Takehiko nakao biography books

  • Takehiko Nakao is a Japanese former
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    • Takehiko Nakao is currently the Chairman of the Institute at Mizuho Research & Technologies, Ltd. Concurrently, he teaches as Visiting Professor at the National Graduate Institute for Policy Studies (GRIPS) and Graduate School of Public Policy, the University of Tokyo.

     From April 2013 to January 2020,He served as President of the Asian Development Bank (ADB), which is based in Manila with membership of 68 countries including 46 regional developing countries.

    He  was the Vice Minister of Finance for International Affairs between 2011 and 2013, and in charge of foreign exchange markets, G20 and G7 processes, ASEAN+3 financial cooperation, and bilateral financial relations with the US, Asian countries and European countries.

    He has gained extensive experience in international finance and development since he joined the Ministry of Finance in 1978. He was assigned as Minister at the Embassy of Japan in Washington D.C. between 2005 and 2007, and worked as advisor at IMF's Policy Development and Review Department between 1994 and 1997.

    He has published books and numerous papers on financial and economic issues both in Japanese and English. He took an initiative and was a “lead editor”  for the ADB’s recent publication of  “Asia’s Journey to Prosperity”, a comprehensive account of Asia’s development history in these several decades.  He was a Visiting Professor at the University of Tokyo in 2010 and 2011.

    He holds a BA degree in Economics from the University of Tokyo (1978) and a Master of Business Administration from the University of California-Berkeley (1982).

  • Takehiko Nakao is a Japanese former

    • Interview with Mr.Takehiko Nakao

    Reduction of Poverty in Asia through Infrastructure Development
    - Roles for the ADB and Japan -

    The Asian economy continues to grow even after going through the currency crisis in the latter half of 1990s. At the same it still face issues like rising income gaps and the “middle-income trap”. In this interview, we speak with Mr. Takehiko Nakao, President of the Asian Development Bank, about Asia’s future, Japan’s role in Asia, and the role that Japanese companies should play to support Asian development.

    *
    Middle-income Trap: Countries and regions that have advanced from a low-income level to a middle-income level can stagnate at that middle-income level. Income level is often judged by GDP per capita.

    Mr.Takehiko Nakao






    President of the Asian Development Bank (ADB), Former Vice- Minister of Finance for International Affairs at the Ministry of Finance of Japan.

    Career Summary.

    March 1956 Born in Osaka
    March 1978 Graduated from the Faculty of Economics at the University of Tokyo
    April　1978 Joined the Ministry of Finance of Japan
    June　1982 Completed an MBA from the Haas School of Business at the University of California, Berkeley
    　　　　　　　 Thereafter, Nakao held the posts of Director of the Osaka Regional Taxation Bureau’s Izumiotsu Local Tax Office, as well as Deputy
    　　　　　　　 Director of the Security Bureau, Deputy Director of the Tax Bureau, and Deputy Director of the International Finance Bureau. Later on,
    　　　　　　　 Nakao assumed the position of Advisor in the Policy Development and Review Department of the International Monetary Fund (IMF).
    　　　　　　 　Subsequently, in the Ministry of Finance of Japan, he held the positions of Director of the Banking Bureau’s Non-bank Division, Director of
    　　　　　　 　the International Bureau’s International Organizations Division, Budget Examiner in charge of Foreign Affairs, Economy, Trade and Industry,
    　　　　　　 　and ODA at the Budget Bureau, and Director of the Int

  • He has published books

    • Development finance in Asia: a memoir

    Book review: Takehiko Nakao, The Rise of Asia: Perspectives and Beyond. Memoir of the President of the Asian Development Bank 2013–2020 (Asian Development Bank, 2022)

    In April 2013, just five months after Xi Jinping took office as general secretary of the Chinese Communist Party, Takehiko Nakao was appointed president of the Asian Development Bank (ADB). He served for seven years until January 2020, overseeing an intense period of change in Asia, dominated by China’s rapid and assertive rise under Xi’s leadership.

    During his presidency, Nakao also had to deal with the emergence of new financial institutions that challenged the role of the Bretton Woods-led global financial architecture. In 2014, the five BRICS countries – Brazil, Russia, India, China and South Africa – established the New Development Bank, with its headquarters in Shanghai, and in 2016 China launched the Beijing-based Asian Infrastructure Investment Bank (AIIB). Both were intended as alternatives to the World Bank, ADB and other existing development banks. At the same time, Xi launched the Belt and Road Initiative (BRI), which has in less than a decade become the world’s largest – and most controversial – source of infrastructure finance.

    One of Nakao’s less thankful tasks was explaining to his international counterparts the government’s large-scale intervention to stabilise the rapidly appreciating yen.

    Nakao starts with an account of his years at Japan’s Ministry of Finance immediately preceding his assignment to the ADB, as director-general of the International Bureau and, subsequently, vice minister of finance for international affairs. The latter position is frequently a stepping stone to the ADB presidency, which has so far always been held by a Japanese national. In 2011, one of Nakao’s less thankful tasks was explaining to his international counterparts the government’s large-scale intervention to stabilise the rapidly appreciating yen. While

    Takehiko Nakao

    Japanese civil servant

    Takehiko Nakao (中尾 武彦, Nakao Takehiko, born March, 1956) is a Japanese former civil servant who served as the ninth president of the Asian Development Bank between 2013 and early 2020. He is Adviser, Sumitomo Corporation and Chairman, Center for International Economy and Strategy. He is also a board member (external) of the Daiichi Life Insurance Ltd. He teaches international economic policies and development economics as visiting professor at the Graduate School of Public Policy at Tokyo University and National Graduate Institute for Policy Studies (Tokyo).

    Career

    Nakao was a career civil servant with the Finance Ministry of Japan which he joined in 1978. During his career, Nakao served variously as Minister at the Embassy of Japan in Washington D.C. and as an economic advisor at the International Monetary Fund in the mid-1990s. Before his nomination for the presidency of the Asian Development Bank (ADB), Nakao was Vice Minister of Finance for International Affairs, which is the senior most civil service appointment within Japan's Finance Ministry. As Japan's top currency official, Nakao oversaw the Japanese government's largest ever currency market intervention following the sharp appreciation of the yen in 2011. He was also the Japanese finance deputy at the G7 and G20 summits and finance ministers & central bank governors meetings in 2011-13.

    Education

    Nakao holds a degree in economics from the University of Tokyo where he later taught international finance during 2010-2011. He also holds an MBA degree from the University of California, Berkeley. In 2008, he authored the book America’s Economic Policy: Can it Sustain its Strength?.

    Nakao was nominated by Japan to be president of the ADB, succeeding his compatriot Haruhiko Kuroda, who resigned in March 2013 to become the governor of