JAPAN-IMF SCHOLARSHIP PROGRAM FOR ASIA

2022–23

To foster future macroeconomic policymakers

A scholarship for junior government officials in Asia who wish to pursue graduate-level
economics at Japanese universities.

Funded by the Government of Japan

Administered by the IMF Regional Office for Asia and the Pacific (OAP)
As part of the International Monetary Fund’s capacity building efforts,
the Japan-IMF Scholarship Program for Asia targets promising young
officials from key economic policymaking agencies for graduate-level
scholarships to study in Japan.
With the long-running support of the Government of Japan, the IMF Regional Office for Asia and the Pacific
(OAP) in Tokyo has hosted nearly 860 officials from over 20 emerging and developing economies in the Asia
and the Pacific region, including some countries in Central Asia, since the program’s inception in 1993.

Many JISPA alumni have reached key positions in macroeconomic agencies in the region, including in central
banks and ministries of finance. Against this background, the JISPA has developed a solid reputation and
established itself as a prestigious program among Asian officials. The achievements of the scholars and their
contributions to their countries continue to inspire young officials to apply for the JISPA.

OAP teams up with partnership universities and continues to strive to enhance the program. The partnership
universities also maintain the high quality of education services against challenges facing the COVID-19
pandemic in order for the scholars to continue to benefit from their studies. The JISPA offers curricula which
strike the right balance between theory and practice, to meet the ever-changing needs for macroeconomic
management in an increasingly interconnected world. The curriculum offered by each partnership university
provides a greater focus on financial sector issues, in addition to core macroeconomics subjects. Each
university has identified a set of skills to help potential applicants easily identify the program best suited
for their career and the needs of their sponsoring agencies. JISPA scholars can expect strong support from
the faculty and staff for their academic needs and acclimating to their life in Japan. The Orientation Program
(OP) is offered to ensure that new entrants are well prepared in English and mathematics/econometrics to
commence their master’s programs.

JISPA scholars are also invited to various activities, including seminars on topical policy issues presented by
IMF staff and policy makers, an annual thesis presentation, special seminars by officials from the Bank of
Japan and the Ministry of Finance in Japan. Welcome and farewell receptions are also held for all scholars in
the program. Starting from 2018, OAP offers a summer workshop for scholars who are finishing their first-year
studies with the aim of providing a better understanding of the IMF’s work and analysis.

With the continued education program for the JISPA alumni, also starting from 2018, JISPA alumni are well
connected even after they graduate. This offers courses on more recent and practical subjects needed by
policy makers to help the alumni advance their career.

Please review carefully the material in this brochure and contact us directly if you have questions about the
scholarship program.

Chikahisa Sumi
Director
Regional Office for Asia and the Pacific
International Monetary Fund
Contents

I. INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

II. THE PARTNERSHIP TRACK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

The Japan-IMF Scholarship Program (JISPA) Partnership Universities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
National Graduate Institute for Policy Studies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Hitotsubashi University. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
International University of Japan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
The University of Tokyo. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Course Listing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Skills to Be Attained. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Orientation Program. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
General Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Important Dates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Sample Math Test . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

III. THE OPEN TRACK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

General Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

IV. ACTIVITIES FOR JISPA SCHOLARS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

V. APPLICATION TO THE JISPA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Application Guidelines for Partnership and Open Track. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

VI. CONTACT ADDRESSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Note: Depending on the situation of the COVID-19 pandemic, some of the courses and/or seminars might be offered online,
and some activities might be cancelled or postponed.

Updated on November 9, 2021

1
 I. Introduction

The Japan-IMF Scholarship Program for Asia (JISPA) was first Currently, the JISPA is open to qualified candidates from
introduced in 1993. It is funded by the Government of Japan, the following countries: Bangladesh, Bhutan, Cambodia,
administered by the International Monetary Fund (IMF), and India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R.,
conducted at various graduate schools in Japan. Its key objective Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pacific
is to contribute to institutional capacity building in economic Island Countries, Papua New Guinea, Philippines, Sri Lanka,
policymaking to promote the sustainable growth of emerging Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan,
and developing economies in Asia and the Pacific. By training and Vietnam.
future macroeconomic managers in these countries, the JISPA
aims to enable them to better formulate sound economic The scholarship covers tuition-related costs and most living
and financial stability policies needed for sustainable growth expenses for the scholar herself/himself. Officials who receive the
and development. JISPA scholarship cannot accept other scholarships. Scholars are
expected to devote full time to their studies while in Japan.
The JISPA targets highly motivated government officials who may
serve as future macroeconomic policy makers with the capacity The program comprises two tracks: the partnership track,
and vision to contribute effectively to the economic development discussed in Part II of this brochure, and the open track,
of their countries. Scholarship awards are made on the basis discussed in Part III. Because of the strong competition for
of the candidate’s academic record and work background, scholarships, the JISPA is highly selective. In 2022–23, a total
mathematical and statistics skills, English language proficiency, of 33 new scholarships are available to candidates for the
and potential for contributing to the macroeconomic and financial partnership track. There is no fixed limit on new scholarships for
management and economic development of their country. the open track, but generally only a small number of scholarships
The assessment also includes qualities such as the candidate’s are awarded.
commitment to public service, willingness to learn, and
openness to new ideas. Other than this assessment of individual
candidates, country and agency representation across the region
JISPA Alumni Currently in Senior Positions1
and gender balance among scholarship awardees are considered
at Public Offices and Central Banks (as of 2020)
in making the final selection.
16
16
JISPA Alumni by Affiliation, FY1993-2020 14
14
7 (1%) 25 (3%) 12
22 (3%) 11 11
10
28 (3%) 10 9
8
99 (13%)
6
4
4 3 3 6
425 (55%) 2 2
2 1 1
0
Bangladesh
Cambodia
China

Myanmar
Fiji
Indonesia
Kazakhstan
Kyrgyz Republic
Lao PDR
Mongolia

Philippines
Sri Lanka
Uzbekistan
Vietnam

168 (22%)

Central Bank Trade/Commerce Ministry

Ministry of Finance/Tax Authority Cabinet Office
Economic Affairs Ministry and Agency Others
1
JISPA alumni and alumna who hold a position higher than Deputy
Statistics Bureau Director or its equivalent.

2
II. The Partnership Track

The partnership track of the JISPA allows scholars to study The partnership universities have been selected for their strong
in specially designed graduate level courses concentrating program content and excellent teaching faculties, but have
on macroeconomics at an IMF partnership university. The different strengths and characteristics. Applicants are therefore
partnership universities are: urged to study the contents of the programs, together
with the “Skills to be Attained”, offered by each university
• National Graduate Institute for Policy Studies (GRIPS): one-year carefully before applying, as the application must indicate
and two-year programs which university they wish to enroll in.
• Hitotsubashi University: two-year program
• International University of Japan (IUJ): two-year program The application deadline for the partnership track is
December 1, 2021. After an initial screening of applications,
• University of Tokyo (UTokyo): two-year program
selected candidates will be contacted by the IMF to arrange
All subjects, including the thesis component, are taught entirely an interview, which is typically done in their countries with
in English. representatives from the partnership universities. A math and/or
English examination may also be administered at this time. The
The universities offer programs for JISPA scholars designed to
final selection will be made on the basis of the interview, math
equip scholars to engage in macroeconomic policy dialogue
and English competencies, the application form, and any other
at the international level. All of the programs have a strong
supplementary information.
macroeconomic oriented focus, with core courses offered in
macroeconomic and financial theory and policies. In addition,
the programs offer optional subjects that will help scholars
pursue their particular interests and research agenda. All
programs contain a thesis or research paper component that
will allow the student to develop policy research skills.

3
 Partnership Universities: Program Descriptions

National Graduate Institute for Policy Studies (GRIPS)

GRIPS is a graduate school specializing in education and candidates who have flexible working schedules, are willing to
research in the area of policy studies. Established by the devote more time to thesis writing, and have a desire to develop
Japanese government in 1997, GRIPS aims to provide more advanced analytical skills are welcomed to Two year MEP.
interdisciplinary education for future leaders in the public
sector and to conduct cutting-edge research on contemporary The MEP is a professionally oriented program designed to train
policy issues. GRIPS is located in Roppongi, one of the trendiest modern macroeconomic policy makers and professionals who
cultural and international districts in the heart of Tokyo, and has need to understand macroeconomic fluctuation and the roles of
a cosmopolitan atmosphere with around 20% of the faculty and monetary and fiscal policies in domestic and global economies.
70% of students coming from outside of Japan. It values education in principles and theories of macroeconomics,
combining rigorous training in analytical and quantitative
The predecessor of GRIPS was the Graduate School of Policy methods with emphasis on macroeconomic policy analysis,
Sciences established in 1977 at Saitama University, the first design, and implementation.
graduate school for policy studies in Japan.
The MEP developed from the successful tradition of Transition
Based on research outputs and impacts, the economics group at Economy Program, a partner of JISPA since the inception of the
GRIPS was ranked Second in Japan and Eleventh among public scholarship program.
policy schools in the world (RePEc, May 2018).
The Faculty
Macroeconomic Policy Program (MEP) The MEP is supported by full time faculty and visiting lecturers.
For JISPA scholars, GRIPS offers One year Macroeconomic Policy About 20 full time faculty members, many of which are
Program and Two year Macroeconomic Policy Program (MEP). international scholars, form the core faculty of the program. The
One year MEP requires 34 credits for graduation and grants a faculty at GRIPS include both members with solid academic
Master of Public Policy or a Master of Public Economics; trainings and outstanding publication records as well as
Two year MEP requires 44 credits and grants a Master of Arts in practitioners with extensive experiences in civil services and
Public Economics. Qualified candidates with strong competency public policy management. All of them are committed to
who are highly motivated to complete an intensive one year educating new generations of policy makers and have rich
program are encouraged to apply for One year MEP. Qualified experiences in teaching and thesis supervisions.

4
The Curriculum Please see page 12 for a complete course listing and page 16 for
The curricula consist of four components: required courses, “Skills to be Obtained by Scholars”.
a policy paper (One year Program)/thesis (Two year Program),
recommended courses, and elective courses. The required Qualifications
courses, which include Macroeconomics, Microeconomics, Candidates must hold a Bachelor’s degree from a recognized/
and Econometrics, provide solid training in principles and accredited university and must satisfy the English language
theories of economics and develop practical analytical skills for requirements with a minimum TOEFL iBT score of 79 or IELTS
designing and evaluating macroeconomic policies. The variety Academic score of 6.0. A strong undergraduate background and
of recommended and elective courses gives students the chance work experience in public policy related fields are also required.
to further advance their analytical and quantitative skills as well
as to develop their specialization in specific areas of interests, Facilities
such as monetary policy, fiscal policy, international trade, and GRIPS offers all necessary facilities for students. The GRIPS library
financial markets. maintains an excellent collection of books, journals, databases,
and reference materials. Wireless internet access is available
Required Courses on campus. On-campus facilities also include a computer room,
All MEP students must take the following eight courses: fitness center, auditorium, conference rooms, individual study
Macroeconomics I &II, Microeconomics I & II, International booths, and a health clinic staffed with an English speaking nurse
Finance, Introduction to Applied Econometrics, The World and and doctor.
the SDGs, and Introduction to Public Policy Studies.
Accommodation is provided in GRIPS International House in
Nakano, the Tokyo International Exchange Center in Odaiba,
Policy Paper/Thesis
Misato Housing Complex in Saitama Prefecture, or in private
One year MEP students are required to write a policy paper; Two
apartments recommended by the GRIPS Student Office.
year MEP students are required to write a master’s thesis. Both
policy paper and thesis writings will be supervised by core faculty Further information on the program can be found on the GRIPS
members through thesis seminars. website at [Link]

Recommended Courses “The Macroeconomic Policy Program (MEP) at GRIPS

Recommended courses include quantitative analysis courses such provides macroeconomic policy makers the ability to guide
as Applied Time Series Analysis for Macroeconomics, Applied the economy to stable and sustained growth. Many of our
Econometrics, Mathematics for Economic Analysis, Data Science graduates are currently playing leadership roles in the
in Practice, Quantitative Social Systems Analysis, and Cost Benefit public sector such as government ministries and central
Analysis I. banks. Join the MEP and get a boost in your career—
Students may also choose from courses covering a wide range it’s your turn to change your country for the better!”
of disciplines such as Accounting and Financial Management I,
Empirical Finance, Financial Economics, Monetary Economics,
International Trade, Public Expenditure Management,
Development Economics, Development Econometrics, Game
Theory, and Japanese Economy.

Advanced Courses in Economics

Students with exceptional qualifications and capacities have
opportunities to take advanced economics courses offered to
Ph.D. candidates of the Policy Analysis Program.
Junichi Fujimoto
Program Director and Associate Professor,
GRIPS Forums and Seminars in Macroeconomic Policy Program, GRIPS
Frontiers of Economics Research
The GRIPS forum provides an excellent opportunity for students
to understand major economic and political issues in Japan and
the world. The weekly economic seminars open students’ eyes to
the frontier of economic research.

5
 Hitotsubashi University
Founded in 1875, Hitotsubashi University is a leading The Faculty
university in economics and business in Japan. Today, it has The Asian Public Policy Program’s core faculty comprises full-
four departments, six graduate schools, and two research time teaching staff who combine Ph.D. degrees from top US
institutes, covering the fields of business, economics, law, and and UK universities with professional working experience at
social sciences. It has an enrollment of approximately 6,000 policy institutions including the IMF, World Bank, ASEAN+3
undergraduate and graduate students, and a faculty and staff Macroeconomic Research Office (AMRO), and Bank of Japan.
of over 550. In addition to the core faculty, lectures are given by academics
with outstanding reputations from the Graduate School of
Master of Public Policy (Public Economics) Economics of Hitotsubashi University as well as by leading
Asian Public Policy Program, professionals with practical experience from public and private
sector institutions. Current Visiting Professors include those
School of International and Public Policy
from Harvard University’s Kennedy School of Government
For JISPA scholars, Hitotsubashi University offers the two-year
and Australian National University.
Asian Public Policy Program (APPP) at the School of International
and Public Policy, leading to the degree of Master of Public Policy
(Public Economics). The program targets young professionals The Curriculum
in Asian governments, central banks and other policy-related The curriculum focuses on economic policy design and analysis,
organizations. The APPP has been and continues to be an and is conducted entirely in English. The curriculum consists of
important stepping-stone for such individuals to become core theory courses, fiscal and regulatory policy, monetary and
fully-fledged fiscal or financial economists, economic planners, financial policy, workshops on current topics, special intensive
policy analysts, and policymakers in their governments as well courses, and weekly seminars.
as in international organizations.
A strong emphasis is placed on seminar work and the master’s
The course distinguishes itself from other graduate programs thesis. Seminar work is a long-standing tradition of Hitotsubashi
offered in the public policy area by its strong focus on economic University, where a small group of students work together under
policy, with almost all of the required and elective courses the guidance of the academic advisor to discuss economic and
structured around economics and its applications to policy. policy issues as well as develop and discuss their prospective
The program aims to equip its graduates with the knowledge thesis. The thesis is a required element of the course and
and skills to analyze and develop policies against a sound provides an opportunity for students to apply their knowledge
knowledge of economic theory. and skills acquired from the APPP courses to analyze real-world
policy issues. A total of 44 credits and the submission of a thesis
The Program is also especially attractive for the personalized are required for the degree.
attention it provides to the students. The class sizes are quite
small – at most around 15, and each full-time faculty supervises For those students who wish to pursue doctoral courses in the
around 4 student per annual intake, and is able to give close future, or who have specialized interest in non-economic area
guidance to the student’s academic undertakings. The small size of public policy, they may take advanced courses offered by
of the Program also allows students to build strong ties with their the Graduate School of Economics or by the Global Governance
fellow students, which can last a lifetime, and will be a valuable Program of the School of International and Public Policy.
asset in their career.

6
Course Descriptions Qualifications
Core Courses taken in the first year provide basic theoretical A minimum of two years’ full-time public sector working
and analytical skills. The Elective Courses and Intensive Courses experience in economic policy areas and a BA or BS degree
are provided throughout the two years and focus on specific from an officially accredited university are required. A first
policy areas. Students are also required to take an English Thesis degree in Economics would be an advantage, but the program
Writing course. The Master’s thesis is the focus of student’s study welcomes those with other background with a strong desire and
during much of the second year. commitment to study economics. Candidates should have high
English proficiency, i.e., TOEFL score of 550 (CBT 213)/IELTS 6.0
Required Courses: Theoretical Foundations or higher.1
Core theory courses provide a solid foundation in microeconomic
and macroeconomic theory and public sector economics Facilities
as a framework for policy analysis. Courses on quantitative The Asian Public Policy Program is located in Tokyo.
techniques of economic analysis and financial programming for The educational activities are conducted at the Kunitachi campus
macroeconomic policy formulation are also required, with the which is the main campus of Hitotsubashi University and at the
latter offered as a two-week intensive course. Chiyoda campus which is the place of origin of the university.

Hitotsubashi University offers single-occupancy rooms at the

Elective Courses: Policy Areas University dormitory for all JISPA scholars. Provision of family
These courses cover major issues in specific policy areas, covering
room is subject to availability.
analytical and practical aspects of policies, with a special
emphasis on experience in Japan and Asia. For students with Further information on the program can be found on the
a tax administration background, a special course is offered Hitotsubashi University website at
in association with the National Tax Agency of Japan, which [Link]
provides practical knowledge and experience on taxation issues.
“Asian Public Policy Program offers an opportunity to learn
Courses on Current Issues from professors who combine knowledge of economics
They are designed to provide students with a good with rich experience of implementing or advising on
understanding of the current situation, prospects, and research economic policy. Students can study how to analyze policy
of the current topics, with lectures provided by external scholars, issues relevant in the real world on a firm theoretical basis.
policymakers, staff of international organizations, and other Striking the right balance between theory and practice is
practitioners in public policy, from both Japan and abroad. what we strive to achieve in our Program, which we believe
will greatly contribute to your career.”
Japanese Language Course
Intensive Japanese language courses are offered a few weeks a
year for JISPA scholars.

Seminars
Students are required to belong to a seminar group led by their
academic advisor. They pursue academic topics of their interest,
which provides a basis for their thesis.

Extracurricular Activities
Field trips outside of Tokyo are organized. Furthermore, students Masako Ii
are given an opportunity to experience Japanese culture. Program Director and Professor, Asian Public Policy
Program, School of International and Public Policy,
Please see page 13 for a complete course listing and Hitotsubashi University
page 16 for “Skills to be Attained by Scholars”.

1
Hitotsubashi University candidates are required to complete the admissions process for the School of International and Public Policy in addition to the JISPA
process, as a formality. A separate application form must be filled out and submitted to the university with the required documents. Hitotsubashi will contact
the finalists for details following the determination of JISPA application results.

7
 International University of Japan (IUJ)
IUJ was founded in 1982 with extensive support from Japanese University, University of New South Wales, North Carolina State
industrial, financial, and educational communities, and from the University, University of Oxford, University of Rochester, and
local community of Minami-Uonuma City in Niigata prefecture. University of Wisconsin-Madison. Because many faculty members
IUJ consists of two graduate schools: the Graduate School live around campus, they are readily available to the students..
of International Relations (GSIR) and the Graduate School of
International Management (GSIM). GSIR currently offers four Faculty members promote the exchanges of ideas and
Master’s degrees: Master of Arts in Economics, Master of Arts in discussions in an objective, supportive, and effective
International Development, Master of Arts in Public Management environment. They are not only effective teachers but also
and Master of Arts in International Relations. The student body productive and excellent scholars. Faculty members have been
of IUJ comprises about 360 students representing about 60 involved in various policy related research projects financed
countries across the globe. by organizations such as the Japan Society for the Promotion
of Science, Japan International Cooperation Agency, Economic
In response to strong needs for higher level professionals in an Research Institute for Northeast Asia, and United Nations
increasingly globalized society, GSIR launched a PhD Program University. Their research results have been published in
in September 2015. Targeting future leaders in international internationally refereed academic journals. The JISPA scholars
organizations, public organizations and/or governments, the PhD are given the opportunity to learn from and/or be involved in
Program aims at fostering high level professionals playing an these projects.
important role in international arena with theoretical, analytical,
and practical abilities as well as fostering researchers to operate The Curriculum
effectively in international society. The curriculum is designed for the scholars who need the
critical skills and knowledge of basic macroeconomic concepts
Macroeconomic Policy Program (macroeconomic and microeconomic theories, monetary
For JISPA scholars, IUJ offers the two-year Macroeconomic economics, international trade and finance, financial economics,
Policy Program (MPP). The program provides rigorous training public finance and taxation, econometrics) with a strong
in the principles of economics and their applications in policy emphasis on macroeconomic policy formulation and public
analyses. The program’s objective is to equip scholars with a finance, central banking and monetary policy, and financial
comprehensive understanding of contemporary macroeconomic market policy. The two-year curriculum consists of required
issues and to help scholars contribute to sustainable economic courses, elective courses, and advanced seminars.
growth and development in Asia and the Pacific. The curriculum
of the program is designed especially for the government First year: The first-year curriculum introduces core required
officials from ministries of finance, central banks, and other courses that provide the scholars with tools, concepts, and
public institutions. Emphasis is placed on macroeconomic policy theories in economics and related fields (please refer to our
formulation and public finance, central banking and monetary course listing). It also trains scholars on how to use various
policy, and financial market policy, which contribute to human software packages for empirical and quantitative analyses such
capacity building of such organizations. as STATA, E-Views, Gauss, Matlab, and Fortran. Empirical methods
including structural model and quasi-experimental approaches
are covered. Advanced macroeconomic models such as DSGE are
The Faculty also taught. These courses expose the scholars to cutting-edge
Faculty of the Macroeconomic Policy Program (MPP) consists
knowledge in macroeconomics, thus helping them to analyze
of core full-time and visiting faculty members. All core full-time
public policy issues within inclusive and coherent theoretical and
faculty members have obtained PhD degrees in economics
empirical frameworks. The scholars start preparations for
or related fields from prestigious universities such as Cornell
8
a master’s thesis on a unique, macroeconomic related issue It serves as a gateway for students to access a wide range of
toward the end of the first-year. Before the spring term of the first important information from throughout the world. IUJ has four
year, all scholars need to decide their research topic and choose on-campus student dormitories, of which three are for single
an academic supervisor. They, with their supervisor’s guidance, students and one for married students. English-speaking dorm
plan which elective courses to enroll in that will help them staff members are also available throughout the year, including
explore their research topic. weekends and national holidays. For meals and daily supplies,
IUJ has a cafeteria with Halal offerings, and a school shop. Some
Second year: The second-year curriculum consists of elective students prefer cooking their own meals in the common kitchens
courses and a master’s thesis writing. Practical and policy- in the dorms. Along with sporting facilities including tennis
oriented courses expand the theoretical and empirical capabilities courts and a gymnasium, students also have an easy access to ski
developed in the first year. Simultaneously, the scholars resorts in winter and hiking trails in summer around the campus.
concentrate on their master’s thesis while participating in There are numerous extra-curricular activities on and outside of
advanced seminar sessions under supervision of faculty campus throughout the year. Counseling services in English are
members. Through the process, the scholars have an opportunity also available on campus. A well-experienced counselor with an
to analyze their research topic in depth by integrating theories, international background is stationed to support the campus life
methods, concepts and their practical applications that they have at IUJ with private and confidential consultation on a wide-range
acquired in the entire two-year program. of issues including stress managements, anxiety, personal issues,
interpersonal issues, etc.
Seminars and Other Activities
A series of workshops and seminars conducted by renowned Further information on the program can be found on the IUJ
lecturers and practitioners enable the scholars to obtain practical website at [Link]
knowledge. Field trips to various Japanese financial institutions
The latest brochure of the GSIR is also available upon request
and cultural places also enrich their IUJ experiences.
through the internet at
[Link]
Language Programs
GSIR offers a sequence of English and Japanese language “The Macroeconomic Policy Program (MPP) at IUJ aims to
courses throughout two years of study. The English Language
train students to be macroeconomic policy makers who can
Program provides effective English language courses to the JISPA
identify, analyze, and resolve economic issues using state
scholars who need to improve their English language proficiency.
of the art economic knowledge. Our program provides
In addition, the Japanese Language Program offers courses from
introductory to advanced levels.
rigorous training in economic theory and data analysis.
We also provide several policy-oriented courses. In addition
Please see page 14 for a complete course listing and page to coursework, students receive close thesis supervision
16 for “Skills to be Attained by Scholars”. from research active faculty. We welcome your application!”

Qualifications
Candidates with a strong desire to study and contribute to
macroeconomic policy formulation in their countries are
encouraged to apply. A strong undergraduate background,
evidence of experiences with public policy issues, and high
English proficiency are required.

Facilities
In addition to high-speed Internet available at dormitories,
students also have an access to three computer labs on campus. Robert F. Kane
IUJ’s Matsushita Library and Information Center has a large Program Director and Associate Professor
collection of books (both hard copy and e-books), academic Macroeconomic Policy Program
journals, and databases in the area of business, economics, Graduate School of International Relations
finance, public management, international relations and politics. International University of Japan

9
 The University of Tokyo (UTokyo)
Study at The University of Tokyo: requirements are met). MPP/IP applicants are expected to
Tradition of Excellence. demonstrate basic competence for learning law, politics
As a leading research university with over 4,000 faculty and and economics.
nearly 30,000 students, UTokyo offers courses in essentially all MPP/IP consists of two policy streams, namely, Economic Policy,
academic disciplines at both undergraduate and graduate levels. Finance and Development (EPFD) and Public Management
In addition to providing students with a learning environment and International Relations (PMIR), and JISPA scholars will be
that is ideal for both intellectual development and professional enrolled on EPFD.
skills attainment, UTokyo is known worldwide for the cutting
edge research undertaken within the institutions.
The Faculty
Three UTokyo Graduate Schools (Public Policy, Economics,
Graduate School of Public Policy (GraSPP) and Law and Politics) contribute the core teaching staff of the
GraSPP was established in 2004 with a mission to bridge the MPP/IP; although other Schools and Research Institutes also
gap between academic learning and public policy practices. provide courses being integrated with the program. The School
Academic staff and private / public sector policy practitioners boasts expertise in macroeconomic and monetary or financial
work closely together to connect social science theories to real economics, thanks to faculty members with a breadth of applied
world problems. In the modern globalized world, effective policy- experience from organizations such as the IMF, the Ministry
making requires an international perspective. This, coupled of Finance, the Bank of Japan, and the Council for Economic
with strong foundational academic training, is what we seek to and Fiscal Policy. Located in the city center, UTokyo is able to
provide for our student body in preparation for careers spanning exploit its proximity to the government offices and corporate
government, business, and the public sector. Despite a short headquarters to attract many prominent professionals and
history, GraSPP is now recognized as a leading public policy practitioners as part-time teaching staff in the program.
school in Japan. About a third of the GraSPP graduates have
been placed in various government organizations.
The Curriculum
The GraSPP curriculum encompasses a wide range of public
Master of Public Policy, International Program policy sub-fields including microeconomics, macroeconomics,
(MPP/IP) policy process studies, governance and development. JISPA
UTokyo offers the 2-year Master of Public Policy, International scholars are required to complete 46 credits in two years (please
Program (MPP/IP), which was launched in October 2010. An see a course listing for details).
extensive and diverse menu of courses in English are offered
to learn cutting edge approaches to the public policy arena Economic Policy, Finance and Development (EPFD)
from internationally renowned faculty members at UTokyo.1 All those involved in public policy now face greater opportunities
Extra-curricular activities organized by the School and student and responsibilities to address various challenges stemming from
groups allow for increased social and scholarly exchange globalizing economic activities with evolving social and political
between Japanese-stream and English-stream MPP students. systems. Naturally, there is a growing demand for public policy
Furthermore, MPP/IP students are also able to take courses practitioners equipped with professional knowledge and practical
in other graduate schools (provided language proficiency skills. Against this background, those who aspire to be globally
competitive public policy practitioners are increasingly required

1
All courses offered in the MPP/IP are also open to English-proficient students in the Japanese MPP programs.

10
to broaden their intellectual horizons, acquire specialized The University of Tokyo Library System is composed of about 40
knowledge, sharpen analytical skills and strengthen practical libraries, including the General Library, the Komaba and Kashiwa
capacities. EPFD is designed to meet this demand by offering Libraries, and faculty / institutional libraries. The General Library
courses suited for those who want to advance their careers in is the system’s main coordinating body. Each faculty / institution
government, business, international organizations or NPOs in the library has a large number of materials in their specialized fields.
field of economic policy, finance and development.
GraSPP’s International Student Desk provides student support
First Year: In the first year, students are expected to take most of services to help them complete their enrolment and arrange
the required core courses as well as one or two case studies. for visas. Advisors also help coordinate applications for student
dormitories or find accommodations through private real
Second Year: In the second year, on top of taking other elective estate firms.
courses, students focus on writing a research paper/thesis
frequently focusing on topics examined in case study courses to
apply to policymaking in the context of their home countries.
Japanese Language Courses
The University of Tokyo’s Center of Japanese Education offers a
variety of Japanese language courses for international students.
Other Recommended and Elective Courses For further information, please visit the website:
Elective courses cover a range of topics, including Development [Link]
Economics: Macroeconomic Approach, Economic Analysis of
Public Sector, International Financial Policy, Asian Economic Further information on GraSPP is available on the following
Development and Integration, Asian Financial Markets, Central website at [Link]
Banking, Global Financial Regulation, Monetary Policy, Sovereign
Debt, Topics on Modern Japanese Economy. GraSPP also Further information on MPP/IP is available on the following
hosts a Public Policy Seminar Series, inviting world leaders in website at [Link]
government, academic and business fields to deliver lectures on
current public policy issues. “In the heart of Tokyo, GraSPP students and faculty are
enjoying the splendid educational environment that serves
Please see page 14 for a complete course listing and page 16 for and matches an increasingly diversifying student body.
“Skills to be Obtained by Scholars”. The school continues to upgrade interdisciplinary training
with a balanced mix of law, politics, and economics,
Qualifications including classes offered by faculty members with practical
Candidates must hold a Bachelor’s degree or its equivalent from experience, as well as hands-on training that draws on
a recognized/accredited university and are expected to possess real-world case studies.
high English language proficiency to be able to pursue studies.
A minimum TOEFL score of PBT 570 ( iBT89) or IELTS 6.0-6.5 is I hope that our students can make the most of these
expected. A strong undergraduate background and/or evidence learning environments and transform themselves into
of experience with public policy issues in economic management public policy professionals.”
are also required.2

Facilities
The main campus of the university is located in Hongo, Bunkyo-
ku, Tokyo and occupies about 56 hectares of the former Kaga
Yashiki, the Tokyo estate of a major feudal lord. Parts of the
seventeenth century landscaping of the original estate have been
preserved to provide greenery and open space.

Hiroshi Ohashi
Dean, Graduate School of Public Policy
The University of Tokyo

2
Successful candidates for GraSPP are additionally required to complete and pass the formalities of admissions process for the GraSPP. A separate application
form must be filled out and submitted to the MPP/IP Admissions Office, following the instructions from the university after the JISPA final selection in mid-
April 2017. The application form will be sent from MPP/IP Admissions Office via email.

11
 Course Listing

National Graduate Institute for Policy Studies (GRIPS)

Macroeconomic Policy Program

Master of Public Policy or Master of Public Economics (One year Program)
Master of Arts in Public Economics (Two year Program)
Required Courses and Policy Paper (One year Program)
Required Courses and Thesis (Two year Program)

Required Courses
• Macroeconomics I & II • Introduction to Public Policy Studies • Tutorial (MEP1) (One year Program)
• Microeconomics I & II • The World and the SDGs • Thesis Seminar I–III (Two year Program)
• International Finance • Policy Paper Seminar I– II • Tutorial (MEP2) (Two year Program)
• Introduction to Applied Econometrics (One year Program)

Recommended Courses
• Monetary Economics • Economics of Law • Economic Modeling for Policy
(Money and Banking) • Competition and Regulatory Economics Simulations
• Economic Development • International Trade • Development Economics
of Southeast Asia • Empirics of Macroeconomic Policies • Asian Financial Markets
• Government and Market and International Finance • Development Econometrics
• Applied Time Series Analysis • Theory and Practice of Central Banking: • Computer Programming for Economics
for Macroeconomics Japanese and Global Experience • Accounting and Financial Management I
• Applied Econometrics • Environmental Economics • Fiscal and Monetary Policies in Japan
• Applied Econometrics Practice • Resource and Energy Economics • Public Expenditure Management
• Trade and Industrial Development • Contemporary Japanese Economy • Modernization of Financial Sector:
• Mathematics for Economic Analysis • Japanese Economy Lessons from Recent Financial Crises
• Public Finance I & II • Financial Economics • GRIPS Forum I & II
• Monetary and Fiscal Policy • Japan and the Global Economy I & II • Introduction to Data Science
• Fiscal Reform in Japan • Time Series Analysis • Data Science in Practice
• Economics of Tax Policy • Cost Benefit Analysis I • East Asian Economies
• Reform of Economic Policy in Japan

Elective Courses: Advanced Economics Courses for Qualified Students

• Advanced Macroeconomics I–IV
• Advanced Econometrics I– IV
• Advanced Microeconomics I-IV
• Other courses offered by GRIPS

12
Hitotsubashi University
Master of Public Policy (Public Economics)
Asian Public Policy Program

Required Courses
• Microeconomics for Public Policy • Fundamentals of Econometric Methods II
• Macroeconomics: Theory and Policy • Economics of Public Sector I
• Fundamentals of Econometric Methods I • Economics of Public Sector II

Elective Courses
Fiscal Policy Public Sector Policy
• Economic Analysis of Tax Systems • Economic Analysis of Public Investments
• Tax Policy I: Tax Policy and Systems • Economic Analysis of Regulation and Public Enterprise
• Tax Policy II: International Taxation • Economic Analysis of Social Policy
• Fiscal Decentralization and Local Government Finance • Economic Analysis of Social Security Systems
• Field Research on Tax Administration
Joint Courses
Monetary and Financial Policy • Japan’s Foreign Policy Making I
• Financial Sector Reform and Development • Japan's Fiscal and Monetary Policy Making
• Central Banking
• Asian Economic Development and Integration*

Current Issues – Workshops and Intensive Courses

• Workshop on Current Topics* • Issues on Public Policy VI
• Current Issues in International Economy and Finance • Issues on Public Policy VII: Building More Inclusive Financial
• Financial Programming for Macroeconomic Policy Formulation* Systems: Microfinance and SME Finance*
• ESG Investing and SGDs* • Issues on Public Policy VIII: Selected Issues in Public
• Issues on Public Policy I Financial Management*
• Issues on Public Policy II • Issues on Public Policy IX
• Issues on Public Policy III: Macroeconomic Time Series Analysis* • Issues on Public Policy X: Economic Surveillance and
Regional Financial Arrangements in Asia
• Issues on Public Policy IV
• Issues on Public Policy V*

Seminar Work: (required for graduation) Thesis Writing Tutorial

• Seminar I • English Thesis Writing I*
• Seminar II • English Thesis Writing II*

* Compulsory for Registration

Note: For those students who wish to pursue doctoral courses in the future, they may take advanced courses offered by the Gradudate
School of Economics such as Intermediate Macroeconomics, Advanced Macroeconomics, Advanced Microeconomics or sometimes by
other graduate schools at Hitotsubashi University.

13
 International University of Japan (IUJ)
Master’s of Arts in Economics
Macroeconomic Policy Program

Required Courses
• Microeconomics I: Price Theory • Statistical Methods • Monetary Economics
• Microeconomics II: Strategic Behavior • Macroeconomics and Policy Analysis
and Information Analysis and Policy Analysis • International Trade
• Macroeconomics I: Income Theory • Econometrics • International Finance
• Macroeconomics II: Business Cycle • Public Finance
and Growth Theory

Electives : Recommended Courses

• Agricultural Development and • Global Market Seminar • Japanese Public Finance and
Resource Revenue Management • Industrial Organization Administration
• Analysis of Development Policies and Policy Analysis • Labor Economics
and Programs • Inequality and Poverty: • Macroeconomic Modeling
• Business Presentation Measurement and Applications and Forecasting
• Cost Benefit Analysis • Intercations, Institutions, • Mathematics for Economics
• Cross-Sectional and Panel Data Analysis and Economic Development and Management
• Development Economics • International Economic Systems • Monetary Policy
• Development Policy and Globalization and Order in Developing Countries
• Environmental and Health Economics • Issues in African Development • Policy Evaluation
• Evolving Development Paradigms • Japan’s Educational System • Public Finance and Budgeting
and Changing Operational Strategies • Japanese Corporate Finance • Research Methods
of Development Organizations and Financial System • Time Series Analysis
• Financial System and Financial • Japanese International
Regulation Development Cooperation

Other Elective Courses

The maximum number of credits
• Comparative Government and Politics Cultures, Gender, and Equality of language courses which can be
• Contemporary International Security • International Economic Systems counted towards required credit
Issues: National and Human and Order for graduation is 2.
• Cost Benefit Analysis • Managing Public Organizations
Online syllabi are available at
• Development Policy and Globalization • Public Administration [Link]
• Essentials of Economics Note: Other courses offered by
• Foreign Policy Analysis the Graduate School of International
• Human Rights and Global Justice: Management (GSIM) can also be
counted toward degree.

14
The University of Tokyo (UTokyo)
Master of Public Policy
Master of Public Policy, International Program (MPP/IP)
Economic Policy, Finance and Development (EPFD)

Completion requirements
MPP/IP requires two years or longer of full-time study to earn 46 course credits or more.

Economic Policy, Finance and Development (EPFD) 2. International Relations

• Introduction to International Politics*
I. COMPLETION OF BASIC ECONOMICS • International Conflict Study*
(12-15 credits from all the three groups 1 to 3) • Field Seminar in International Relations*
1. A or B or C • International Relations and Political Regimes
A. Microeconomics for Public Policy (4 credits) and Practice • Modern Japanese Diplomacy
Session for Microeconomics for Public Policy (1 credit) • Security Studies
B. Microeconomics (4 credits) and Practice Session for • Insurgency and Counterinsurgency
Microeconomics (1 credit) • Contemporary Chinese Politics
C. Microeconomics I (2 credits) and Microeconomics II • Contemporary Chinese Diplomacy
(2 credits) offered by the Graduate School of Economics • Contemporary Chinese Politics and Diplomacy
2. A or B or C • International Politics in East Asia
A. Macroeconomics for Public Policy (4 credits) and • Conflict Prevention and Post Conflict Politics
Practice Session for Macroeconomics for Public Policy • Global Governance
(1 credit) • New Dimensions of Security in the Risk Age
B. Macroeconomics (4 credits) and Practice Session for • Transformation of Warfare and Technology
Macroeconomics (1 credit) • U.S. Diplomacy toward Asia
C. Macroeconomics I (2 credits) and Macroeconomics II • Asia-Pacific Policy
(2 credits) offered by the Graduate School of Economics • Japan’s Modernization Experience and Its ODA Policy
• Japan in Today’s World
3. A or B or C
A. Statistical Methods (4 credits) and Practice Session 3. Law
for Statistical Methods (1 credit) • Law and Public Policy
B. Econometrics for Public Policy (4 credits) and Practice • Public International Law and Domestic Implementation
Session for Econometrics for Public Policy (1 credit) • International Environmental Law
C. Econometrics I (2 credits) and Econometrics II (2 credits) • Introduction to Japanese Law
offered by the Graduate School of Economics • Law and Society in Easy Asia

II. COMPLETION OF LAW AND POLITICAL SCIENCE III. COMPLETION OF CASE STUDIES OFFERED BY GraSPP
(6 credits, including 2 credits obtained for one of the (8 credits)
compulsory elective courses indicate with * below) IV. COMPLETION OF COURSES TAUGHT IN ENGLISH
1. Public Management courses including: (28 credits out of 46, double-countable)
• Politics and Public Policy*
• Introduction to Public Management* V. COMPLETION OF COURSES CATEGORIZED AS PRACTICAL
• Introduction to Social Science TRAINING (4 credits out of 46, double-countable)
• Comparative Political Parties and Elections
• Policy Process and Negotiation Additional requirement for IMF scholars: Research paper or thesis
• Science, Technology and Public Policy credits are required for IMF scholars in the second year of study.
• Governance and Development
• Comparative Analysis of Japanese Economic Note: Courses are subject to change.
Policy-Making Process Complete graduation requirement is available at
• Boom, Bust, and Beyond: the Political Economy [Link]
of Development in East Asia
15
 Skills to Be Attained by Scholars

Candidates are kindly requested to carefully review and study the “skills to be attained by scholars” proposed by each partnership
university so that they can identify the university which best provides the skills and knowledge that they seek for their career
progression and meet the needs of the target agencies. This also aims to assess scholars’ achievements at the time of their graduation
to evaluate the effectiveness of the program as part of a results-based approach.

Hitotsubashi International
GRIPS The University of Tokyo
University University of Japan

Scholars are expected to Knowledge of graduate- The JISPA scholar is Problem finding and solving: Students are
acquire a solid theoretical level economic theory. In expected to equipped expected to acquire up-to-date analytical
foundation in core particular, the textbook with quantitative skills of skills to find and solve macro and financial
economic subjects such used for microeconomics macroeconomic forecast economic issues in their countries.
as macroeconomics, (Snyder & Nicholson), which and analysis. These skills The program offers rigorous training on
microeconomics, and contains fairly technical allow them to conduct economic theories and empirical techniques
econometrics. materials, is taught to APPP rigorous empirical research by the frontier academic researchers.
students without skipping and to be familiar with The real world experiences are shared
its math components. computational/statistical by the top practitioners in international
tools, such as Stata Eviews organizations, central banks, government
and R packages.1 offices, development banks, and so forth.

Scholars are expected to Knowledge of econometrics, The JISPA scholar is Global perspective: Students are
enhance their expertise in supplemented by an expected to acquire the expected to gain a global perspective.
economic topics of their elective course dedicated ability of analyzing fiscal Both lecture-style classes and case study
interest such as monetary to time series analysis. and monetary policy effects classes cover issues faced by various
policy, financial markets, All APPP students use based on cutting-edge countries and international organizations.
economic development, econometrics, sometimes theoretical models and Class discussions are often lively with
and policy evaluation. rather sophisticated accompanied by simulation fellow students of various backgrounds,
techniques, for their thesis. approach (Dynare who contribute to class discussions by
on Matlab or Fortran presenting their own experiences in their
programming).2 home countries.

1
The training is provided in the classes of “Econometrics”, “Time Series Analysis”, and “Cross-Sectional and Panel Data Analysis”.

2
The training is provided in the classes of “Monetary Theory and Policy Analysis”, “Public Finance”, “Macroeconomics and Policy Analysis”, and “Computable
General Equilibrium Modeling”.

16
 Hitotsubashi International
GRIPS The University of Tokyo
University University of Japan

Scholars are expected to Understanding of a broad The JISPA scholar is Communication skills: Students are
learn the experience of range of policy issues expected to gain the expected to polish up their presentation
policy design in developed and analyses, taught by competency of crisis and discussion skills, which enhance their
countries, particularly Japan, professors, in house as management. This influence on policy debates. The program
and in other developing well as from outside, potential is developed offers many case study courses, which often
countries through practical who are equipped by their involvement and require students to present their findings
and case-study courses. with both an academic participation in various and views in front of the class and to discuss
background and practical seminars and workshops, openly and critically among themselves.
policy experiences. and also the experience The faculty members guide students
sharing from Japanese to become effective communicators.
Business Sector (Mizuho Moreover, through writing a master thesis
Bank and Morgan Stanley) or a research paper, students enhance
and high-ranking officials their writing skills to construct documents
from Bank of Japan (BOJ) professionally.
and the IMF.3

Scholars are expected to Skills to write a thesis The JISPA scholar is

acquire skills in econometric paper (80-100 pages expected to receive the
softwares (Stata, Eviews), long) in English, helped ability of (academic) English
which is essential by academic advisors as writing and presentation
in conducting well as a professor who skills. This ability allows
their own research. specializes in English them be capable of
thesis writing. Also, 7–8 writing research reports,
term paper requirements or other forms of policy
from elective courses recommendations in a
and the Workshop on logical, clear, elegant way.4
Current Topics.

Scholars are expected to Ability to do a presentation The JISPA scholar is

learn how to write academic in English through seminar expected to learn teamwork
papers, which includes classes, many of elective and to build up leadership
understanding the issue of courses, and the oral due to the valuable feature
plagiarism, rules for citation, defense of the thesis of our environment: they
and the basic structure of (10–15 times of interact with other scholars
thesis/policy paper, and presentations altogether from similar government
how to orally present their for each student during the organizations closely
results, which includes two years of enrollment). in living, studying, and
conveying main ideas clearly working. This strong
and concisely, creating bonding will be the
appropriate slides, and invaluable assets for
interacting with the audience their future career.
in a professional fashion.

3
The training is provided in the classes of “Global Market Seminar Mizuho Financial Group”, “Macroeconomic Analysis and Policy Formulation”, “Financial
Markets and Globalization”, and the internship opportunities in BOJ and Ministry of Finance Japan.

4
These skills are developed through thesis writing, and class presentation. English classes are also available in enhancing students’ learning.

17
 Orientation Program

The JISPA offers the Orientation Program (OP) to newly accepted All JISPA incoming scholars are required to participate in the OP.
scholars under the partnership track. The OP aims to ensure that Scholars from countries where the official language is English or
scholars entering the JISPA are well prepared to commence their those with high English proficiency are exempted from taking
master’s programs in economics at the partnership universities the English component, but must participate in the remaining
and to adjust to life in Japan through intensive courses in components of the OP.
English, mathematics/introductory econometrics, introductory
economics, and Japanese. This program is held from mid-July to In addition to the courses mentioned above, the IMF staff will
late-September (2.5 months), prior to commencing studies at the offer lectures on the IMF to introduce its role and functions, as
partnership universities. The OP is conducted at the International well as contributions made by the Japanese Government to the
University of Japan, located in Niigata, Japan. IMF. Some extracurricular activities are organized by the IUJ to
facilitate interaction among the OP participants. The OP aims
The OP comprises: to develop leadership, organizational, and interpersonal skills
through social and cross-cultural communication activities.
• a four-week course in academic English (reading, writing,
listening, and oral communication skills) and writing tutorial
sessions during the subsequent four weeks;
• a four-week course in mathematics for economics and
introductory econometrics (including statistical software);
• a one-week course in introductory economics; and
• a one-week course in the Japanese language (including
lectures on cross-cultural understanding and field visits),
in addition to practical sessions.

18
General Information

Scholarships provide for admission and tuition fees; a monthly Health Requirements
stipend (including a housing and subsistence allowance); Scholars are expected to be in excellent physical, mental, and
medical/accident insurance; one round-trip economy class emotional health during their studies in Japan so that they
air-ticket; and a lump-sum pre-arrival allowance to cover visa can be engaged in the full-time pursuit of their academic work
application costs, testing fees (such as TOEFL), and a medical as scholars funded by the JISPA. Scholars must notify the IMF
examination; and book-shipping costs. The scholarship covers Scholarship Programs Manager and the university immediately
expenses incurred by the scholar only. if there are any health issues, including pregnancy.
The scholarship covers one year. For the two-year master’s Arrangements will be made to provide medical insurance
programs, the scholarship can be renewed for the second covering most medical expenses of the scholar. This insurance,
year based on the scholar’s academic performance and the however, does not cover pre-existing conditions.
university’s recommendation, together with nomination by
the scholar’s sponsoring agency. All students are requested to undergo a thorough medical
examination at an approved hospital or clinic in their countries
Travel and Visas prior to their arrival in Japan. Evidence of the medical
Travel to Japan will be economy class by the most direct flight(s) examination must be submitted to the university. The cost of
available. The IMF will provide scholars with pre-paid tickets this medical examination is expected to be covered by the pre-
and a travel allowance. Assistance in applying for visas will be arrival allowance.
provided by the universities.
Other Requirements
Accommodation Scholars who receive the JISPA scholarship cannot accept
Accommodation in Japan will be arranged for scholars by the other scholarships.
university. The location of housing depends on the university’s Once accepted into the program, scholars are expected to attend
choice and local availability. University arranged housing is only all classes, maintain a solid academic standing, and conduct
for one-person occupancy. No provision will be made for married themselves appropriately in accordance with the university’s
scholars wishing to live together. internal guidelines and Japanese laws and regulations. Any
violation of these conditions may be grounds for dismissal from
Scholar’s Family the university and/or revocation of the scholarship.
No additional aid or arrangements are given for a scholar’s
family. Scholars are generally advised not to bring family Upon completion of the program, scholars are also expected
members or other dependents to Japan owing to the high cost to return to their home agency to utilize the knowledge
and other complications. If, however, a scholar chooses to bring and skills acquired through their studies under the JISPA.
a family member to Japan, he or she is required to get prior
approval from the university (subject to its guidelines). In any
event, scholars should be aware that they are responsible for
all additional expenditures as well as all required procedures
associated with bringing a family member. These would include
travel, insurance, and medical costs, as well as considerably
higher housing costs.

19
 Important Dates for the Partnership Track
See the table below for important dates. Please note that these dates are indicative, and subject to change.

Application Process Date

Application deadline December 1, 2021

Interviews and testing of select applicants March 1–17 or 18, 2022

Notification to Selected and Reserved Candidates1 April 8, 2022

Deadline to accept scholarship April 15, 2022

Reserve or stand-by applicants are called, if necessary April 15, 2022

Visa application process May–August 2022

Arrival in Japan for Orientation Program July 6–7, 2022 (tentative)

*August 3–4, 2022 (tentative) for scholars who are exempted
from taking English courses

Orientation Program (OP) Mid-July to late-September, 2022

(Mid-July to mid-September, 2022, for JISPA-HIT and UTokyo scholars)

Moving to the University from the OP GRIPS: late-September, 2022

Hitotsubashi: mid-September, 2022
IUJ: mid-September, 20222
UTokyo: mid-September, 2022

Program registration period GRIPS: October 3–17, 2022

Hitotsubashi: mid-September, 2022
IUJ: October 1–9, 2022
UTokyo: early-October, 2022

Courses begin GRIPS: October 6, 2022

Hitotsubashi: mid-September, 2022
IUJ: October 1, 2022
UTokyo: late-September, 2022

1
Successful candidates for Hitotsubashi University are requested to submit the additional application form requested by the university,
for the sake of formality. HIT will contact their finalists for details once the notification of JISPA application results is made in mid-April.
Successful candidates for the UTokyo are requested to submit the additional application form requested by the university, for the sake of formality.
Such candidates will be contacted by the UTokyo following the notification of the JISPA application results in mid-April.
2
JISPA-IUJ scholars will remain staying at the IUJ.

20
 Selected Results of the Survey Taken
at the Graduation in AY2019—2020

How would you rate the master’s program?

I am satisfied with
The curriculum was The instructors were
I attained skills valuable the networking
appropriate to my supportive and
to my work. opportunities I had at
work needs. accessible.
the university.

4.5 4.5 4.5 4.4

How would you assess the university administration?

The field trip arranged
The university provides
The administration of I felt I could approach by the university helped
enough facilities for
the program by the the university’s support me better understand
education (such as
host university was staff whenever I had an economic issues in
libraries and study
effective. issue. Japan and Japanese
rooms).
culture.

4.6 4.7 4.7 4.6

1 2 3 4 5
Strongly Disagree Neither agree Agree Strongly
disagree nor disagree agree

21
 Sample Math Test
A math test is given to applicants who are selected for interviews. The result of this test is one of key factors in judging the
qualification of applicants, and thus, applicants are requested to be well-prepared for the test.

1. Scope of Math Test

A. Arithmetic Operations D. Basic differentiation
B. Solving equations E. Maximization
C. Basic operations of exponential F. Analytical/descriptive questions
and logarithmic functions

2. Sample Math Test

Past math tests for the period of 2017–21 are available on the JISPA website at
[Link]/external/oap/[Link]

1. Compute the following 5. Compute 𝑓 (11.5):

500 + 52 1 4𝑥𝑥 2 (𝑥𝑥 + 5)
− 𝑓𝑓(𝑥𝑥) =
5 + 10
2 4 2𝑥𝑥 2 + 10𝑥𝑥

Answer: ______________________ Answer: ______________________

2. Assume that α is some constant which satisfies 1 > α > 0. 6. Assume

5 + 2that 𝛼 and
4 𝑏 are both positive constants
Solve for 𝑥: and restrict 𝑥 > 0. Under what conditions is 𝑓(𝑥) an
increasing function?
𝑥𝑥 α − 1 1
𝑎𝑎 + 𝑥𝑥
α = 𝑓𝑓(𝑥𝑥) =
𝑥𝑥 1 − 𝑥𝑥
𝑏𝑏 + 𝑥𝑥
Answer: ______________________
Answer: ______________________
3. Let 𝑒 denote Euler’s constant. Solve for 𝑥:
7. Assume that , ,  are all constants and 𝛼 + 𝑏 ≠ 0.
𝑒𝑒 2𝑥𝑥 − 5 Solve for 𝑥:
=1
𝑒𝑒 𝑥𝑥 𝑎𝑎𝑥𝑥 + 𝑏𝑏𝑥𝑥 = 𝑐𝑐
Answer: ______________________
Answer: ______________________
4. Solve for 𝑥:
1 8. Suppose there are two goods (good 1 and good 2).
2 ln (𝑥𝑥 + 1) + ln = ln (5) Let 𝑥𝑖 and 𝑝𝑖 denote the quantity purchased and the
𝑥𝑥 + 1
price of good 𝑖 respectively. The household’s income is 𝑀.
The household’s budget constraint is
Answer: ______________________
𝑝𝑝1 𝑥𝑥 1 + 𝑝𝑝2 𝑥𝑥2 = 𝑀𝑀.

Solve for 𝑥2 as a function of income, prices, and 𝑥1:

Answer: ______________________

22
 𝑥𝑥 + 1
9. Assume that  and  are positive constants and 15. Assume that ∞ ∞
restrict 𝑥 > 0. Calculate the derivative of 𝑓(𝑥): 𝑓𝑓 (𝑧𝑧) 𝑑𝑑𝑧𝑧 =𝑓𝑓 1;
(𝑧𝑧) 𝑑𝑑𝑧𝑧 = 1;
Problem 15. Assume
Problem [Link]
Assume that
−∞ −∞
α
𝑓𝑓(𝑥𝑥) = ln 𝑎𝑎𝑥𝑥 + 𝑏𝑏𝑥𝑥2 α 1 1
.
𝑓𝑓 (𝑧𝑧) 𝑑𝑑𝑧𝑧 =𝑓𝑓 (𝑧𝑧)
−∞ 3 𝑑𝑑𝑧𝑧 = 3 .
−∞
Answer: ______________________  ∞ ∞
Provide a numerical
Provide
Provide answer foranswer
a numerical
a numerical answer𝑓𝑓for
for
(𝑧𝑧) 𝑑𝑑𝑧𝑧. 𝑓𝑓 (𝑧𝑧) 𝑑𝑑𝑧𝑧.
α α
10. Assume that 1 > α > 0, and that 𝑀 and 𝑝 are Answer: ______________________5
Answer: ______________________
Answer: ______________________
both positive parameters (constants). Calculate the
derivative of 𝑢 (𝑥). 𝑁𝑁
2
𝑢𝑢 (𝑥𝑥) = ln [𝑥𝑥 α ]+ln (𝑀𝑀 − 𝑝𝑝𝑥𝑥)
1−α 16. Suppose that 𝑆𝑆 ( 𝛽𝛽0 , 𝛽𝛽1 )= ( 𝛽𝛽0 𝑖𝑖+𝑖𝑖==
𝛽𝛽111𝑥𝑥 𝑖𝑖 − 𝑦𝑦 𝑖𝑖 )
𝑖𝑖 = 1
𝑓𝑓(𝑥𝑥) = 𝐴𝐴 = 121
Answer: ______________________
𝑏𝑏 + 𝑥𝑥 ∂𝑆𝑆
∂𝑆𝑆(𝛽𝛽
(𝛽𝛽00, ,𝛽𝛽𝛽𝛽11)) ∂𝑆𝑆
∂𝑆𝑆(𝛽𝛽
(𝛽𝛽00, ,𝛽𝛽𝛽𝛽11))
Compute the partial derivatives and
and
and :
∂𝛽𝛽
∂𝛽𝛽00 ∂𝛽𝛽
∂𝛽𝛽11
2
11. Suppose that 𝐴𝐴 = 121 and 𝐵𝐵 = 4 . Answer: ______________________
 5
Compute 𝐴𝐵: 17. Refer to the previous question. Solve for the 𝛽0 and 𝛽1 which minimize
𝑆 (𝛽0 , 𝛽1) and denote them 𝛽ˆ 0 and 𝛽ˆ 1 respectively. Suppose that we have
Answer: ______________________ the following three pairs of data (𝑥, y): (0, 1), (1, 1), (2, 2) and hence 𝑁 = 3.
𝑝𝑝 + Given this data, provide a numerical answer for 𝛽1:
𝑎𝑎𝑥𝑥 + 𝑏𝑏𝑥𝑥 = 𝑐𝑐
12. Suppose that 𝑎, 𝑏, 𝑐, 𝑑 are all constants and Answer: ______________________

𝑦𝑦 1 𝑎𝑎 𝑏𝑏 𝑥𝑥 1 . 18. Suppose that you would like to build a fence for a farm. Because of
=
𝑦𝑦 2 𝑐𝑐 𝑑𝑑 𝑥𝑥 2 regulations you can only build the fence in the form of a rectangle.
You seek to maximize the area of farmland protected by the fence.
Write 𝑦1 as a function of the constants and 𝑥1 and 𝑥2: The formula for the area (A) is
𝐴 = 𝑥𝑦
Answer: ______________________
where 𝑥 is the length and 𝑦 is the width of the fence. You must spend the
𝑝𝑝 𝑥𝑥 = 𝑀𝑀. 𝑓𝑓(𝑥𝑥) = ln 𝑎𝑎𝑥𝑥 + 𝑏𝑏𝑥𝑥 entire budget to build the fence. You have $100 to spend. Each meter of
13. Solve for 𝑥1, 𝑥2, and 𝑥3, where: fencing costs $2. Solve for the optimum 𝑥 and 𝑦:

Answer: ______________________
1 5 10 𝑥𝑥 1 1
2 1 2 𝑥𝑥 2 = 2
19. Suppose that we have 20 observations
3 0 1 𝑥𝑥 3 5
𝑋𝑋 = {10.4, 5.4, 11.8, 12.2, 9.9, 10.9, 10.5, 9.5, 12.2, 8.6, 8.9, 13.3, 11.2, 8.9, 13.5, 11.1, 7.0, 8.3, 6.7, 6.7}

Answer: ______________________ The mean of all of the observations is 𝑥 ¯ = 9.85. What is the sum of all of
+ 𝑏𝑏𝑥𝑥 𝑢𝑢 (𝑥𝑥) = ln [𝑥𝑥 ]+ln the observations?

Answer: ______________________
14. Assume that 𝜅 > 1 and 𝑏 > 0. Compute:
∞
𝜅𝜅𝑏𝑏𝜅𝜅 20. Refer to the previous question. Let 𝑥𝑖 denote each element in
𝑥𝑥 𝑑𝑑𝑥𝑥 𝑋 (10.4, 5.4, ... 6.7). Calculate:
𝑏𝑏 𝑥𝑥 𝜅𝜅 + 1
20

Answer: ______________________ (x 𝑖𝑖 − x)
𝑖𝑖 = 1

Answer: ______________________

23
 III. The Open Track

The open track of the JISPA provides support to scholars who To apply for the open track scholarship, applicants must
wish to study graduate-level macroeconomics or a related field complete the online application which will be posted on
at either the master’s or Ph.D. level at any leading university in the JISPA website at [Link]/en/Countries/ResRep/OAP-
Japan. However, priority is given to Ph.D. candidates. It is geared Home/JISPA-Home (A sample application form can also be
towards highly motivated officials who are able to identify a downloaded). In addition, they should submit a copy of their
course of study in Japan suitable to their professional pursuits letter of acceptance into a graduate-level program from a
in the public sector and supportive of their future work as an Japanese university or a copy of the application to a university
economic policy maker. The scholarships typically cover all or (see Part IV for complete application guidelines).
most of the tuition costs and related expenses and provide a
monthly stipend for the scholar. The scholarship covers expenses Award of the scholarship will depend on the suitability of the
incurred by the scholar only. chosen university and course of study, as well as a combination
of the applicants’ educational background, work experience,
For a master’s degree, a scholarship can be awarded for up and potential for future promotion in one of the key government
to two consecutive one-year periods and for a Ph.D. degree agencies for economic policy making.
for up to three consecutive one-year periods, depending on
a university’s requirements under a specific course of study. Open-track applications can be accepted from April 15,
Annual renewal of the scholarship is subject to approval by the with the application deadline of June 1, 2022, for admission
IMF, based on the scholar’s progress, university’s assessment, in September/October 2022 and April 2023. Applicants must
and sponsoring agency’s consent. notify the IMF of the admission result of the university(ies) to
which they are applying prior to receiving a final decision on the
To be eligible for the open track, applicants must first apply scholarship award.
directly to the university of their choice to be admitted into
a graduate-level program in an appropriate discipline. The Additional application for April 2023 admission, with the
IMF maintains no information on the application processes deadline of December 1, 2022, will be opened if open-
at Japanese universities. The IMF can also consider providing track scholarships are still available as a result of the
support to those eligible scholars who have already commenced aforementioned selection.
their studies in Japan.

IMPORTANT DATES FOR THE OPEN TRACK

Application Process Date

Launch online application Early April 2022

Application acceptance period April 15–June 1, 2022

Application Deadline June 1, 2022

Review application materials June 1–20, 2022

Interview with selected applicants June 21–July 21, 2022

Acceptance notification to selected interviewees July 31, 2022

Deadline to accept scholarship August 7, 2022

24
General Information

Scholarship Benefits Health Requirements

The scholarship covers all reasonable expenses a scholar is Scholars are expected to be in excellent physical, mental,
expected to incur, including: one return airfare (subject to and emotional health during their studies in Japan so that they
conditions); admissions and tuition fees; stipend (including can be engaged in the full-time pursuit of their academic work
a housing and subsistence allowance); medical and accident as scholars funded by the JISPA. Scholars must notify the IMF
insurance fees. For scholars enrolled in doctoral programs, Scholarship Programs Manager and the university immediately
research related fees will be additionally covered. The scholarship if there are any health issues, including pregnancy.
covers expenses incurred by the scholar only. The university in
which the scholar enrolls is expected to handle reimbursements Other Requirements
of scholar expenses, and to distribute stipends and other funds.1 Scholars who receive the JISPA scholarship cannot accept
other scholarships.
The scholarship covers one year. The IMF makes a decision on a
renewal for the subsequent year based on the scholar’s academic Once accepted into the program, scholars are expected to attend
performance and progress, the university’s recommendation, all classes, maintain a solid academic standing, and conduct
and the sponsoring agency’s consent. The scholarship award themselves appropriately in accordance with the university’s
period is for up to two years for a master’s program and three internal guidelines and Japanese laws and regulations.
years for doctoral programs, depending on the requirements Any violation of these conditions may be grounds for dismissal
of the university. from the university and/or revocation of the scholarship.

Scholar’s Family Upon completion of the program, scholars are also expected to
No additional aid or arrangements are given for a scholar’s return to their home agency to utilize the knowledge and skills
family. Scholars are generally advised not to bring family acquired through their studies under the JISPA.
members or other dependents to Japan owing to the high cost For further information on program requirements under the
and other complications. If, however, a scholar chooses to bring open track, please contact:
a family member to Japan, he or she is required to get prior
approval from the university (subject to its guidelines). In any Japan-IMF Scholarship Program for Asia
event, scholars should be aware that they are responsible for IMF Regional Office for Asia and the Pacific
all additional expenditures as well as all required procedures
21st Floor Fukoku-Seimei Building
associated with bringing a family member. These would include
travel, insurance, and medical costs, as well as considerably 2-2-2 Uchisaiwai-cho
higher housing costs. Chiyoda-ku, Tokyo 100-0011
Japan
T. +(81) 3.3597.6708
F. +(81) 3.3597.6705
jispa@[Link]

1
Candidates are expected to inform and confirm with their university that scholarship disbursement needs to be made through the university.
Guidelines that detail application procedures and financial matters need to be signed between the university and
OAP after a scholarship award is decided.

25
 IV. Activities for JISPA Scholars

The IMF Regional Office for Asia and the Pacific (OAP) and partnership universities organize several activities for JISPA scholars.

Networking Thesis Presentation: OAP organizes a thesis presentation

OAP hosts welcome and farewell receptions each year for JISPA where representatives from among the JISPA scholars present
scholars to help them develop a network with other scholars. their theses as recognition of accomplishment of their studies
Officials from the Bank of Japan and the Japanese Ministry of under the program.
Finance (MOF), together with representatives from the relevant
OAP hosted seminars: JISPA scholars are also invited as
embassies, also attend these events in order for them to get
observers to high-level regional conferences on macroeconomic
acquainted with the scholars.
and financial policy issues organized by OAP.

Seminars Field Trip

JISPA Seminar: OAP organizes a series of occasional seminars on
Each partnership university arranges a field trip exclusively for
current policy issues exclusively for JISPA scholars. The scholars
JISPA scholars once a year. This trip helps promote understanding
are encouraged to actively participate in discussions. Roundtable
of the Japanese economy and traditional culture among
discussions with IMF economists are also arranged so as to
the scholars. Destinations include industrial facilities, local
deepen scholars’ understanding of policy issues as well as the
governments, branch offices of ministries and/or the central
work of the IMF.
bank, as well as cultural and historical heritage sites in Japan..
Summer Workshop: OAP carries out a summer workshop for
current scholars who are finishing the first year of their studies. Alumni Activities
This aims to provide a better understanding of the IMF’s work To provide a career-long education for the JISPA alumni,
and analysis. starting in AY2017-18, OAP has implemented a new initiative
of a training program for JISPA alumni who are currently in
Special Seminars by the Bank of Japan (BOJ) and Ministry of mid-level senior positions. It aims to strengthen the analytical
Finance (MOF): OAP arranges special seminars by economists/ skills of JISPA alumni that will help their policy making decisions
officials of the BOJ and the Japanese MOF so as to provide with sound judgment, and facilitate their policy dialogues at
opportunities for scholars to familiarize themselves with international fora.
the operations of these Japanese government agencies as
well as to build a network between the JISPA scholars and OAP also arranges alumni gatherings in various countries for
Japanese officials. former JISPA scholars. It also maintains an alumni networking
site to promote and facilitate networking opportunities between
alumni. The site is for the exclusive use of alumni, and enables
them to search and interact with other alumni.

26
 What Activities Did You Appreciate Most?
(multiple answers)1

Welcome Reception 100%

JISPA seminar series 97%

(including the town-hall meeting with the MD and DMD)

OAP hosted high-level regional seminars 91%

Meeting with OAP economists

(such as a campus visit) 100%

JISPA Summer Workshop 97%

Roundtable Discussions with BOJ/MOF 90%

Thesis Presentation 97%

Farewell Reception 97%

0% 20% 40% 60% 80% 100%

1
  Responses provided by scholars who participated in each activity

I always appreciate the JISPA. It helped me not only

improve my academic knowledge but also understand
and experience Japanese culture.
27
 V. Application to the JISPA

Application Guidelines for Partnership and Open Track

Application deadline Candidates should also currently work for one of the
Partnership track: December 1, 2021 for the 2022–23 following or related government agencies: Central bank,
academic year. (Application opens in September/October 2021) ministry of economy, ministry of finance, ministry of planning/
development, ministry of trade/commerce, tax administration,
Open track: June 1, 2022 for admission in September/October national statistics bureau, or financial regulatory agencies. The
2022 and April 2023 (Application opens in April 2022) program will also consider officials working in other areas of
government that have a significant impact on the formulation
December 1, 2022 for admission in April 2023. This or implementation of macroeconomic policy.
additional application will be opened if positions of open-track
scholarships are available because of the above-mentioned Candidates must have a bachelor’s degree or an equivalent with
selection.) at least 16 years of formal education. Names of schools and
attending dates beginning from primary school must be listed
Eligibility requirements in the application. In some cases, 15 years of formal education
Under current program guidelines, candidates must be may be accepted if there is an official explanation (a country’s
a national of one of the following countries: Bangladesh, educational system or other exceptional circumstances).
Bhutan, Cambodia, India, Indonesia, Kazakhstan, Kyrgyz
Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Myanmar,
Nepal, Pacific Island Countries, Papua New Guinea, Philippines,
Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan,
Uzbekistan, and Vietnam.

28
Applicants must have an English language proficiency, which For the open track only, eligible candidates should also
needs to be demonstrated as equivalent to or more than an submit the following:
official TOEFL score of 550 or iBT79-80. If TOEFL scores are
not available, then an overall IELTS score of at least 6.0 can 5. Admission letter or enrollment certificate of the University
be substituted. of Choice, or a copy of the application to the university1.

Applicants must be committed to contributing to the 6. Thesis or equivalent paper from their master’s degree.
development of their home country, and if selected, are expected For both the partnership and open track, all submitted
to return to their sponsoring agency upon completion of their application material must be presented in English or be
studies under the JISPA. accompanied by an official English translation. The material
Priority is given to applicants (1) whose age is below 40; and (2) will be considered under the control of the IMF and provided to
who have not yet obtained a master’s degree from a university the relevant school(s) and the Government of Japan as it sees
outside of their own country; and (3) who have the minimum appropriate. None of the material will be returned to applicants.
of two-three years’ work experience in the public sector. Application material should be sent by mail to the IMF
Regional Office for Asia and the Pacific (see address below).
Application procedures
For both the partnership and open track, eligible candidates For further information on the application procedure, including
should submit the following: the application form, please visit the scholarship website at
[Link]/en/Countries/ResRep/OAP-Home/JISPA-Home
1. Completed application form. The applicant is requested to apply
through the online application which is available on the IMF
CONTACT
Regional Office for Asia and the Pacific website at [Link]/en/
Japan-IMF Scholarship Program for Asia
Countries/ResRep/OAP-Home/JISPA-Home
IMF Regional Office for Asia and the Pacific
2. Official transcripts and official copies of diplomas or degree 21st Floor Fukoku-Seimei Building
certificates from all undergraduate and graduate schools. An official 2-2-2 Uchisaiwai-cho
copy means a certified copy of the original document with an
Chiyoda-ku, Tokyo 100-0011
official seal obtained from the administration office of the university
attended. Copies attested by organizations/persons not having Japan
notarized/legal bearing will not be accepted. T. +(81) 3.3597.6708
F. +(81) 3.3597.6705
3. Two reference letters: References should be from the applicants’
jispa@[Link]
supervisor at work and/or an academic advisor or professor.
[Link]/en/Countries/ResRep/OAP-Home/JISPA-Home
4. Recognized English Test Report (such as TOEFL/IELTS certificate, if
available): The recognized English test report, such as TOEFL/IELTS
test score, must be from an examination taken after December 1,
2019. If a score is unavailable, the applicant will be requested to sit
for a TOEFL/IELTS examination prior to receiving a final decision on
the scholarship award. The JISPA institution code as listed below
should be registered when applicants take the test.
TOEFL: “C626 – Japan-IMF Scholarship Program for Asia”
IELTS: “JISPA: Japan-IMF Scholarship Program for Asia”

1
Applicants must notify the IMF of the admission result of the university(ies) to which they are applying prior to receiving a final decision on the
scholarship award.

29
 VI. Contact Addresses

IMF Field Offices/Contacts are also available to provide information:

Bangladesh Indonesia Lao PDR

IMF Resident Representative IMF Senior Resident Representative IMF Resident Representative
Mr. Jayendu De Mr. James Walsh Mr. Francois Painchaud
2nd floor, Plot # E 32 Sher-e-Bangla Nagar c/o Bank Indonesia UNDP Building
Agargaon C Building 5th Floor, West Lobby Lanxang Avenue, P.O Box: 345
Dhaka 1207, Bangladesh Jl. M.H. Thamrin No. 2 Vientiane, Lao PDR
T. +(880) 9638.101000 Jakarta Pusat 10350, Indonesia T. +(856) 21.267.787
F. +(880) 9638.101040 T. +(62) 21.231.1884 F. +(856) 21 264.939/267.799
F. +(62) 21.231.1939

Cambodia Mongolia
IMF Resident Representative Kazakhstan IMF Resident Representative
Mr. Yasuhisa Ojima Office Manager Mr. SeokHyun Yoon
Exchange Square Building Ms. Olga Bissekeyeva MCS Plaza, 4th floor
13th floor, Unit 1301 67 Aiteke bi Street Seoul Street – 4
Building No. 19 & 20 Street 106, 4th Floor, Room 418 Ulaanbaatar 210644, Mongolia
Sangkat Wat Phnom, Khan Daun Penh A05B0Y8 Almaty, Kazakhstan T. +(976) 11.313.518
Phnom Penh, Kingdom of Cambodia T. +(7) 771.471.7272 (mobile) F. +(976) 11.312.181
T. +(855) 23.268.602/268.603 T. +(7) [Link]
F. +(855) 23.268.601 F. +(7) [Link]
Myanmar
IMF Resident Representative
India Kyrgyz Republic Mr. Neil Saker
IMF Senior Resident Representative IMF Resident Representative Inya Lake Hotel
Mr. Luis E. Breuer Mr. Tigran Poghosyan 37, Kabaaye Pagoda Road
Room 102, First Floor Business Center “Orion”, 5th Floor Mayangone Township
Lodhi Hotel Lodhi Road 21 Erkindik Blvd. Yangon, Myanmar
New Delhi 110 003, India Bishkek 720040, Kyrgyz Republic T. +(95) [Link] Ext. 237/240
T. +(91) 11.6121.2345 T. +(996) 312.303705/04 F. +(95) [Link] Ext. 237/240
F. +(996) 312.303708

30
Nepal Sri Lanka Turkmenistan
IMF Senior Resident Representative IMF Resident Representative Economic Analyst
Mr. Luis E. Breuer for Sri Lanka and Maldives Ms. Jennet Garlyyeva
c/o Nepal Rastra Bank Mr. Tubagus Feridhanusetyawan IMF Office in Ashgabat
Central Office Office of International Monetary Fund International Monetary Fund
Baluwatar, Kathmandu, Nepal Central Bank of Sri Lanka Room #105
T. +(977) 1.441.1977 Tower 1, 14th Floor UN Building 
No. 30, Janadhipathi Mawatha 21 Archabil Avenue
Colombo 01, Sri Lanka Ashgabat, 744036, Turkmenistan
Pacific Island Countries T. +(94) 11.2477155 T. +(993) 12.488326
IMF Regional Resident Representative F. +(94) 11.2477684
Ms. Leni Hunter
Tower 7, Reserve Bank Building Uzbekistan
Suva, Fiji Tajikistan IMF Resident Representative
T. +(679) 330.4969 IMF Resident Representative Mr. Kevin Ross
F. +(679) 330.4045 Mr. Kevin Ross Central Bank of Uzbekistan
National Bank of the Republic of Tajikistan 7 Islam Karimov Avenue
107A Rudaki Avenue 100001 Tashkent, Uzbekistan
Philippines Dushanbe 7334025, Tajikistan T. +(998) 71.233.4243
IMF Resident Representative T. +(992) 44.600.3234 F. +(998) 71.120.6874
Mr. Ragnar Gudmundsson F. +(992) 37.251.0121
Rm. 407. 5-Storey Building
Bangko Sentral ng Pilipinas Vietnam
A. Mabini Street Thailand IMF Resident Representative
Manila, Philippines Office Manager Mr. Francois Painchaud
T. +(63) 2.708.7484 Ms. Pichaporn Gulati Suite 601
F. +(63) 2.708.7483 IMF Capacity Development Office 63 Ly Thai To Street
in Thailand (CDOT) Hanoi, Vietnam
Bank of Thailand, Building No. 4 T. +(84) 24.3.824.3350
273 Samsen Road, Phranankorn F. +(84) 24.3.825.1885
Bangkok 10200, Thailand
T. +(66) 2.283.6527/6249
F. +(66) 2.282.4751

31
PLEASE VISIT THE JISPA WEBSITE FOR DETAILED INFORMATION

[Link]/en/Countries/ResRep/OAP-Home/JISPA-Home
Japan-IMF Scholarship Program for Asia
IMF Regional Office for Asia and the Pacific
21F, Fukoku Seimei Bldg., 2-2-2 Uchisaiwai-cho
Chiyoda-ku, Tokyo 100-0011, Japan