15:00-16:30, Thursday, October 17, 2013
President of the Asian Development Bank (ADB)
While Abenomics has helped put Japan back onto a recovery path, the economies of some of its Asian neighbors are facing their own problems which include among other things large swings in capital flows, weakening currencies, rising inflation and sharply higher levels of government debt in some cases. From being seen as the new dynamos or engines of the global economy, Asian and other emerging economies are looking increasingly to the US and other advanced economies to provide them with export momentum. Much of this is due to the volatile environment created by the US Federal Reserve's "on again- off again" monetary tapering intentions and the impact this has on the wider world.
Takehiko Nakao will come to the FCCJ to these discuss developments in Asian economies, what he has done at the ADB since taking over the reins in April after Haruhiko Kuroda left to become Governor of the Bank of Japan, and the direction in which he plans to steer the Manila-based development bank. As the Ministry of Finance's top currency official in his former capacity, Nakao may also offer insights into the Japanese economy, the planned sales tax rise and on where the yen is sitting among its peers.
In a career spanning more than three decades, Nakao has held a number of senior positions at the Japanese Ministry of Finance, including that of director-general of the international bureau, where he built close ties with leading players in the Asia-Pacific region, and also as vice finance minister for international affairs. A graduate of the University of Tokyo and of Berkeley, he has also served as an economist and advisor to the International Monetary Fund.