The Asian Development Bank¡¯s incoming president indicated that U.S. policy will be a key focus as he monitors its impact on the region with the looming return of Donald Trump to the White House.
¡°If the U.S. raises tariffs, cuts taxes, restricts immigration, those policies could have a major impact on Japan and other Asian economies through trade and financial markets,¡± said Masato Kanda, former vice finance minister for international affairs, said in an interview on Thursday.
Kanda is known for spearheading Japan¡¯s currency policy in recent years and its first yen-buying intervention in decades. He will start his role as ADB president in February.
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