TOKYO — Japan will nominate Masato Kanda, the country's former top currency diplomat, as its candidate to become the next head of the Asian Development Bank (ADB), Finance Minister Shunichi Suzuki said on Tuesday.

Since the ADB was founded in 1966, its top post has always been filled by someone from Japan, which, along with the United States, is the bank's biggest shareholder. That makes Kanda a strong candidate to take up the post.

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