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Japan's ex-top currency diplomat Asakawa is new ADB chief
The former Japanese top currency diplomat will succeed Takehiko Nakao, who has led the ADB since April 2013, on Jan. 17 and his tenure will run through November 2021. The appointment of Asakawa, the sole candidate, was formally approved by the Manila-based development bank's 68 members. The 61-year-old will be the 10th ADB chief. Since its establishment in 1966, the ADB's top post has traditionally been held by a Japanese as Tokyo is the biggest financial contributor to the bank, along with the United States. Asakawa, who became the longest-serving top currency diplomat after assuming the post from July 2015 to July ... (full story)