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ADB annual meeting in Milan

Asian Development Bank President Masato Kanda holds a press conference in Milan on May 4, 2025, as the ADB began a four-day annual meeting in the Italian city the same day.

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Ex-top Japan currency official to head ADB

Masato Kanda, special advisor to Japan's prime minister, meets the press at the Finance Ministry in Tokyo on Nov. 28, 2024, after being elected as the next president of the Asian Development Bank. The former vice finance minister for international affairs will take up the office on Feb. 24, 2025.

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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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G20 finance meeting

Japanese Finance Minister Shunichi Suzuki (L) and Masato Kanda, Japan's vice finance minister for international affairs, hold a press conference in Rio de Janeiro on July 26, 2024, following a meeting of finance chiefs from the Group of 20 economies.

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G-7 finance leaders' meeting

Masato Kanda, Japan's vice finance minister for international affairs, speaks to the press in Rio de Janeiro on July 24, 2024, after attending a conference of the Group of Seven finance ministers and central bank governors.

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Japan's top currency diplomat Kanda

Masato Kanda, Japan's vice finance minister for international affairs, gives an interview at the ministry in Tokyo on July 17, 2024.

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Japan's top currency diplomat Kanda

Masato Kanda, Japan's vice finance minister for international affairs, gives an interview at the ministry in Tokyo on July 17, 2024.

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Japan's top currency diplomat Kanda

Masato Kanda, Japan's vice finance minister for international affairs, gives an interview at the ministry in Tokyo on July 17, 2024.

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Senior Japan finance ministry official on exchange market

Japanese Vice Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on July 11, 2024, after the U.S. dollar's plunge against the yen in New York the same day. Japan's top currency diplomat Kanda told reporters he would not comment on whether authorities intervened in the currency market.

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Senior Japan finance ministry official on exchange market

Japanese Vice Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on July 11, 2024, after the U.S. dollar's plunge against the yen in New York the same day. Japan's top currency diplomat Kanda told reporters he would not comment on whether authorities intervened in the currency market.

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Senior Japan finance ministry official on exchange market

Japanese Vice Finance Minister for International Affairs Masato Kanda (far R) meets the press at the Finance Ministry building in Tokyo on July 12, 2024, after the U.S. dollar's plunge against the yen in New York overnight. Japan's top currency diplomat Kanda told reporters he would not comment on whether authorities intervened in the currency market.

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Japan to respond appropriately, any time to excessive yen moves: currency official

STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

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Japan Finance Ministry official on exchange market

Japanese Vice Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on May 7, 2024, following recent volatile currency movements.

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Top currency official

Vice Japanese Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on April 29, 2024, after the dollar turned sharply down against the yen following its surge to a new 34-year high above 160 yen, unleashing speculation that the government intervened in the currency market.

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Top currency official

Vice Japanese Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on April 29, 2024, after the dollar turned sharply down against the yen following its surge to a new 34-year high above 160 yen, unleashing speculation that the government intervened in the currency market.

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Top currency official

Vice Japanese Finance Minister for International Affairs Masato Kanda meets the press in Tokyo on April 29, 2024, after the dollar turned sharply down against the yen following its surge to a new 34-year high above 160 yen, unleashing speculation that the government intervened in the currency market.

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Japan's top currency diplomat Kanda

Masato Kanda, Japanese vice finance minister for international affairs, speaks to reporters at the Finance Ministry in Tokyo on Oct. 4, 2023, over the yen's volatile trading.

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Meeting of creditors to Sri Lanka

Masato Kanda, Japan's vice finance minister for international affairs, meets the press after a meeting of creditors to Sri Lanka in Tokyo on May 9, 2023. The inaugural meeting of senior officials from 27 nations including 19 creditors was held to promote Sri Lanka's debt restructuring after the country defaulted in 2022.

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Japan's top currency diplomat Kanda

Japan's top currency diplomat Masato Kanda speaks to reporters on Oct. 24, 2022, at the Finance Ministry in Tokyo. The yen's spike against the dollar in the morning caused speculation that Japanese monetary authorities intervened in the market again.

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Yen drops close to 149 level vs. dollar

Masato Kanda, Japanese vice finance minister for international affairs, meets the press in Washington on Oct. 14, 2022, with the yen trading at a 32-year low near the 149 level against the U.S. dollar earlier in the day.

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Meeting of G-20 finance chiefs

Bank of Japan Governor Haruhiko Kuroda (R) and Masato Kanda, Japanese vice finance minister for international affairs, attend a press conference in Washington after a meeting of finance chiefs from the Group of 20 major economies on Oct. 13, 2021.