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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

NAKAO, Takehiko

客員教授 / Visiting Professor 中尾 武彦NAKAO, Takehiko

NAKAO, Takehiko/中尾 武彦

Courses in AY 2024

  • 5123172 Evolution of Global Economic Policies
  • 5171026 International Finance and Development: Economics(Evolution of Global Economic Policies)

Research Fields

Development, Economic policies, Global economy, International finance


Mr. Takehiko Nakao is currently the Chairman of the Institute at Mizuho Research & Technologies, Ltd. He is also an executive board member (external) of the Daiichi Life Insurance, Ltd. Concurrently, he teaches as Visiting Professor at the National Graduate Institute for Policy Studies (GRIPS) and Graduate School of Public Policy, the University of Tokyo. He is a member of the Trilateral Commission, Board of Governors of Asian Institute of Management (Manila), the Japan Corporate Governance Network, and several other international and Japanese non-profit organizations. From April 2013 to January 2020, Mr. Nakao served as President of the Asian Development Bank (ADB), which is based in Manila with membership of 68 countries including 46 regional developing countries. Mr. Nakao was the Vice Minister of Finance for International Affairs between 2011 and 2013, and in charge of foreign exchange markets, G20 and G7 processes, ASEAN+3 financial cooperation, and bilateral financial relations with the US, Asian, and others. Mr. Nakao has gained extensive experience in international finance and development since he joined the Ministry of Finance in 1978. He was assigned as Minister at the Embassy of Japan in Washington D.C. between 2005 and 2007, and worked as advisor at IMF's Policy Development and Review Department between 1994 and 1997. He has published books and numerous papers on financial and economic issues both in Japanese and English. His memoir “The Rise of Asia: Perspectives and Beyond” covering his ADB days as well as those of Vice Minister was published by ADB in July 2022 (available on ADB HP). He also took an initiative and was a lead editor for “Asia’s Journey to Prosperity: Policy, Market, and Technology over 50 Years”, published by ADB in January 2020 (available on ADB HP). Mr. Nakao holds a BA degree in Economics from the University of Tokyo (1978) and a Master of Business Administration from the University of California-Berkeley (1982).

Major Publications

- The Rise of Asia: Perspectives and Beyond –Memoir of the President of the Asian Development Bank, 2022, Asian Development Bank (available on ADB HP).
- Asia’s Journey to Prosperity, Policy, Market and Technology over 50 Years, January 2020, Asian Development Bank (Lead editor and co-author) (download available on ADB HP)

Papers(available on the Mizuho Research & Technologies HP)

- Why Should We Discuss the Global South Now?, December 2022, Discuss Japan - Japan Foreign Policy Forum" together with ENDO Mitsugi (Professor, University of Tokyo), and KAWASHIMA Shin (Professor, University of Tokyo)
- Asia's Growth and the Rise of China, February 2021, Discuss Japan - Japan Foreign Policy Forum
- ADB’s New Strategy in Asia, Helping Build Quality Infrastructure at Scale, September 2016, International Development Journal (translation)
- Challenges in International Finance and Japan’s Responses, March 15, 2012, International Financial Symposium hosted by the Institute for International Monetary Affairs
- Response to the Global Financial Crisis and Future Policy Challenges, Hakone, October 23, 2010, Keynote Address, Symposium co-hosted by Harvard Law School and International House of Japan
- Reforming the International Monetary System—Japan’s Perspective, March 18, 2010, Symposium at the Institute for International Monetary Affairs
- Japanese ODA—Adapting to the Issues and Challenges of the New Aid Environment, October 2005, FASID Discussion Paper on Development Assistance No.8, with Takamasa Akiyama
- Japan’s Experience with Fiscal Policy in the 1990s, March 2002, Paper for the Seminar on Fiscal Impacts Hosted by the Central Bank of Italy