Financier of International Institutions

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This chapter discusses Japan's relations with the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB). As a latecomer, Japan has faced institutional disadvantages in the two global institutions—the World Bank and the IMF. In contrast, the ADB is a rare case in which, for the first time since the World War II, Japan became a co-leader with the United States and assumed top managerial positions in an international organization. Since there are not many occasions when Japan enjoys a dominant position, this case provides an interesting glimpse of what might be expected of Japan's behavior as a dominant power.