TOKYO -- Asian Development Bank President Takehiko Nakao is expected to announce his resignation soon, potentially sparking a clash between Tokyo and Beijing over the selection of his successor.
The next president likely will take the post around the start of 2020. Candidates need to win at least half the votes from the bank's members in an election. Japan, the biggest investor in the bank along with the U.S., has controlled the presidency since the ADB's founding in 1966.
