday (7/3/2013).
Since its inception in 1966, the President of ADB always occupied Japan, similar to that carried out for the United States strategic positions at the World Bank and the IMF. They are very berkentingan to maintain its influence in the eyes of the world.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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