The Japanese government has decided to recommend Masatsugu Asakawa, former vice finance minister for international affairs, as the next chief of the Asian Development Bank to replace Takehiko Nakao by the end of this year, sources close to the matter said Monday.The top post of the ADB has been held by Japanese since the launch of the Manila-based development bank in 1966, reflecting Japan's role as the largest donor along with the United States.Japan hopes to retain the presidency of the institution with Asakawa, 61, who would become the 10th ADB chief. It remains uncertain whether other c…READ FULL ARTICLE
