Japan backs Chino for Asian Development Bank Presidency
Article Abstract:
Asian Development Bank (ADB) may appoint Tadao Chino as its new president in November 1998 if the Japanese Finance Ministry's backing is successful. Japan, which is the largest shareholder in ADB, carries a great influence in the choice of presidency that was always from the country and the Ministry of Finance. Chino, who was formerly the Ministry's vice finance minister for international affairs and is currently the Ministry's vice minister, was known for his Asian support. Meanwhile, ADB is expected to play a significant role in alleviating the current financial crisis in Asia. However, concerns were raised on Chino's management style of being consensus-based.
Comment:
May appoint Tadao Chino as its new president in 11/98 if the Japanese Finance Ministry's backing is successful
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Japanese bankers break their silence about China's woes; worried lenders, with much at stake, find their voices in the wake of Gitic's bankruptcy
Article Abstract:
Japanese bankers are finally complaining about the financial problems of China as an aftermath of the bankruptcy of Guangdong International Trust and Investment Co (Gitic). Ordinarily, Japanese bankers have kept mum when economic problems beset China. However, it appears that they have so much at stake in China and that they expect substantial repercussions from the collapse of Gitic which is one of the biggest of China's many financially-troubled government-managed investment companies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Japan backs Chino for Asian Development Bank presidency
Article Abstract:
The Japanese Ministry of Finance is pushing for the appointment of retired official Tadao Chino to the presidency of the Asian Development Bank (ADB). The ADB, which is presently chaired by Mitsuo Sato, is controlled by Japan which is the institution's largest shareholder. The Finance Ministry believes Mr. Chino is the most logical choice as successor to Mr. Sato due to his excellent credentials and due to the changing role of the ADB as a political force in the region.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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