"These are the right people, the appropriate people, for these important posts"
- Tetsuya Inoue, who was associate director general of the BOJ's international finance branch until November 2008
Haruhiko Kuroda, who will become next governor of the Bank of Japan, stepped down as the President of Asian Development Bank on Monday, after eight years of leading the Manila-based multilateral lending bank. Under Kuroda's leadership the ADB bank was helping developing Asia-Pacific countries reduce poverty across the region and increase standards of living for their people. The incoming chief and his deputies, Kikuo Iwata and Hiroshi Nakaso, being supported by a veteran of quantitative easing Masayoshi Amamiya, are expected to announce further stimulus on their regularly scheduled policy meeting on April 4.
"These are the right people, the appropriate people, for these important posts," said Tetsuya Inoue, who was associate director general of the BOJ's international finance branch until November 2008. "Dialogue with the market will be better, well-designed. That will be a big difference from the bank under Masaaki Shirakawa."
"His extraordinary vision and leadership has enabled ADB to significantly advance its mission of poverty reduction and sustainable economic development in Asia and the Pacific," said Finance Minister P Chidambaram, who is also the chair of the ADB Board of Governors.
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