Japan to nominate ex-top finance diplomat Kanda as next ADB chief

The government plans to nominate Japan's former top finance diplomat, Masato Kanda, as the next president of the Asian Development Bank, sources familiar with the matter said Monday.Japan has dominated the chief post of the ADB since the Manila-based multilateral lender was established in 1966. If elected by member countries, Kanda, 59, will succeed Masatsugu Asakawa, another former senior official of the country's Finance Ministry.The ADB announced the same day that Asakawa will step down on Feb. 23. He took up the presidency in January 2020 and was reelected in August 2021.Kanda was behin…READ FULL ARTICLE