Japan's Masato Kanda, former top currency diplomat, nominated to become next head of the Asian Development Bank, Finance Minister Suzuki said on Tuesday.
Masato Kanda, vice-minister of finance for international affairs at Japan 's Ministry of Finance, during a press conference after the Group of 20 finance ministers and central bank governors meeting. Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister Shunichi Suzuki said on Tuesday.
" is most appropriate to lead the ADB as he is well-versed in Asia-Pacific affairs and has built deep networks with executives from various countries and international institutions," Suzuki said at a regular press conference.Kanda, if elected, will succeed Masatsugu Asakawa, who announced on Monday his intention to step down from his position effective Feb. 23, 2025.
Kanda, who stepped down in July after three years as vice finance minister for international affairs, led massive bouts of yen-buying intervention in the currency markets in 2022 and 2024. He currently serves as a special adviser to the cabinet.
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