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The gradual emergence of Asian economies in the latter part of the decade spurred demand for better infrastructure to support economic growth.

After considerable diplomatic effort, Japan was eventually accepted into the organization by the majority of the participating nations, and Tokyo was selected as the site of the bank's headquarters.(In fact, Marcos eagerly volunteered to house the ADB in the newly constructed building on prestigious Roxas Boulevard, which had been designated for the Foreign Ministry.) As a concession to the Japanese, they were given the inaugural Presidency of the institution – a position they have tenaciously held onto ever since.Once the ADB was founded in 1966, Japan took up the Presidency and some other crucial "reserve positions" such as the directorship of the all-powerful administration department known as BPMSD (Budget, Personnel, and Management Systems Department) through which they manage the institution.Traditionally, and because Japan is one of the largest shareholders of the bank, the president has always been Japanese.The current president is Takehiko Nakao, who succeeded Haruhiko Kuroda in 2013.