[3] During his career, Nakao served variously as Minister at the Embassy of Japan in Washington D.C. and as an economic advisor at the International Monetary Fund in the mid-1990s.

[6] Nakao holds a degree in economics from the University of Tokyo where he later taught international finance during 2010-2011.

Since its inception in 1966, ADB presidents have all been Japanese and although there was talk of a Chinese challenge, Nakao remained the sole nominee for the post.

[5] He was unanimously elected president by the Board of Governors of the ADB and assumed office on April 28, 2013.

In August 2016, the ADB Board appointed Nakao to a new five-year term, which began on November 24, 2016.