IMF Chief Proposes Japanese Financial Expert As His Deputy

Sponsored Links

International Monetary Fund (IMF) chief Dominique Strauss-Kahn has proposed Naoyuki Shinohara, former Japanese currency official, as his deputy.

In a statement released at the IMF/World Bank annual meetings Tuesday, the IMF Managing-Director said he "decided to propose Naoyuki Shinohara as the next deputy managing director to succeed Takatoshi Kato. He possesses vast experience in the arena of international finance."

"Shinohara has a deep knowledge of the Fund and our work in all aspects and he has occupied various senior positions in the International Bureau of the Ministry of Finance," the statement added.

Serving as vice minister of Finance for International Affairs of Japan until July this year, he was in charge of developing and implementing Japan's policy responses to the global crisis, especially in the international finance sphere.

Shinohara was also Japan's Executive Director at the Asian Development Bank during 1998-2001.

The 56-year-old graduate in economics and public affairs is currently an adviser at the Japanese Ministry of Finance.

The proposal has to be approved by the Fund's Executive Board.

(Market News Provided by RTTNews)