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New ADB chief Kanda

Undated file photo shows Masato Kanda, president-elect of the Asian Development Bank. Currently serving as a special advisor to Japanese Prime Minister Shigeru Ishiba, the former top Japanese currency diplomat will assume office on Feb. 24, 2025 and serve through Nov. 23, 2026 to complete the unexpired term of predecessor Masatsugu Asakawa.

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CHINA-BEIJING-DING XUEXIANG-ADB-PRESIDENT-MEETING (CN)

(240325) -- BEIJING, March 25, 2024 (Xinhua) -- Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Masatsugu Asakawa, president of the Asian Development Bank (ADB), in Beijing, capital of China, March 25, 2024. (Xinhua/Gao Jie)

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CHINA-BEIJING-DING XUEXIANG-ADB-PRESIDENT-MEETING (CN)

(240325) -- BEIJING, March 25, 2024 (Xinhua) -- Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Masatsugu Asakawa, president of the Asian Development Bank (ADB), in Beijing, capital of China, March 25, 2024. (Xinhua/Gao Jie)

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ADB annual meeting begins in Incheon

Asian Development Bank President Masatsugu Asakawa attends a press conference as the ADB's annual meeting opens in Incheon near Seoul for a four-day run on May 2, 2023.

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Scientists Call Fraud On Supposed Extraterrestrials Presented To Mexican Congress

September 12, 2023, Mexico City, Mexico: Rony Tadeu Vernet Braga, researcher at the Brazilian Center for Physical Research; the congressman of Japan, Yoshiharu Asakawa and the retired former US Air Force pilot, Ryan Graves at the Mexico Public Hearing on Unidentified Anomalous Phenomena in the Chamber of Deputies in Mexico City. on September 12, 2023 in Mexico City, Mexico Photo by Luis Barron/Eyepix Group/ABACAPRESS.COM

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Scientists Call Fraud On Supposed Extraterrestrials Presented To Mexican Congress

September 12, 2023, Mexico City, Mexico: Congressman from Japan, Yoshiharu Asakawa at the Mexico Public Hearing on Unidentified Anomalous Phenomena in the Chamber of Deputies in Mexico City. on September 12, 2023 in Mexico City, Mexico Photo by Luis Barron/Eyepix Group/ABACAPRESS.COM

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Scientists Call Fraud On Supposed Extraterrestrials Presented To Mexican Congress

September 12, 2023, Mexico City, Mexico: Congressman of Japan, Yoshiharu Asakawa; the former retired US Air Force pilot, Ryan Graves and the federal representative, Sergio Gutierrez Luna, at the Mexico Public Hearing on Unidentified Anomalous Phenomena in the Chamber of Deputies in Mexico City. on September 12, 2023 in Mexico City, Mexico Photo by Luis Barron/Eyepix Group/ABACAPRESS.COM

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ADB chief in Beijing

Asian Development Bank President Masatsugu Asakawa (far L) and Chinese Premier Li Qiang (far R) hold talks at the Great Hall of the People in Beijing on July 11, 2023.

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CHINA-BEIJING-LI QIANG-ADB-PRESIDENT-MEETING (CN)

(230711) -- BEIJING, July 11, 2023 (Xinhua) -- Chinese Premier Li Qiang meets with Masatsugu Asakawa, president of the Asian Development Bank (ADB), at the Great Hall of the People in Beijing, capital of China, July 11, 2023. (Xinhua/Rao Aimin)

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ADB annual meeting begins in Incheon

Asian Development Bank President Masatsugu Asakawa attends a press conference as the ADB's annual meeting opens in Incheon near Seoul for a four-day run on May 2, 2023.

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AIJ, ITM chiefs arrested over pension fund fraud

TOKYO, Japan - A police investigator brings in cardboard boxes for a search operation at the building housing the head offices of AIJ Investment Advisors Co. and ITM Securities Co., which is effectively under AIJ's control, in Tokyo's Chuo Ward on June 19, 2012. AIJ President Kazuhiko Asakawa and others, including ITM president, were arrested the same day in connection with a high-profile fraud allegation over losses of more than 100 billion yen in pension assets entrusted to AIJ, police said.

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AIJ chief testifies

TOKYO, Japan - AIJ Investment Advisors Co. President Kazuhiko Asakawa testifies as a sworn witness over the asset management firm's pension asset loss scandal at the House of Representatives financial affairs committee on April 13, 2012.

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AIJ head at lower house committee

TOKYO, Japan - Kazuhiko Asakawa, president of AIJ Investment Advisors Co., speaks in Tokyo on March 27, 2012, at a session of the House of Representatives' Committee on Financial Affairs. The session addressed the asset management firm's loss of pension funds it was entrusted to manage. Only 8.1 bil. yen remains of the 145.8 bil. yen entrusted to AIJ.

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Parties involved in AIJ scandal

TOKYO, Japan - In Tokyo on March 27, 2012, (from L to R) Kazuhiko Asakawa, president of AIJ Investment Advisors Co., Hideaki Nishimura, president of ITM Securities Co. which is effectively under AIJ's control, and Isao Ishiyama, a retiree of the now-defunct Social Insurance Agency who currently operates a pension fund consultancy, sit at a session of the House of Representatives' Committee on Financial Affairs which addressed AIJ's loss of assets it had been managing on behalf of pension funds. They were three of the five witnesses to testify at the lower house's committee.

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Beef contaminated with radioactive cesium

ASAKAWA, Japan - A cow is pictured on July 15, 2011, at a cattle farm in Asakawa, Fukushima Prefecture, where straw feed for cows had been found to contain high levels of radioactive cesium.

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Beef contaminated with radioactive cesium

NAGOYA, Japan - Local public health officials in Aichi Prefecture place beef, in which radioactive cesium has been detected, in a bag on July 15, 2011. Concern over tainted meat reaching market was heightened by a Tokyo metropolitan government announcement that radioactive cesium at levels exceeding the safety limit had been found in beef from cattle shipped from a farm in Asakawa, Fukushima Prefecture, to a slaughterhouse in Sendai, Miyagi Prefecture.

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Cesium contamination in beef

ASAKAWA, Japan - Reporters gather near a farm in the town of Asakawa, Fukushima Prefecture, on July 15, 2011. High levels of radioactive cesium have been found in straw fed to cattle at the farm after excessive levels of the substance were detected in beef shipped from the prefecture, which hosts the crippled Fukushima Daiichi Nuclear Power Station.

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Measuring radiation levels in straw

MINAMISOMA, Japan - A local official measures radiation levels in straw at a cattle farm in Minamisoma, Fukushima Prefecture, on July 13, 2011. A cattle farm in Asakawa in the same prefecture shipped 42 cows to Tokyo and other places after feeding them with straw containing high levels of radioactive cesium, the prefectural government said July 14.

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Nagano Gov. Murai reverses no-dam policy set by predecessor

NAGANO, Japan - Nagano Gov. Jin Murai speaks at a press conference at his office on Feb. 8. He announced the reversal of a high-profile ''no-dam'' policy his predecessor had set. The central Japan prefecture has been working to resume an Asakawa River dam project since Murai beat two-term incumbent Yasuo Tanaka in last August's election.

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Foreign Ministry fires official over hotel fraud scam

TOKYO, Japan - Three senior Foreign Ministry officials bow at a news conference Sept. 27 after announcing the dismissal of Akio Asakawa, 56, a former assistant director at the First West Europe Division of the ministry's European Affairs Bureau, who was indicted on fraud charges.

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Hotel New Otani officials arrested over fraud

TOKYO, Japan - Photo taken Sept. 5 shows Hotel New Otani in Tokyo's Chiyoda Ward. Two officials of the hotel were arrested Sept. 6, along with Akio Asakawa, an assistant director of the Foreign Ministry's European Affairs Bureau, on suspicion of defrauding the state of some 400 million yen by padding hotel bills for international meetings.

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Investigators raid Foreign Ministry official's house

TOKYO, Japan - Police investigators enter the house in Tokyo on Sept. 6 of Akio Asakawa, an assistant director of the Foreign Ministry's European Affairs Bureau, who was arrested earlier in the day, along with two Hotel New Otani officials, on suspicion of defrauding the state of some 400 million yen by padding hotel bills for international meetings.

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Asian Development Bank chief Asakawa

Masatsugu Asakawa, seen in this file photo, has been re-elected as president of the Asian Development Bank, the Manila-based institution said on Aug. 31, 2021.

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Nagano Gov. Murai reverses no-dam policy set by predecessor

NAGANO, Japan - Nagano Gov. Jin Murai speaks at a press conference at his office on Feb. 8. He announced the reversal of a high-profile ''no-dam'' policy his predecessor had set. The central Japan prefecture has been working to resume an Asakawa River dam project since Murai beat two-term incumbent Yasuo Tanaka in last August's election. (Kyodo)

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Hotel New Otani officials arrested over fraud

TOKYO, Japan - Photo taken Sept. 5 shows Hotel New Otani in Tokyo's Chiyoda Ward. Two officials of the hotel were arrested Sept. 6, along with Akio Asakawa, an assistant director of the Foreign Ministry's European Affairs Bureau, on suspicion of defrauding the state of some 400 million yen by padding hotel bills for international meetings.

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Foreign Ministry, hotel officials arrested over fraud

TOKYO, Japan - Akio Asakawa (file photo), an assistant director of the Foreign Ministry's European Affairs Bureau, is arrested Sept. 6, along with two Hotel New Otani officials, on suspicion of defrauding the state of some 400 million yen by padding hotel bills for international meetings.

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Japan to take necessary steps to stem yen speculation: MOF

Masatsugu Asakawa, Japan's vice finance minister for international affairs, speaks to reporters after meeting with senior officials of the Bank of Japan and the Financial Services Agency in Tokyo on July 8, 2016. The Japanese government will take necessary steps to stem "speculative moves" in the exchange market after the yen firmed against the U.S. dollar, Asakawa said. (Kyodo) ==Kyodo

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More nations join global efforts to fight tax dodging

Masatsugu Asakawa, the Japanese Finance Ministry's vice minister for international affairs, attends a press conference in Kyoto on July 1, 2016, after a two-day meeting of the Organization for Economic Cooperation and Development. Asakawa called the meeting "a major achievement," enabling the group to "take the first step" in accelerating global cooperation to tackle tax avoidance. (Kyodo) ==Kyodo

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Japan gov't, BOJ brace for further market volatility after Brexit

Masatsugu Asakawa, vice minister for international affairs at Japan's Finance Ministry, speaks to reporters after a meeting between government and Bank of Japan officials in Tokyo on June 25, 2016. The two sides agreed to work closely to prepare for any further financial market volatility following Britain's decision to leave the European Union. (Kyodo) ==Kyodo

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Japan gov't, central bank exchange views on markets after yen spikes

Masatsugu Asakawa, vice minister for international affairs at the Finance Ministry, heads to a meeting between the government and the Bank of Japan in Tokyo on June 17, 2016. After the gathering, Asakawa told reporters that the participants shared recognition of the current financial market situation. (Kyodo) ==Kyodo

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Japan appoints Tanaka as top finance bureaucrat

Undated combined photo shows senior Japanese Finance Ministry officials Masatsugu Asakawa (L) and Kazuho Tanaka. The ministry said on July 7, 2015 that Tanaka has been promoted to administrative vice minister from Budget Bureau chief. Asakawa, who headed the International Bureau, was tapped as vice finance minister for international affairs. (Kyodo) ==Kyodo

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Truck carries waste from decontamination work in Fukushima

A truck transports radioactive waste left after decontamination work in Asakawa, Fukushima Prefecture, to an interim storage facility elsewhere in the northeastern Japanese prefecture under a pilot transportation project launched as part of efforts for reconstruction from the 2011 nuclear disaster. (Kyodo) ==Kyodo

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Waste from decontamination work loaded onto truck in Fukushima

Workers load radioactive waste left after decontamination work onto a truck in Asakawa, Fukushima Prefecture, on Aug. 19, 2015, before shipment to an interim storage facility elsewhere in the northeastern Japanese prefecture under a pilot transportation project launched as part of efforts for reconstruction from the 2011 nuclear disaster. (Kyodo) ==Kyodo

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Longtime jazz vocalist Maki Asakawa dies at 67

TOKYO, Japan - Maki Asakawa (file photo taken in October, 1971), an avant-garde jazz and blues vocalist who caught the fancy of restless postwar baby boomers through such songs as ''Kamome'' has died of acute heart failure in Nagoya, the Aichi prefectural police said on Jan. 18. She was 67. Asakawa was found collapsed in her hotel room in Nagoya on Jan. 17 and later confirmed dead. (Kyodo)

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Beef contaminated with radioactive cesium

ASAKAWA, Japan - A cow is pictured on July 15, 2011, at a cattle farm in Asakawa, Fukushima Prefecture, where straw feed for cows had been found to contain high levels of radioactive cesium. (Kyodo)

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Beef contaminated with radioactive cesium

NAGOYA, Japan - Local public health officials in Aichi Prefecture place beef, in which radioactive cesium has been detected, in a bag on July 15, 2011. Concern over tainted meat reaching market was heightened by a Tokyo metropolitan government announcement that radioactive cesium at levels exceeding the safety limit had been found in beef from cattle shipped from a farm in Asakawa, Fukushima Prefecture, to a slaughterhouse in Sendai, Miyagi Prefecture. (Kyodo)

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Cesium contamination in beef

ASAKAWA, Japan - Reporters gather near a farm in the town of Asakawa, Fukushima Prefecture, on July 15, 2011. High levels of radioactive cesium have been found in straw fed to cattle at the farm after excessive levels of the substance were detected in beef shipped from the prefecture, which hosts the crippled Fukushima Daiichi Nuclear Power Station. (Kyodo)

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Measuring radiation levels in straw

MINAMISOMA, Japan - A local official measures radiation levels in straw at a cattle farm in Minamisoma, Fukushima Prefecture, on July 13, 2011. A cattle farm in Asakawa in the same prefecture shipped 42 cows to Tokyo and other places after feeding them with straw containing high levels of radioactive cesium, the prefectural government said July 14. (Kyodo)

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AIJ chief testifies

TOKYO, Japan - AIJ Investment Advisors Co. President Kazuhiko Asakawa testifies as a sworn witness over the asset management firm's pension asset loss scandal at the House of Representatives financial affairs committee on April 13, 2012. (Kyodo)

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AIJ head at lower house committee

TOKYO, Japan - Kazuhiko Asakawa, president of AIJ Investment Advisors Co., speaks in Tokyo on March 27, 2012, at a session of the House of Representatives' Committee on Financial Affairs. The session addressed the asset management firm's loss of pension funds it was entrusted to manage. Only 8.1 bil. yen remains of the 145.8 bil. yen entrusted to AIJ. (Kyodo)

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Parties involved in AIJ scandal

TOKYO, Japan - In Tokyo on March 27, 2012, (from L to R) Kazuhiko Asakawa, president of AIJ Investment Advisors Co., Hideaki Nishimura, president of ITM Securities Co. which is effectively under AIJ's control, and Isao Ishiyama, a retiree of the now-defunct Social Insurance Agency who currently operates a pension fund consultancy, sit at a session of the House of Representatives' Committee on Financial Affairs which addressed AIJ's loss of assets it had been managing on behalf of pension funds. They were three of the five witnesses to testify at the lower house's committee. (Kyodo)

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New ADB chief Masatsugu Asakawa

Former Japanese Vice Finance Minister for International Affairs Masatsugu Asakawa, seen in this undated file photo, assumed office on Jan. 17, 2020, as president of the Asian Development Bank. (Kyodo) ==Kyodo

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Meeting of G-20 think tank officials

Japanese Vice Finance Minister for International Affairs Masatsugu Asakawa delivers a speech at a meeting of think tank representatives from the Group of 20 economies on May 27, 2019, in Tokyo. (Kyodo) ==Kyodo

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Monorail train in western Tokyo

A monorail train is pictured crossing the Asakawa river in Hino city, western Tokyo, on Nov. 27, 2018. (Kyodo) ==Kyodo

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G-7 vows to apply "maximum economic pressure" on N. Korea

Masatsugu Asakawa, Japan's vice finance minister for international affairs, tells reporters in Washington on Oct. 12, 2017 that Group of Seven finance chiefs pledged to apply "maximum economic pressure" on North Korea over the "grave" threat posed by its missile and nuclear weapons development. (Kyodo) ==Kyodo

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Court orders Japan Post to close wage gap for contract workers

Asashi Udagawa (L) and Kiyoshi Asakawa (C), two of the three contract workers suing Japan Post Co. for paying them less than full-time employees doing the same work, attend a news conference at the labor ministry in Tokyo on Sept. 14, 2017, after the Tokyo District Court ruled in favor of their claims. The court awarded the workers some 920,000 yen ($8,300) in total, a small fraction of the roughly 15 million yen sought but a decision that could have major ramifications for the company, nearly half of whose 390,000-strong workforce consists of contractors. (Kyodo) ==Kyodo

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Gov't, BOJ meet as yen surges amid U.S. presidential election results

Masatsugu Asakawa, the Finance Ministry's vice minister for international affairs, speaks with reporters after an emergency meeting of senior government and Bank of Japan officials at the ministry in Tokyo on Nov. 9, 2016, following the Japanese currency's surge against the U.S. dollar. The dollar plunged over 4 yen in Tokyo that day as Republican Donald Trump's victory in a tight U.S. presidential election rattled the currency market. (Kyodo) ==Kyodo

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Gov't, BOJ affirm cooperation to cope with volatile yen moves

Masatsugu Asakawa, vice finance minister for international affairs, meets with reporters on Aug. 18, 2016, after attending a meeting of the government and the Bank of Japan in Tokyo. The two sides affirmed they will cooperate on taking necessary steps to cope with any speculative moves in the currency market after the U.S. dollar dropped below the 100 yen line. (Kyodo) ==Kyodo

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Foreign Ministry fires official over hotel fraud scam

TOKYO, Japan - Three senior Foreign Ministry officials bow at a news conference Sept. 27 after announcing the dismissal of Akio Asakawa, 56, a former assistant director at the First West Europe Division of the ministry's European Affairs Bureau, who was indicted on fraud charges.

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Investigators raid Foreign Ministry official's house

TOKYO, Japan - Police investigators enter the house in Tokyo on Sept. 6 of Akio Asakawa, an assistant director of the Foreign Ministry's European Affairs Bureau, who was arrested earlier in the day, along with two Hotel New Otani officials, on suspicion of defrauding the state of some 400 million yen by padding hotel bills for international meetings.