Japan's ex-top currency diplomat Masato Kanda takes office as ADB chief

Japan's former top currency diplomat Masato Kanda assumed office on Monday as president of the Asian Development Bank, the Manila-based international lender said.As its 11th president, Kanda vowed to advance the "ADB's mission to promote sustainable, inclusive, and resilient growth" and "respond to pressing development challenges." He succeeded Masatsugu Asakawa, another former senior official of Japan's Finance Ministry.Japan, a leading shareholder in the ADB along with the United States, has supplied the bank's chief since the institution was established in 1966 to eradicate extreme pover…READ FULL ARTICLE