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Japan will nominate its former top currency diplomat Masato Kanda to be the next president of the Asian Development Bank, Finance Minister Shunichi Suzuki said Tuesday. Japan has dominated the chief post of the ADB since the Manila-based multilateral lender was established in 1966. The focus will be on whether China, which has been increasing its economic clout in the region, will enter a candidate in the leadership race. If elected by member countries, Kanda, 59, will succeed Masatsugu Asakawa, another former senior official of Japan’s Finance Ministry. The ADB has said that Asakawa will step…

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