JISPA e-brochure 2019-20

IMF-JAPAN

PARTNERSHIP

FOR ASIA'S FUTURE

IMF-JAPAN

PARTNERSHIP

FOR ASIA'S FUTURE

JAPAN-IMF

SCHOLARSHIP

PROGRAM FOR ASIA

2019–20

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

Since its inception in 1993, the program has

targeted promising young ofcials from key economic

policymaking agencies as part of the International

Monetary Fund’s capacity building efforts. With the

long-lasting support of the Government of Japan, IMF

Regional Ofce for Asia and the Pacic (OAP) in Tokyo

has hosted around 750 ofcials from over 20 emerging

and developing economies in Asia and the Pacic region,

including some countries in Central Asia, for graduate-

level scholarships to study in Japan.

Many JISPA alumni have reached key positions in

macroeconomic agencies in the region, including

central banks and ministries of nance. Against this

background, the JISPA has developed a solid reputation

and established itself as a prestigious program among

Asian ofcials. Their achievements and contribution to

their countries continue to inspire young ofcials to

apply forthe JISPA.

OAP teams up with partnership universities and

continue to strive at enhancing the program. The

JISPA offers curricula which strike the right balance

between theory and practice, to meet the ever-changing

needs of the macroeconomic management in an

increasingly interconnected world. The curriculum

offered by each partnership university provides a

greater focus on nancial sector issues, in addition

tocore macroeconomics subjects. Each university has

identied a set of skills to help potential applicants

easily identify the program best suited for their career

and 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,

roundtable discussions with ofcials from the Bank of

Japan and the Ministry of Finance in Japan, in addition

to welcome and farewell receptions. As a new initiative,

a workshop for scholars who will continue onto their

second-year studies will be introduced with the aim of

providing practical training to complement the scholars’

course work at their universities.

With the newly established continued education

program for the JISPA alumni starting from 2018,

JISPAalumni are well connected even after they

graduate. This offers courses on more recent and

practical subjects facing 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 Ofce for Asia and the Pacic

International Monetary Fund

The year 2018 celebrates the 25th anniversary of the JISPA.

Contents

I. INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

II. THE PARTNERSHIP TRACK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

The Japan-IMF Scholarship Program (JISPA) Partnership Universities

National Graduate Institute for Policy Studies. . . . . . . . . . . . . . . . . . . . . . . . 3-4

Hitotsubashi University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-6

International University of Japan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7–8

University of Tokyo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9–10

Course Listing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11–14

Skills to be Attained . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15–16

Orientation Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Important Dates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19

Sample Math Test . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21–22

III. THE OPEN TRACK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

IV. ACTIVITIES FOR JISPA SCHOLARS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25-26

V. APPLICATION TO THE JISPA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Application Guidelines For Partnership and Open Track . . . . . . . . . . . . . . . . . . . 27-28

VI. CONTACT ADDRESSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29-30

Comments made by the JISPA scholars through the survey taken at their graduation in AY2016-17 are inserted.

iii

I. Introduction

The Japan-IMF Scholarship Program for Asia (JISPA) was rst

introduced in 1993. It is funded by the Government of Japan,

administered by the International Monetary Fund (IMF),

and conducted at various graduate schools in Japan. Its key

objective is to contribute to institutional capacity building in

economic policymaking to promote the sustainable growth of

emerging and developing economies in Asia and the Pacic.

By training future macroeconomic managers in these countries,

the JISPA aims to enable them to better formulate sound

economic and nancial stability policies needed for sustainable

growth and development.

The JISPA targets highly motivated government ofcials who

may serve as future macroeconomic policy makers with the

capacity and vision to contribute effectively to the economic

development of their countries. Scholarship awards are

made on the basis of the candidate’s academic record and

work background, mathematical and statistics skills, English

language prociency, and potential for contributing to the

macroeconomic and nancial management and economic

development of their country. The assessment also includes

qualities such as the candidate’s 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 and gender

balance among scholarship awardees are considered in

makingthenal selection.

Currently, the JISPA is open to qualied candidates from

the following countries:

Bangladesh, Bhutan, Cambodia, China, India, Indonesia,

Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives,

Mongolia, Myanmar, Nepal, Pacic Island Countries, Papua

New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-

Leste, Turkmenistan, Uzbekistan, and Vietnam.

The scholarship covers tuition-related costs and most living

expenses for the scholar herself/himself. Ofcials who receive

the JISPA scholarship cannot accept other scholarships. Scholars

are expected to devote full time to their studies while in Japan.

The program comprises of two tracks: the partnership track,

discussed in Part II of this brochure, and the open track, discussed

in Part III. Because of the strong competition for scholarships, the

JISPA is highly selective. In 2019-20, a total of 33 new scholarships

are available to candidates for the partnership track. There is no xed

limit on new scholarships for the open track, but generally only a

small number of scholarships are awarded.

JISPA Scholars by Affiliation, 1993-2017

Central Bank

Ministry of Finance/Tax Authority

Economic Affairs Ministry and Agency

Statistics Bureau

Trade/Commerce Ministry

Cabinet Ofﬁce

Others

367 (55%)

136 (20%)

88 (13%)

24 (4%)

21 (3%)

24 (4%)

7 (1%)

JISPA Alumni Currently in Senior Positions

at Public Offices and Central Banks

(as of 2017)

ambodia

China

Fiji

Philippines

Indonesia

azakhstan

Kyrgyz Republic

Lao PDR

Mongoli

Sri Lanka

Myanmar

Uzbekistan

Vietnam

JISPA alumni and alumna who hold a position higher than Deputy Director or its equivalent.

I. INTRODUCTION

The partnership track of the JISPA allows scholars to study

in specially designed graduate level courses concentrating

on macroeconomics at an IMF partnership university.

Thepartnership universities are:

∙ National Graduate Institute for Policy Studies (GRIPS):

one-year and two-year programs

∙ Hitotsubashi University: two-year program

∙ International University of Japan (IUJ):

two-year program

∙ University of Tokyo (UTokyo): two-year program

All subjects, including the thesis component, are taught

entirely in English.

The universities offer programs for JISPA scholars designed

to equip scholars to engage in macroeconomic policy dialogue

at the international level. All of the programs have a strong

macroeconomic oriented focus, with core courses offered in

macroeconomic and nancial 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.

The partnership universities have been selected for their strong

program content and excellent teaching faculties, but have

different strengths and characteristics. Applicants are therefore

urged to study the contents of the programs, together

with the “Skills to be Attained,” offered by each university

carefully before applying, as the application must indicate

which university they wish to enroll in.

The application deadline for the partnership track is

December 1, 2018. After an initial screening of applications,

selected candidates will be contacted by the IMF to arrange

an interview, which is typically done in their countries with

representatives from the partnership universities. A math and/or

English examination may also be administered at this time.

The nal selection will be made on the basis of the interview,

math and English competencies, the application form, and any

other supplementary information.

The JISPA provides distinct opportunity of studying at

some prominent graduate schools in Japan. In addition

to academic study, the cross-cultural interactions, IMF-

sponsored events and networking with the future

macroeconomic leaders of Asia have helped me to

improve my individual capacity and thus paved the way

of enhancing my organization’s capacity. So, I would

like to express my heartfelt gratitude to the Japanese

government, Japanese people and the IMF.

II. The Partnership Track

II. THE PARTNERSHIP TRACK

National Graduate Institute for Policy Studies (GRIPS)

GRIPS is a graduate school specializing in education and research

in the area of policy studies. Established by the Japanese

government in 1997, GRIPS aims to provide interdisciplinary

education for future leaders in the public sector and to conduct

cutting-edge research on contemporary policy issues. GRIPS is

located in Roppongi, one of the trendiest cultural and international

districts in the heart of Tokyo, and has a cosmopolitan atmosphere

with around 20% of the faculty and 70% of students coming

from outside of Japan.

The predecessor of GRIPS was the Graduate School of Policy Sciences

established in 1977 at Saitama University, the rst graduate school

for policy studies in Japan.

Based on research outputs and impacts, the economics group at

GRIPS was ranked Second in Japan and Eleventh among public

policy schools in the world (RePEc, May 2018).

Macroeconomic Policy Programs

For JISPA scholars, GRIPS offers One year Macroeconomic Policy

Program and Two year Macroeconomic Policy Program (MEP).

One year MEP requires 34 credits for graduation and grants a

Master of Public Policy or a Master of Public Economics; Two

year MEP requires 44 credits and grants a Master of Arts in Public

Economics. Qualied candidates with strong competency who

are higly motivated to complete an intensive one year program

are encouraged to apply for One year MEP. Qualied candidates

who have exible working schedules, willing to devote more time

to thesis writing, and have a desire to develop more advanced

analytical skills are welcomed to Two year MEP.

The MEP is a professionally oriented program designed to train

modern macroeconomic policy makers and professionals who

need to understand macroeconomic uctuation and the roles of

monetary and scal policies in domestic and global economies.

It values education in principles and theories of macroeconomics,

combining rigorous training in analytical and quantitative

methods with emphasis on macroeconomic policy analysis,

design, and implementation.

The MEP developed from the successful tradition of Transition

Economy Program, a partner of JISPA since the inception of the

scholarship program.

The Faculty

The MEP is supported by full time faculty and visiting

lecturers. About 20 full time faculty members, many of which

are international scholars, form the core faculty of the program.

The faculty at GRIPS include both members with solid academic

trainings and outstanding publication records as well as practitioners

with extensive experiences in civil services and public policy

management. All of them are committed to educating new

generations of policy makers and have rich experiences in

teaching and thesis supervisions.

The Curriculum

The curricula consist of four components: required courses,

a policy paper (One year Program)/thesis (Two year Program),

recommended courses, and elective courses. The required

courses, which include Macroeconomics, Microeconomics, and

Econometrics, provide solid training in principles and theories of

economics and develop practical analytical skills for designing and

evaluating macroeconomic policies. The variety of recommended

and elective courses gives students the chance to further advance

their analytical and quantitative skills as well as to develop their

specialization in specic areas of interests, such as monetary

policy, scal policy, international trade, and nancial markets.

The Japan-IMF Scholarship Program (JISPA)

Partnership Universities: Program Descriptions

II. THE PARTNERSHIP TRACK

Required Courses

All MEP students must take the following eight courses:

Macroeconomics I &II, Microeconomics I & II, International

Finance, Introduction to Applied Econometrics, The World and

SDGs, and Introduction to Public Policy Studies.

Policy Paper/Thesis

One year MEP students are required to write a policy paper; Two

year MEP students are required to write a master’s thesis. Both

policy paper and thesis writings will be supervised by core faculty

members through thesis seminars.

Recommended Courses

Recommended courses include quantitative analysis courses

such as Applied Time Series Analysis for Macroeconomics,

Applied Econometrics, Mathematics for Economic Analysis,

Statistics, Quantitative Social Systems Analysis, and Cost Benet

Analysis I &II.

Students may also choose from courses covering a wide range

of disciplines such as Accounting and Financial Management,

Empirical Finance, Financial Economics, Monetary Economics,

International Trade, Public Expenditure Management,

Development Economics, Game Theory, and Japanese Economy.

Advanced Courses in Economics

Students with exceptional qualications and capacities have

opportunities to take advanced economics courses offered to Ph.D.

candidates of the Policy Analysis Program.

GRIPS Forums and Seminars in Frontiers

ofEconomics Research

The bi-weekly 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.

Please see page 11 for a complete course listing

and page 15 for “Skills to be Obtained by Scholars”.

Qualications

Candidates must hold a Bachelor’s degree from a recognized/

accredited university and must satisfy the English language

requirements with a minimum TOEFL score of 550 (iBT 79) or IELTS

6.0. A strong undergraduate background and work experience in

public policy related elds are also required.

Facilities

GRIPS offers all necessary facilities for students. The GRIPS library

maintains an excellent collection of books, journals, databases,

and reference materials. Wireless internet access is available on

campus. On-campus facilities also include a computer room,

tness center, auditorium, conference rooms, individual study

booths, and a health clinic staffed with an English speaking nurse

and doctor.

Accommodation is provided in GRIPS International House in

Nakano, the Tokyo International Exchange Center in Odaiba, Misato

Housing Complex in Saitama Prefecture, or in private apartments

recommended by the GRIPS Student Ofce.

Further information on the program can be found on the GRIPS

website at http://www.grips.ac.jp/en.

“The Macroeconomic Policy Program (MEP) at GRIPS

provides macroeconomic policy makers the ability to

guide the economy to stable and sustained growth.

Many of our graduates are currently playing leadership

roles in the public sector such as government ministries

and central banks. Join the MEP and get a boost in

your career—it’s your turn to change your country for

the better!”

Junichi Fujimoto

Program Director and Associate Professor,

Macroeconomic Policy Program, GRIPS

II. THE PARTNERSHIP TRACK

Founded in 1875, Hitotsubashi University is a leading university in

economics and business in Japan. Today, it has four departments,

seven graduate schools, and two research institutes, covering the

elds of business, economics, law, and social sciences. It has an

enrollment of approximately 6,000 undergraduate and graduate

students, and a faculty and staff of over 550.

Master of Public Policy (Public Economics)

Asian Public Policy Program,

School of International and Public Policy

For JISPA scholars, Hitotsubashi University offers the two-year

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

in Asian governments, central banks and other policy-related

organizations. The APPP has been and continues to be an

important stepping-stone for such individuals to become fully-

edged scal or nancial economists, economic planners, policy

analysts, and policymakers in their governments as well as in

internationalorganizations.

The course distinguishes itself from other graduate programs

offered in the public policy area by its strong focus on economic

policy, with almost all of the required and elective courses

structured around economics and its applications to policy.

The program aims to equip its graduates with the knowledge

and skills to analyze and develop policies against a sound

knowledge of economic theory.

The Program is also especially attractive for the personalized

attention it provides to the students. The class sizes are quite

small – at most around 15, and each full-time faculty supervises

around 4 student per annual intake, and is able to give close

guidance to the student’s academic undertakings. The small size

of the Program also allows students to build strong ties with their

fellow students, which can last a lifetime, and will be a valuable

asset in their career.

The Faculty

The Asian Public Policy Program’s core faculty comprises full-

time teaching staff who combine Ph.D. degrees from top US and

UK universities with professional working experience at policy

institutions including the IMF, World Bank, Bank of Japan, and

Japan’s Ministry of Finance and the Financial Services Agency. In

addition to the core faculty, lectures are given by academics with

outstanding reputations from the Graduate School of Economics

of Hitotsubashi University as well as by leading professionals with

practical experience from public and private sector institutions.

Current Visiting Professors include those from Harvard University’s

Kennedy School of Government and National University

of Singapore.

The Curriculum

The curriculum focuses on economic policy design and analysis,

and is conducted entirely in English. The curriculum consists of

core theory courses, scal and regulatory policy, monetary and

nancial policy, workshops on current topics, special intensive

courses, and weekly seminars.

A strong emphasis is placed on seminar work and the master’s

thesis. Seminar work is a long-standing tradition of Hitotsubashi

University, where a small group of students work together under

the guidance of the academic advisor to discuss economic and

policy issues as well as develop and discuss their prospective

thesis. The thesis is a required element of the course and provides

an opportunity for students to apply their knowledge and skills

acquired from the APPP courses to analyze real-world policy

issues. A total of 44 credits and the submission of a thesis are

required for the degree.

For those students who wish to pursue doctoral courses in the

future, or who have specialized interest in non-economic area

of public policy, they may, with the advice and consent of their

supervisors, take advanced courses offered by the Graduate

School of Economics or by the Global Governance Program

ofthe School of International and Public Policy.

Hitotsubashi University

II. THE PARTNERSHIP TRACK

Course Descriptions

Core Courses taken in the rst year provide basic theoretical and

analytical skills. The Elective Courses and Intensive Courses are

provided throughout the two years and focus on specic policy

areas. Students are also required to take an English Thesis Writing

course. The Master’s thesis is the focus of student’s study during

much of the second year.

Required Courses: Theoretical Foundations

Core theory courses provide a solid foundation in microeconomic

and macroeconomic theory and public sector economics

as a framework for policy analysis. Courses on quantitative

techniques of economic analysis and nancial programming for

macroeconomic policy formulation are also required, with the

latter offered as a two-week intensive course.

Elective Courses: Policy Areas

These courses cover major issues in specic policy areas, covering

analytical and practical aspects of policies, with a special emphasis on

experience in Japan and Asia. For students with a tax administration

background, a special course is offered in association with the National

Tax Agency of Japan, which provides practical knowledge and

experience on taxation issues.

Courses on Current Issues:

They are designed to provide students with a good understanding

of the current situation, prospects, and research of the current

topics, with lectures provided by external scholars, policymakers,

staff of international organizations, and other practitioners in

public policy, from both Japan and abroad.

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

An overnight trip is organized at the beginning of each academic

year as a team building exercise. Field trips outside of Tokyo are

also organized. Furthermore, students are given an opportunity

to experience Japanese culture, including calligraphy, wearing

kimonos, visits to cultural/historical places.

Please see page 12 for a complete course listing

and page 15 for “Skills to be Obtained by Scholars.”

Qualications

A minimum of two years’ full-time public sector working

experience in economic policy areas and a BA or BS degree

from an ofcially accredited university are required. A rst

degree in Economics would be an advantage, but the program

welcomes those with other background with a strong desire

and commitment to study economics. Candidates should have

high English prociency, i.e., TOEFL score of 550 (CBT 213)/IELTS

6.0 or higher.

Facilities

The Asian Public Policy Program is located in central Tokyo.

Adjacent to the Imperial Palace grounds, the campus is part of a

new 23-story building, complete with high-tech communication,

library, conference and other facilities.

Hitotsubashi University offers single-occupancy rooms at the

University dormitory for all JISPA scholars. Provision of family

room is subject to availability. However, please note that current

Program regulations do not allow students to bring their family

with them to Japan during the rst year, due to the intensive

nature of the study.

Further information on the program can be found on the

Hitotsubashi University website at

http://www.ipp.hit-u.ac.jp/appp/index.html

“Asian Public Policy Program offers an opportunity

to learn from professors who combine knowledge of

economics with rich experience of implementing or

advising on economic policy. Students can study how

to analyze policy issues relevant in the real world on a

rm theoretical basis. Striking the right balance between

theory and practice is what we strive to achieve in our

Program, which we believe will greatly contribute to

your career.”

Masako Ii

Program Director and Professor, Asian Public Policy

Program, School of International and Public Policy,

Hitotsubashi University

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 lled out and submitted to the university with the required

documents. Hitotsubashiwill contact their nalists for details following the determination

of JISPA application results.

II. THE PARTNERSHIP TRACK

International University of Japan (IUJ)

IUJ was founded in 1982 with extensive support from Japanese

industrial, nancial, and educational communities, and from the

local community of Minami-Uonuma City in Niigata prefecture.

IUJ consists of two graduate schools: the Graduate School

of International Relations (GSIR) and the Graduate School of

International Management (GSIM). GSIR currently offers four

Master’s degrees: Master of Arts in Economics, Master of Arts in

International Development, Master of Arts in Public Management

and Master of Arts in International Relations. The student body

of IUJ comprises about 360 students representing about 60

countries across the globe.

In response to strong needs for higher level professionals in an

increasingly globalized society, GSIR launched a PhD Program

in September 2015. Targeting future leaders in international

organizations, public organizations and/or governments, the PhD

Program aims at fostering high level professionals playing an

important role in international arena with theoretical, analytical,

and practical abilities as well as fostering researchers to operate

effectively in international society.

Macroeconomic Policy Program

For JISPA scholars, IUJ offers the two-year Macroeconomic Policy

Program (MPP). The program provides rigorous training in the

principles of economics and their applications in policy analyses.

The program’s objective is to equip scholars with a comprehensive

understanding of contemporary macroeconomic issues and to help

scholars contribute to sustainable economic growth and development

in Asia and the Pacic. The curriculum of the program is designed

especially for the government ofcials from ministries of nance,

central banks, and other public institutions. Emphasis is placed on

macroeconomic policy formulation and public nance, central banking

and monetary policy, and nancial market policy, which contribute

to human capacity building of such organizations.

The Faculty

Faculty of the Macroeconomic Policy Program (MPP) consists

of core full-time and visiting faculty members. All core full-time

faculty members have obtained PhD degrees in economics

or related elds from prestigious universities such as Cornell

University, University of New South Wales, North Carolina State

University, University of Oxford, University of Rochester, and

University of Wisconsin-Madison. Because many faculty members

live around campus, they are readily available to the students.

Faculty members promote the exchanges of ideas and discussions

in an objective, supportive, and effective environment. They are

not only effective teachers but also productive and excellent

scholars. Faculty members have been involved in various policy

related research projects nanced by organizations such as the

Japan Society for the Promotion of Science, Japan International

Cooperation Agency, Economic Research Institute for Northeast

Asia, and United Nations University. Their research results have

been published in internationally refereed academic journals.

The JISPA scholars are given the opportunity to learn from and/or

be involved in these projects.

The Curriculum

The curriculum is designed for the scholars who need the

critical skills and knowledge of basic macroeconomic concepts

(macroeconomic and microeconomic theories, monetary

economics, international trade and nance, nancial economics,

public nance and taxation, econometrics) with a strong emphasis

on macroeconomic policy formulation and public nance, central

banking and monetary policy, and nancial market policy.

The two-year curriculum consists of required courses, elective

courses, and advanced seminars.

First year: The rst-year curriculum introduces core required

courses that provide the scholars with tools, concepts, and theories

in economics and related elds (please refer to our course listing).

It also trains scholars on how to use various software packages for

empirical and quantitative analyses such as STATA, E-Views, Gauss,

Matlab, and Fortran. Empirical methods including structural

model and quasi-experimental approaches are covered. Advanced

macroeconomic models such as CGE and DSGE are also taught.

These courses expose the scholars to cutting-edge knowledge

in macroeconomics, thus helping them to analyze public policy

II. THE PARTNERSHIP TRACK

issues within inclusive and coherent theoretical and empirical

frameworks. The scholars start preparations for a master’s thesis

on a unique, macroeconomic related issue toward the end of the

rst-year. Before the spring term of the rst year, all scholars need

to decide their research topic and choose an academic supervisor.

They, with their supervisor’s guidance, plan which elective courses

to enroll in that will help them explore their research topic.

Second year: The second-year curriculum consists of elective

courses and a master’s thesis writing. Practical and policy-

oriented courses expand the theoretical and empirical capabilities

developed in the rst year. Simultaneously, the scholars

concentrate on their master’s thesis while participating in

advanced seminar sessions under supervision of faculty members.

Through the process, the scholars have an opportunity to analyze

their research topic in depth by integrating theories, methods,

concepts and their practical applications that they have acquired

in the entire two-year program.

Seminars and other activities

A series of workshops and seminars conducted by renowned lecturers

and practitioners enable the scholars to obtain practical knowledge.

Field trips to various Japanese nancial institutions and cultural places

also enrich their IUJ experiences.

Language programs

GSIR offers a sequence of English and Japanese language courses

throughout two years of study. The English Language Program

provides effective English language courses to the JISPA scholars

who need to improve their English language prociency. In

addition, the Japanese Language Program offers courses from

introductory to advanced levels.

Please see page 13 for a complete course listing

and page 16 for “Skills to be Obtained by Scholars.”

Qualications

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 prociency are required.

Facilities

There are three computer labs on campus. In the dormitories,

students can also access a highly efcient campus-wide Local Area

Network (LAN), which is linked to the internet 24 hours a day. IUJ’s

Matsushita Library and Information Center has a large collection of

books (hard copy and e-books), journals, and databases in the area

of business, economics, nance, and politics. It serves as a gateway

for students to access a wide range of important information

from throughout the world. IUJ has four on-campus student

dormitories, of which three are for single students and a small

one for married students. An English-speaking dorm staff’s ofce

is open from 9:00a.m to 5:00p.m. throughout the year, including

weekends and national holidays. For meals and daily supplies, IUJ

has a 24-hour simple café, a cafeteria with Halal offerings, and a

school shop. Some students prefer cooking their own meals in

the common kitchens in the dorms. Along with sporting facilities

include tennis courts and a gymnasium, students also have easy

access to ski slopes in the winter and hiking trails in summer.

There are numerous club activities and extra-curricular activities on

and outside of campus throughout the year. Counseling services

in English are available on campus. A well-experienced counselor

with an international background is stationed to support your

campus life with private and condential consultation on a wide-

range of issues including stress managements, anxiety, personal

issues, interpersonal issues, etc.

Further information on the program can be found on the IUJ

website at http://www.iuj.ac.jp/gsir.

The latest brochure of the GSIR is also available upon

request through the internet at

http://www.iuj.ac.jp/admis/request.

“The educational goal of the Macroeconomic Policy Program

(MPP) at IUJ is to train students as rigorous macroeconomic-

policy makers and/or analysts. To achieve this goal, the MPP

systematically provides a sequence of economics-related

courses, ranging from the introductory to advanced ones,

and covering both qualitative and quantitative ones. The MPP

courses are challenging, but the outcome of two-years hard

working will be highly rewarding. The MPP faculty welcomes

your application.”

Prof. Yusuke Jinnai

Associate Professor and Program Director,

Macroeconomic Policy Program, Graduate School of

International Relations, International University of Japan

II. THE PARTNERSHIP TRACK

Study at the University of Tokyo:

Tradition of Excellence.

As a leading research university with over 4,000 faculty and nearly

30,000 students, UTokyo offers courses in essentially all academic

disciplines at both undergraduate and graduate levels. In addition

to providing students with a learning environment that is ideal for

both intellectual development and professional skills attainment,

UTokyo is known worldwide for the cutting edge research

undertaken within the institutions.

Graduate School of Public Policy (GraSPP)

GraSPP was established in 2004 with a mission to bridge

the gap between academic learning and public policy practices.

Academic staff and private / public sector policy practitioners work

closely together to connect social science theories to real world

problems. In the modern globalized world, effective policy-making

requires an international perspective. This, coupled with strong

foundational academic training, is what we seek to provide for our

student body in preparation for careers spanning government,

business, and the public sector. Despite a short history, GraSPP is

now recognized as a leading public policy school in Japan. About

a third of the GraSPP graduates have been placed in various

government organizations.

Master of Public Policy, International Program

(MPP/IP)

UTokyo offers the 2-year Master of Public Policy, International

Program (MPP/IP), which was launched in October 2010. An

extensive and diverse menu of courses in English are offered to

learn cutting edge approaches to the public policy arena from

internationally renowned faculty members at UTokyo.

Extra-

curricular activities organized by the School and student groups

allow for increased social and scholarly exchange between

Japanese-stream and English-stream MPP students. Furthermore,

MPP/IP students are also able to take courses in other graduate

schools (provided language prociency requirements are met).

MPP/IP applicants are expected to demonstrate basic competence

for learning law, politics and economics.

MPP/IP consists of two policy streams, namely, Economic Policy,

Finance and Development (EPFD) and Public Managementand

International Relations (PMIR), and JISPA scholars will be

enrolled on EPFD.

The Faculty

Three UTokyo Graduate Schools (Public Policy, Economics, and

Law and Politics) contribute the core teaching staff of the MPP/

IP; although other Schools and Research Institutes also provide

courses being integrated with the program. The School boasts

expertise in macroeconomic and monetary or nancial economics,

thanks to faculty members with a breadth of applied experience

from organizations such as the IMF, the Ministry of Finance, the

Bank of Japan, and the Council for Economic and Fiscal Policy.

Located in the city center, UTokyo is able to exploit its proximity

to the government ofces and corporate headquarters to attract

many prominent professionals and practitioners as part-time

teaching staff in the program.

The Curriculum

The GraSPP curriculum encompasses a wide range of public policy

sub-elds including microeconomics, macroeconomics, policy

process studies, governance and development. JISPA scholars are

required to complete 46 units in two years (please see a course

listing for details).

Economic Policy, Finance and Development (EPFD)

All those involved in public policy now face greater opportunities

and responsibilities to address various challenges stemming from

globalizing economic activities with evolving social and political

systems. Naturally, there is a growing demand for public policy

practitioners equipped with professional knowledge and practical

skills. Against this background, those who aspire to be globally

competitive public policy practitioners are increasingly required

to broaden their intellectual horizons, acquire specialized

The University of Tokyo (UTokyo)

All courses offered in the MPP/IP are also open to English-procient students in the Japanese

MPP programs.

II. THE PARTNERSHIP TRACK

knowledge, sharpen analytical skills and strengthen practical

capacities. EPFD is designed to meet this demand by offering

courses suited for those who want to advance their careers in

government, business, international organizations or NPOs in

the eld of economic policy, nance and development.

First Year: In the rst year, students are expected to take most

of the required core courses as well as one or two case studies.

Second Year: In the second year, on top of taking other elective

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.

Other Recommended and Elective Courses

Elective courses cover a range of topics, including Development

Economics: Macroeconomic Approach, Asian Financial Markets,

Theory and Empirics of Unconventional Monetary Policy,

Development Finance, and Asian Economic Development and

Integration. GraSPP also hosts a Public Policy Seminar Series,

inviting world leaders in government, academic and business

fields to deliver lectures on current public policy issues.

Please see page 14 for a complete course listing

and page 16 for “Skills to be Obtained by Scholars”.

Qualications

Candidates must hold a Bachelor’s degree or its equivalent from

a recognized/accredited university and are expected to possess

high English language prociency to be able to pursue studies.

Aminimum TOEFL score of PBT 570 (CBT 230, iBT89) or IELTS

6.0-6.5 is expected. A strong undergraduate background and/

or evidence of experience with public policy issues in economic

management are also required.

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.

The University of Tokyo Library System is composed of about 40

libraries, including the General Library, the Komaba and Kashiwa

Libraries, and faculty / institutional libraries. The General Library

is the system’s main coordinating body. Each faculty / institution

library has a large number of materials in their specialized elds.

GraSPP’s International Student Advisers provide student support

services to help them complete their enrolment and arrange

for visas. Advisors also help coordinate applications for student

dormitories or nd accommodations through private real

estate rms.

Japanese Language Courses

The University of Tokyo’s International Center offers a variety of Japanese

language courses for international students. For further information,

please visit the website:

http://www.nkc.u-tokyo.ac.jp/index_e.html

Further information on GraSPP is available on the following website:

http://www.pp.u-tokyo.ac.jp/en/index.htm

Further information on MPP/IP is available on the

following website:

http://www.pp.u-tokyo.ac.jp/en/mppip/http://www.pp.u-

tokyo.ac.jp/en/mppip/?page_id=9

“In the new school building completed last year, GraSPP

students and faculty are enjoying the splendid educational

environment that serves and matches an increasingly

diverse student body. The school continues to upgrade

interdisciplinary training with a balanced mix of law, politics,

and economics, including classes offered by faculty members

with practical experience, as well as hands-on training that

draws on real-world case studies.

I hope that our students can make the most of these learning

environments and transform themselves into public policy

professionals.”

Akio Takahara

Dean, Graduate School of Public Policy,

University of Tokyo

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 lled out and submitted to the MPP/IP Admissions Ofce, following the

instructions from the university after the JISPA nal selection in mid-April 2019.

The application form will be sent from MPP/IP Admissions Ofce via email.

II. THE PARTNERSHIP TRACK

Course Listing

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

Microeconomics I & II

International Finance

Introduction to Applied Econometrics

Introduction to Public Policy Studies

The World and SDGs

Policy Paper Seminar I–III

(One-year Program)

Thesis Seminar I–IV

(Two-year Program)

Recommended Courses

Monetary Economics (Money and Banking)

Government and Market

Applied Time Series Analysis for Macroeconomics

Applied Econometrics

Applied Econometrics Practice

Strategy for Economic Development

Trade and Industrial Development

Game Theory

Mathematics for Economic Analysis

Public Finance

Fiscal Reform in Japan

Economics of Tax Policy

Public Economics

Reform of Economic Policy in Japan

Economics of Education and Labor

Economics of Law

Competition and Regulatory Economics

International Trade

Theory and Practice of Central Banking:

Japanese and Global Experience

Environmental Economics

Resource and Energy Economics

Contemporary Japanese Economy

Japanese Economy

Japanese Financial System

Financial Economics

Empirical Finance

Japan and the Global Economy I, II

Cost Benet Analysis I, II

Economic Modeling for Policy Simulations

Development Economics

Asian Financial Markets

Labor and Health Economics

Computer Programming for Economics

Politics of Global Money and Finance

Accounting and Financial Management I, II

Fiscal and Monetary Policies in Japan

Structural Reform and Privatization

Public Expenditure Management

Modernization of Financial Sector:

Lessons from Recent Financial Crises

International Development Policy

GRIPS Forum

Statistics

Quantitative Social Systems Analysis

East Asian Economies

Introduction to Quantitative Methods (Two year Program)

Elective Courses

Advanced Economic Courses for Qualied Students

Advanced Macroeconomics I–IV

Advanced Econometrics I–III

Advanced Econometrics IV (Two year Program)

Advanced Microeconomics I–IV (Two year Program)

Other courses offered by GRIPS

The JISPA could help improve our personal

ability which will help make right decisions

on the economy in the future.

II. THE PARTNERSHIP TRACK

Hitotsubashi University

Master of Public Policy (Public Economics)

Asian Public Policy Program

Required Courses/Seminar Works

Economics of the Public Sector

Microeconomics for Public Policy

Macroeconomics: Theory and Policy

Fundamentals of Econometric Methods

Seminar I

Seminar II

Compulsory Course

Financial Programming for Macroeconomic Policy Formulation

Workshop on Current Topics

English Thesis Writing I

English Thesis Writing II

Elective Courses

(Fiscal Policy)

Economic Analysis of Tax Systems

Tax Policy I: Policy and Systems

Tax Policy II: International Taxation

Fiscal Decentralization and Local Government Finance

Field Research on Tax Administration

(Public Sector Policy)

Economic Analysis of Public Investments

Economic Analysis of Regulation and Public Enterprise

Economic Analysis of Social Policy

Economic Analysis of Social Security Systems

(Monetary and Financial Policy)

International Economy and Finance: Policy and Institutions

Financial Sector Reform and Development

Monetary Policy in Theory and Practice

Asian Economic Development and Integration

(Joint Course)

Public Policy in Asia

Compulsory/Elective Courses

Issues on Public Policy I

Issues on Public Policy II

Issues on Public Policy III

Issues on Public Policy IV

Issues on Public Policy V

Issues on Public Policy VI

Issues on Public Policy VII

Issues on Public Policy VIII

Issues on Public Policy IX

Issues on Public Policy X

Note: For those students who wish to pursue doctoral courses in the future,

they may, with the advice as well as approval from their supervisors,

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.

The program from the university was deliberately intellectual

and comprehensive. The JISPA alumni have become more well-

rounded and could acquire hands-on policy-making skills.

II. THE PARTNERSHIP TRACK

International University of Japan (IUJ)

Master of Arts in Economics

Macroeconomic Policy Program

Required Courses

Microeconomics I: Price Theory

Microeconomics II: Strategic Behavior and Information Analysis

Macroeconomics and Policy Analysis

Macroeconomics I: Income Theory

Macroeconomics II: Business Cycle and Growth Theory

Statistical Methods

Macroeconomics and Policy Analysis

Econometrics

Public Finance

Monetary Economics and Policy Analysis

International Trade

International Finance

Electives: Recommended Courses

Business Presentation

Contemporary Japanese Economy

Cost Benet Analysis

Cross-Sectional and Panel Data Analysis

Development Economics

Development Policy and Globalization

Environmental and Health Economics

Economics of Poverty and Inequality: Modeling and Forecasting

Financial System and Financial Regulation

Industrial Organization and Policy Analysis

Intercations, Institutions, and Economic Development

Investment and Asset Pricing

Japanese Educational System and its Impact on Development

Japanese Corporate Finance and Financial System

and Its Impact on Development

Japanese Public Finance and Administration and Its Impact

on Development

Mathematics for Economics and Management

Monetary Policy in Developoing Countries

Policy Evaluation

Public Finance and Budgeting

Research Methodology

Time Series Analysis

Other Elective Courses

Public Administration

Public Human Resource Management

Public Finance and Budgeting

Managing Public Organizations

Public Policy Process

Note: Other courses offered by the Graduate School of International

Management (GSIM) can also be counted toward degree.

English/Japanese Language Courses are not counted for the total

number of required credits.

Online syllabi are available at

http://www.iuj.ac.jp/ir-info/

JISPA has been my stepping stone to achieving my

better career. Through JISPA, I gained a network with

policymakers from different countries, which will be

useful not only for me but also for my organization.

II. THE PARTNERSHIP TRACK

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 of

full-time study to earn 46 course credits

or more.

Economic Policy, Finance and

Development (EPFD)

I. COMPLETION OF BASIC ECONOMICS

(12-15 credits from

all the three groups 1 to 3)

1. A or B or C

A. Microeconomics for Public Policy

(4 credits) and Practice Session for

Microeconomics for Public Policy

(1 credit)

B. Microeconomics (4 credits) and

Practice Session for Microeconomics

(1 credit)

C. Microeconomics I (2 credits)

and Microeconomics II (2 credits)

offered by the Graduate School

of Economics

2. A or B or C

A. Macroeconomics for Public Policy

(4 credits) and Practice Session for

Macroeconomics for Public Policy

(1 credit)

B. Macroeconomics (4 credits) and

Practice Session for Macroeconomics

(1 credit)

C. Macroeconomics I (2 credits) and

Macroeconomics II (2 credits)

offered by the Graduate School

of Economics

3. A or B or C

A. Statistical Methods (4 credits) and

Practice Session for Statistical

Methods (1 credit)

B. Econometrics for Public Policy

(4 credits) and Practice Session for

Econometrics for Public Policy

(1 credit)

C. Econometrics I (2 credits)

and Econometrics II (2 credits)

offered by the Graduate School

of Economics

II. COMPLETION OF LAW AND POLITICAL

SCIENCE (6 credits, including 2 credits

obtained for one of the compulsory

elective courses indicate with * below)

Public Management

courses including:

• Politics and Public Policy*

• Introduction to Public

Management

• Comparative Political Parties

andElections

• Policy Process and Negotiation

• Science, Technology and Public Policy

• Governance and Development

• Comparative Analysis of Japanese

Economic Public-making Process

• Boom, Bust, and Beyond: the Political

Economy of Development in East Asia

International Relations

courses including:

• Introduction to International Politics*

• International Conict Study*

• Field Seminar in International

Relations*

• International Relations and Political

Regimes

• Security Studies

• Modern Japanese Diplomacy

• Insurgency and Counterinsurgency

• Contemporary Chinese Politics

• Contemporary Chinese Diplomacy

• International Politics in East Asia

• Conict Prevention and Post Conict

Politics

• Global Governance

• New Dimensions of Security

in the Risk Age

• Transformation of Warfare

and Technology

• U.S. Diplomacy toward Asia

• Asia-Pacic Policy

Law courses:

• Law and Public Policy

• Public International Law and Domestic

Implementation

III. COMPLETION OF CASE STUDIES

OFFERED BY GRASPP (8 credits)

IV. COMPLETION OF COURSES TAUGHT

IN ENGLISH (28 credits out of 46,

double-countable)

V. COMPLETION OF COURSES

CATEGORIZED AS PRACTICAL TRAINING

(4 credits out of 46, double-countable)

Additional requirement for IMF scholars:

Research paper or thesis credits are

required for IMF scholars in the second

year of study.

Note: Courses are subject to change.

Complete graduation requirement

is available at:

http://www.pp.u-tokyo.ac.jp/en/

education/master-course/

II. THE PARTNERSHIP TRACK

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 UniversityGRIPS

Scholars are expected to acquire a solid theoretical foundation in

core economic subjects such as macroeconomics, microeconomics,

and econometrics.

Knowledge of graduate-level economic theory. In particular,

the textbook used for microeconomics (Snyder & Nicholson),

which contains fairly technical materials, is taught to APPP

students without skipping its math components.

Knowledge of econometrics, supplemented by an elective

course dedicated to time series analysis. All APPP students use

econometrics, sometimes rather sophisticated techniques,

for their thesis.

Understanding of a broad range of policy issues and analyses,

taught by professors, in house as well as from outside, who are

equipped with both an academic background and practical

policy experiences.

Skills to write a thesis paper (80-100 pages long) in English,

helped by academic advisors as well as a professor who specializes

in English thesis writing. Also, 7-8 term paper requirements from

elective courses and the Workshop on Current Topics.

Ability to do a presentation in English through seminar classes,

many of elective courses, and the oral defense of the thesis (10-15

times of presentations altogether for each student during the two

years of enrollment).

Scholars are expected to enhance their expertise in economic

topics of their interest such as monetary policy, financial markets,

economic development, and policy evaluation.

Scholars are expected to learn the experience of policy design in

developed countries, particularly Japan, and in other developing

countries through practical and case-study courses.

Scholars are expected to acquire skills in econometric softwares

(Stata, Eviews), which is essential in conducting their own research.

Scholars are expected to learn how to write academic papers,

which includes understanding the issue of plagiarism, rules for

citation, and the basic structure of thesis/policy paper, and how

to orally present their results, which includes conveying main ideas

clearly and concisely, creating appropriate slides, and interacting

with the audience in a professional fashion.

Skills to be Attained by Scholars

II. THE PARTNERSHIP TRACK

The University of TokyoInternational University of Japan

The JISPA scholar is expected to equipped with quantitative skills

of macroeconomic forecast and analysis. These skills allow them

to conduct rigorous empirical research and to be familiar with

computational/statistical tools, such as Stata Eviews and R packages.

Problem finding and solving: Students are expected to acquire

up-to-date analytical skills to find and solve macro and financial

economic issues in their countries. The program offers rigorous

training on economic theories and empirical techniques by the

frontier academic researchers. The real world experiences are shared

by the top practitioners in international organizations, central banks,

government offices, development banks, and so forth.

Global perspective: Students are expected to gain a global

perspective. Both lecture-style classes and case study classes cover

issues faced by various countries and international organizations.

Class discussions are often lively with fellow students of various

backgrounds, who contribute to class discussions by presenting

their own experiences in their home countries.

Communication skills: Students are expected to polish up their

presentation and discussion skills, which enhance their influence

on policy debates. The program offers many case study courses,

which often require students to present their findings and views

in front of the class and to discuss openly and critically among

themselves. The faculty members guide students to become

effective communicators. Moreover, through writing a master

thesis or a research paper, students enhance their writing skills

to construct documents professionally.

The JISPA scholar is expected to acquire the ability of analyzing

fiscal and monetary policy effects based on cutting-edge theoretical

models and accompanied by simulation approach (Dynare on

Matlab or Fortran programming).

The JISPA scholar is expected to gain the competency of crisis

management. This potential is developed by their involvement

and participation in various seminars and workshops, and also the

experience sharing from Japanese Business Sector (Mizuho Bank

and Morgan Stanley) and high-ranking officials from Bank of Japan

(BOJ) and the IMF.

The JISPA scholar is expected to receive the ability of (academic)

English writing and presentation skills. This ability allows them

be capable of writing research reports, or other forms of policy

recommendations in a logical, clear, elegant way.

The JISPA scholar is expected to learn teamwork and to build up

leadership due to the valuable feature of our environment: they

interact with other scholars from similar government organizations

closely in living, studying, and working. This strong bonding will be

the invaluable assets for their future career.

The training is provided in the classes of “Econometrics”, “Time

Series Analysis”, and “Cross-Sectional and Panel Data Analysis”.

The training is provided in the classes of “Monetary Theory and

Policy Analysis”, “Public Finance”, “Macroeconomics and Policy

Analysis”, and “Computable General Equilibrium Modeling”.

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.

These skills are developed through thesis writing, and class

presentation. English classes are also available in enhancing

students’ learning.

II. THE PARTNERSHIP TRACK

Orientation Program

The JISPA offers the Orientation Program (OP) to newly accepted

scholars under the partnership track. The OP aims to ensure that

scholars entering the JISPA are well prepared to commence their

master’s programs in economics at the partnership universities

and to adjust to life in Japan through intensive courses in English,

mathematics/introductory econometrics, introductory economics,

and Japanese. This program is held from mid-July to late-

September (2.5 months), prior to commencing studies at the

partnership universities. The OP is conducted at the International

University of Japan, located in Niigata, Japan.

The OP comprises:

∙ 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.

All JISPA incoming scholars are required to participate in the OP.

Scholars from countries where the ofcial language is English or

those with high English prociency are exempted from taking

the English component, but must participate in the remaining

components of the OP.

In addition to the courses mentioned above, the IMF staff will

offer lectures on the IMF to introduce its role and functions, as

well as contributions made by the Japanese Government to the

IMF. Some extracurricular activities are organized by the IUJ to

facilitate interaction among the OP participants. The OP aims

to develop leadership, organizational, and interpersonal skills

through social and cross-cultural communication activities.

Thanks to the Government of Japan and the IMF who

organize this excellent Orientation Program (OP) to prepare

JISPA scholars for their master’s program. Attending the

OP was a wonderful experience and I was able to improve

both my English language and academic knowledge.

This program prepared me for my master’s program

in Japan very well. First of all, the OP provided a good

opportunity to study and practice English intensively. I

was encouraged to use English with professors and other

OP students from many countries. I also developed soft

skills such as communication skills through individual

presentations, group discussions, and extracurricular

activities. As a result, my English improved rapidly, and

therefore I had more condence to communicate in

English. The basic Japanese language course was also

very useful to live in Japan. Moreover, the fundamental

academic course, which covered mathematics for

economics, introductory econometrics and economics,

was really important for further studies in my master’s

program as it provided important basic knowledge and

concepts of economics and econometrics.

Last but not least, the OP gave me a chance to make many

good friends with JISPA scholars and Japanese students

through both academic and non-academic activities. I hope

that the next year’s JISPA intake will also enjoy the OP and

get the full benet of the program as I did.

Mr. Pachara Nimboonchaj

IUJ 2017-19

Bank of Thailand

II. THE PARTNERSHIP TRACK

General Information

Scholarships provide for admission and tuition fees; a monthly

stipend (including a housing and subsistence allowance);

medical/accident insurance; one round-trip economy class

air-ticket; and a lump-sum pre-arrival allowance to cover visa

application costs, testing fees (such as TOEFL), and a medical

examination; and book-shipping costs. The scholarship covers

expenses incurred by the scholar only.

The scholarship covers one year. For the two-year master’s

programs, the scholarship can be renewed for the second year

based on the scholar’s academic performance and the university’s

recommendation, together with nomination by the scholar’s

sponsoring agency.

Travel and Visas

Travel to Japan will be economy class by the most direct ight(s)

available. The IMF will provide scholars with pre-paid tickets

and a travel allowance. Assistance in applying for visas will be

provided by the universities.

Accommodations

Accommodations in Japan will be arranged for scholars by the

university. The location of housing depends on the university’s

choice and local availability. University arranged housing is only

for one-person occupancy. No provision will be made for married

scholars wishing to live together.

Scholar’s Family

No additional aid or arrangements are given for a scholar’s family.

Scholars are generally advised not to bring family members or other

dependents to Japan owing to the high cost and other complications.

If, however, a scholar must bring 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.

Health Requirements

Scholars are expected to be in excellent physical, mental, and

emotional health during their studies in Japan so that they

can be engaged in the full-time pursuit of their academic work

as scholars funded by the JISPA. Scholars must notify the IMF

Scholarship Programs Manager and the university immediately

if there are any health issues, including pregnancy.

Arrangements will be made to provide medical insurance

covering most medical expenses of the scholar. This insurance,

however, does not cover pre-existing conditions.

All students are requested to undergo a thorough medical

examination at an approved hospital or clinic in their countries

prior to their arrival in Japan. Evidence of the medical

examination must be submitted to the university. The cost

of this medical examination is expected to be covered by the

pre-arrival allowance.

Other Requirements

Scholars who receive the JISPA scholarship cannot accept

otherscholarships.

Once accepted into the program, scholars are expected to attend

all classes, maintain a solid academic standing, and conduct

themselves appropriately in accordance with the university’s

internal guidelines and Japanese laws and regulations. Any

violation of these conditions may be grounds for dismissal

from the university and/or revocation of the scholarship.

Upon completion of the program, scholars are also expected

to return to their home agency to utilize the knowledge and

skills acquired through their studies under the JISPA.

It is viewed as a great opportunity to earn a degree in Japan

in my organization. Previous officers who graduated from

Japan are performing a great job on their offices.

II. THE PARTNERSHIP TRACK

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, 2018

Interviews and testing of select applicants March 1 – March 22, 2019

Notification to Selected and Reserved Candidates April 12, 2019

Deadline to accept scholarship April 19, 2019

Reserve or stand-by applicants are called,

if necessary

April 19, 2019

Visa application process May – August 2019

Arrival in Japan for Orientation Program participants July 4, 2019 (tentative)

Orientation Program Mid-July to late-September, 2019

(Mid-July to mid-September, 2019,

for JISPA-HIT and UTokyo scholars)

Arrival in Japan

GRIPS: October 1, 2019

Hitotsubashi: September 11, 2019

IUJ: September 18, 2019

UTokyo: Mid-September, 2019

Program registration period GRIPS: October 3–19, 2019

Hitotsubashi: mid-September, 2019

IUJ: October 1–9, 2019

UTokyo: late-September, 2019

Courses begin GRIPS: October 7, 2019

Hitotsubashi: mid-September, 2019

IUJ: October 1, 2019

UTokyo: September 24 (tentative), 2019

For those scholars not participating in the Orientation Program.

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 nalists for details once the notication 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 notication of the JISPA application results

in mid-April.

II. THE PARTNERSHIP TRACK

Are you willing to recommend the JISPA to your colleagues?

YES (100%)!!!

All JISPA scholars agree to recommend JISPA to their colleagues!

How would you rate the master’s program?

How would you assess the university administration?

The curriculum

was appropriate to

my work needs.

4.51

The administration

of the program by

the host university

was effective.

4.49

Strongly disagree

Disagree

Neither agree

nor disagree

Agree

Strongly agree

I felt I could approach

the university’s

support staff whenever

I had an issue.

4.51

The university provides

enough facilities for

education (such as libraries

and study rooms).

4.46

The field trip arranged by the

university helped me better

understand economic issues in

Japan and Japanese culture.

4.40

I attained skills

valuable to

my work.

4.46

The instructors

were supportive

and accessible.

4.54

I am satisfied with the

networking opportunities

Ihad at the university.

4.34

Selected Results of the Survey Taken

at the Graduation in AY 2016-2017

II. THE PARTNERSHIP TRACK

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 qualication of applicants,

and thus, applicants are requested to be well-prepared for the test.

Past math tests for the period of 2014-18 are available on the JISPA website at:

http://www.imf.org/external/oap/jispa.htm

[Part 1] (1 point for each question)

Answer the following question:

1. Solve the following equation

[Part 1] (1 point for each question) Answer the following question:

Solve the following equation

× 10 +

Answer:

2. Given constant a, simplify the expr e ssion below:

)

1/2

1−x

Answer:

Answer: ______________________

2. Given constant a, simplify the expression below:

[Part 1] (1 point for each question) Answer the following question:

Solve the following equation

× 10 +

Answer:

2. Given co nstant a, simplify the expression b elow:

)

1/2

1−x

Answer:

Answer: ______________________

3. Simplify the expression below



x +1

x − 1



+ ln



x +1



Answer:

4. Solve for x when

= e

4+x

Answer:

5. Simplify the expression below

(5 + x)

20x +4x

Answer:

Answer: ______________________

4. Solve for x when

3. Simplify the expression below



x +1

x − 1



+ ln



x +1



Answer:

4. Solve for x when

= e

4+x

Answer:

5. Simplify the expression below

(5 + x)

20x +4x

Answer:

Answer: ______________________

5. Simplify the expression below

3. Simplify the expre ssion below



x +1

x − 1



+ ln



x +1



Answer:

4. Solve for x when

= e

4+x

Answer:

5. Simplify the expre ssion below

(5 + x)

20x +4x

Answer:

Answer: ______________________

[Part 2] (2 points for each question)

Answer the following questions:

1. Deduce the equation of a line whose slope is 1.2

and which passes through the point (2, 5).

Answer: ______________________

2. Find what values of x satisfy the inequalities below

[Part 2] (2 points for each question) A nswer the following questions:

1. Deduce the equation of a line whose slope is 1.2 and which passes through the p oint (2, 5).

Answer:

2. Find what values of x satisfy the inequalities below

⎧

⎨

⎩

4x − 7 > 3x − 3

4 − 6x<12 − 7x

Answer:

3. Solve the following equation

ln(x + 6) = 0

Answer:

4. Find x satisfying the following equation:

�

i=1

i−1

Answer:

5. Given co nstant a (a>0), ﬁnd x satisfying the following eq uation:

a =(x

)

Answer:

Answer: ______________________

3. Solve the following equation

[Part 2] ( 2 po i nts for each question) Answer the following questions:

1. Deduce the equation of a line whose slope is 1.2 and which passes through the point (2 , 5).

Answe r:

2. Find what values of x satisfy the inequalities below

⎧

⎨

⎩

4x − 7 > 3x − 3

4 − 6x<12 − 7x

Answe r:

3. Solve the following equation

ln(x + 6) = 0

Answe r:

4. Find x satisfying the following equation:

�

i=1

i−1

Answe r:

5. Given constant a (a>0), ﬁnd x satis fying the following equation:

a =(x

)

Answe r:

Answer: ______________________

4. Find x satisfying the following equation:

[Part 2 ] (2 points for each question) Answer t he following questions:

1. Deduce the equation of a line whose slope is 1.2 and which passes through the point (2, 5).

Answe r:

2. Find what values of x satisfy the ine qualities below

⎧

⎨

⎩

4x − 7 > 3x − 3

4 − 6x<12 − 7x

Answe r:

3. Solve the following equation

ln(x + 6) = 0

Answe r:

4. Find x satisfying the following eq uation:

�

i=1

i−1

Answe r:

5. Given constant a (a>0), ﬁnd x satisfying the following equation:

a =(x

)

Answe r:

Answer: ______________________

5. Given constant a (a > 0), nd x satisfying the

following equation:

[Par t 2] (2 points for each question) Answer the following questions:

1. Deduce the equation of a line whose slope is 1.2 and which passes through the point (2, 5).

Answer:

2. Find what values of x satisfy the inequalities below

⎧

⎨

⎩

4x − 7 > 3x − 3

4 − 6x<12 − 7x

Answer:

3. Solve the following equatio n

ln(x + 6) = 0

Answer:

4. Find x satisfying the following eq uation:

�

i=1

i−1

Answer:

5. Given co nstant a (a>0), ﬁnd x satisfying the fo llowing equation:

a =(x

)

Answer:

Answer: ______________________

II. THE PARTNERSHIP TRACK

2. Answer the following questions:

(a) [2 points] Find the local maximum and minimum of the function.

[Part 4] (5 points for each question) Answer the following questions:

1. Given A =





, B =





, and C =







20 1

10−1

12 0







, answer the following two sub-

questions.

(a) [2 points ] Find (AB)

′

Answer:

(b) [3 points] Find the determinant of C.

Answer:

2. Answer the following questions:

(a) [2 points] Find the local maximum and minimum of the function.

f(x)=x

− 12x

+ 36x +8

Answer:

(b) [3 points] Given the function below

f(x)=bx

− x − c

i. Specify “the condition of the parameter b” that this func tion has a l ocal minimum.

ii. Find this point.

Answer:

Answer: ______________________

(b) [3 points] Given the function below

[Part 4] (5 points for each question) Answer the following questio ns:

1. Given A =





, B =





, and C =







20 1

10−1

12 0







, answer the following two sub-

questions.

(a) [2 points ] Find (AB)

′

Answer:

(b) [3 points] Find the determinant of C.

Answer:

2. Answer the following questions:

(a) [2 points] Find the local maximum an d minimum of the function.

f(x)=x

− 12x

+ 36x +8

Answer:

(b) [3 points] Given the function below

f(x)=bx

− x − c

i. Spec ify “the condition of the parameter b” that this function has a local minimum.

ii. Find this point.

Answer:

i. Specify “the condition of the parameter b” that this function

has a local minimum.

ii. Find this point.

Answer: ______________________

Since a long time ago, many staff of my organization have

attended the JISPA, and the JISPA plays an important role in

building human resources for my organization.

Math Test Cont.

[Part 3] (3 points for each question)

Answer the following questions:

1. Given constants a, b, and c, nd the rst derivative of the

function below:

[Part 3] (3 points for each question) A nswer the following questions:

1. Given co nstants a, b, and c, ﬁnd the ﬁrs t derivative of the function below:

f(x)=2x

+ log c

Answer:

2. Find the second or der derivative of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the partial derivative

∂

∂x∂y

when f (x, y) = (8x − 4y)

Answer:

4. Evaluate the following deﬁnite integral.



(3e

+ 5) dx.

Answer:

5. Given co nstants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answer:

Answer: ______________________

2. Find the second order derivative of the function below:

[Part 3] (3 points for each question) Answer the following questions:

1. Given constants a, b, and c, ﬁnd the ﬁr st derivative of the function below:

f(x)=2x

+ log c

Answer:

2. Find the second order der ivative of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the partial derivative

∂

∂x∂y

when f (x, y) = (8x − 4y)

Answer:

4. Evaluate the fo llowing deﬁnite integral.



(3e

+ 5) dx.

Answer:

5. Given constants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)= (ax + by)

+ ln (xy + 1)

Answer:

Answer: ______________________

3. Find the partial derivative

[Part 3] (3 points for each questi o n) Answer the following questions:

1. Given constants a, b, and c, ﬁnd the ﬁrst derivative of the function below:

f(x)=2x

+ log c

Answer:

2. Find the second orde r derivative of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the partial derivative

∂

∂x∂y

when f(x, y) = (8x − 4y)

Answer:

4. Evaluate the following deﬁnite integral.



(3e

+ 5) dx.

Answer:

5. Given constants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answer:

when

[Part 3] (3 points for each question) Answer the following questions:

1. Given constants a, b, a nd c , ﬁnd the ﬁrst derivative of the function below:

f(x)=2x

+ log c

Answer:

2. Find the second order deriva tive of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the partial derivative

∂

∂x∂y

when

f(x, y) = (8x − 4y)

Answer:

4. Evaluate the following deﬁnite integral.



(3e

+ 5) dx.

Answer:

5. Given constants a b, and c , ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answer:

Answer: ______________________

4. Evaluate the following denite integral.

[Part 3] (3 po i nts fo r each question) Answer the foll owing questions:

1. Give n co nstants a, b, and c, ﬁnd the ﬁrst derivative of the functio n below:

f(x)=2x

+ log c

Answer:

2. Find the second order derivative of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the par tial derivative

∂

∂x∂y

when f(x, y) = (8x − 4y)

Answer:

4. Evaluate the following deﬁnite integ ral.



(3e

+ 5)

dx.

Answer:

5. Give n co nstants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answer:

Answer: ______________________

5. Given constants a b, and c, nd

[Part 3] (3 points for each question) Answer the following quest i ons:

1. Given constants a, b, and c, ﬁ n d the ﬁrst derivative of the function below:

f(x)=2x

+ log c

Answer:

2. Find the second order de rivative of the functio n below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answer:

3. Find the partial derivative

∂

∂x∂y

when f (x, y) = (8x − 4y)

Answer:

4. Evaluate the following deﬁnite integral.



(3e

+ 5) dx.

Answer:

5. Given constants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answer:

when

[Part 3] (3 point s for each question) Answer the fol lowing questions:

1. Given constants a, b, and c, ﬁnd the ﬁrst derivative of the function below:

f(x)=2x

+ log c

Answe r:

2. Find the s econd o rder derivative of the function below:

f(x)=

6x − 7

8x − 5

. (x ̸=

)

Answe r:

3. Find the partial derivative

∂

∂x∂y

when f (x, y) = (8x − 4y)

Answe r:

4. Evaluate the fo llowing deﬁnite integral.



(3e

+ 5) dx.

Answe r:

5. Given constants a b, and c, ﬁnd

∂f

∂x

when

f(x, y)=(ax + by)

+ ln (xy + 1)

Answe r:

Answer: ______________________

[Part 4] (5 points for each question)

Answer the following questions:

1. Given

[Part 4] (5 points for each question) Answer the following questions:

1. Given

A =





, B =





, and C =







20 1

10−1

12 0







, answer the following two sub-

questions.

(a) [2 points ] Find (AB)

′

Answer:

(b) [3 points] Find the determinant of C.

Answer:

2. Answer the following questions:

(a) [2 points] Find the local maximum and minimum of the function.

f(x)=x

− 12x

+ 36x +8

Answer:

(b) [3 points] Given the function below

f(x)=bx

− x − c

i. Specify “the condition of the parameter b” that this func tion has a l ocal minimum.

ii. Find this point.

Answer:

answer the following two sub-questions.

[Part 4] (5 points for each question) Answer the following questions:

1. Given A =





, B =





, and C =







20 1

10−1

12 0







, answer the following two sub-

questions.

(a) [2 points ] Find (AB)

′

Answer:

(b) [3 points] Find the determinant of C.

Answer:

2. Answer the following questions:

(a) [2 points] Find the local maximum and minimum of the function.

f(x)=x

− 12x

+ 36x +8

Answer:

(b) [3 points] Given the function below

f(x)=bx

− x − c

i. Specify “the condition of the parameter b” that this func tion has a l ocal minimum.

ii. Find this point.

Answer:

Answer: ______________________

[Part 4] (5 points for each question) Answer the following questions:

1. Given A =





, B =





, and C =







20 1

10−1

12 0







, answer the following two sub-

questions.

(a) [2 points ] Find (AB)

′

Answer:

(b) [3 points] Find the determinant of C.

Answer:

2. Answer the following questions:

(a) [2 points] Find the local maximum and minimum of the function.

f(x)=x

− 12x

+ 36x +8

Answer:

(b) [3 points] Given the function below

f(x)=bx

− x − c

i. Specify “the condition of the parameter b” that this func tion has a l ocal minimum.

ii. Find this point.

Answer:

Answer: ______________________

II. THE PARTNERSHIP TRACK

The open track of the JISPA provides support to scholars who

wish to study graduate-level macroeconomics or a related eld

at either the master’s or Ph.D. level at any leading university in

Japan. However, priority is given to Ph.D. candidates. It is geared

towards highly motivated ofcials who are able to identify a

course of study in Japan suitable to their professional pursuits

in the public sector and supportive of their future work as an

economic policy maker. The scholarships typically cover all or

most of the tuition costs and related expenses and provide a

monthly stipend for the scholar. The scholarship covers expenses

incurred by the scholar only.

For a master’s degree, a scholarship can be awarded for up

to two consecutive one-year periods and for a Ph.D. degree

for up tothree consecutive one-year periods, depending on

auniversity’s requirements under a specic course of study.

Annual renewal of the scholarship is subject to approval by the

IMF, based on the scholar’s progress, university’s assessment,

and sponsoring agency’s consent.

To be eligible for the open track, applicants must rst apply

directly to the university of their choice to be admitted into a

graduate-level program in an appropriate discipline. TheIMF

maintains no information on the application processes at

Japanese universities. The IMF can also consider providing

support to those eligible scholars who have already commenced

their studies in Japan.

To apply for the open track scholarship, applicants must

complete the online application which will be posted on the

JISPA website at http://www.imf.org/external/oap/schol.htm

(Asample application form can also be downloaded). Inaddition,

they should submit a copy of their letter of acceptance into a

graduate-level program from a Japanese university or a copy

of the application to a university (see Part IV for complete

applicationguidelines).

Award of the scholarship will depend on the suitability of the

chosen university and course of study, as well as a combination

of the applicants’ educational background, work experience,

and potential for future promotion in one of the key government

agencies for economic policy making.

Open-track application can be accepted from April 15, with

the application deadline of June 1, 2019, for admission in

September/October 2019 and April 2020. Applicants must

notify the IMF of the admission result of the university(ies)

to which they are applying prior to receiving a nal decision

on the scholarship award.

Additional application for April 2020 admission, with the

deadline of December 1, 2019, will be opened if positions

of open-track scholarships are available as a result of the

aforementioned selection.

Important Dates for the Open Track

Application Process Date

Launch online application Early April 2019

Application acceptance period April 15–June 1, 2019

Application Deadline June 1, 2019

Review application materials June 1–30, 2019

Interview with selected applicants July 1–21, 2019

Acceptance notification to selected interviewees July 31, 2019

Deadline to accept scholarship August 7, 2019

III. The Open Track

III. THE OPEN TRACK

General Information

Scholarship Benets

The scholarship covers all reasonable expenses a scholar is

expected to incur, including: one return airfare (subject to

conditions); admissions and tuition fees; stipend (including

a housing and subsistence allowance); medical and accident

insurance fees. For scholars enrolled in doctoral programs,

research related fees will be additionally covered. The

scholarship covers expenses incurred by the scholar only.

The scholarship covers one year. The IMF makes a decision on a

renewal for the subsequent year based on the scholar’s academic

performance and progress, the university’s recommendation,

and the sponsoring agency’s consent. The scholarship award

period is for up to two years for a master’s program and three

years for doctoral programs, depending on the requirement

oftheuniversity.

Scholar’s Family

No additional aid or arrangements are given for a scholar’s family.

Scholars are generally advised not to bring family members or

other dependents to Japan owing to the high cost and other

complications. If, however, a scholar must bring 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.

Health Requirements

Scholars are expected to be in excellent physical, mental, and

emotional health during their studies in Japan so that they can

be engaged in the full-time pursuit of their academic work as

scholars funded by the JISPA. Scholars must notify the IMF

Scholarship Programs Manager and the university immediately

if there are any health issues, including pregnancy.

Other Requirements

Scholars who receive the JISPA scholarship cannot accept

otherscholarships.

Once accepted into the program, scholars are expected to

attend all classes, maintain a solid academic standing, and

conduct themselves appropriately in accordance with the

university’s internal guidelines and Japanese laws and regulations.

Any violation of these conditions may be grounds for dismissal

from the university and/or revocation of thescholarship.

Upon completion of the program, scholars are also expected

to return to their home agency to utilize the knowledge and

skills acquired through their studies under the JISPA.

For further information on program requirements under

the open track, please contact:

Japan-IMF Scholarship Program for Asia

IMF Regional Ofce for Asia and the Pacic

21st Floor Fukoku-Seimei Building

2-2-2 Uchisaiwai-cho

Chiyoda-ku, Tokyo 100-0011

Japan

Tel. +81 3 3597-6708

Fax +81 3 3597-6705

Email: jisais@imf.org

The JISPA has changed my way of thinking for research

in the economics field. I believe that the knowledge

that I acquired through this program would help me

think deeply the economic dynamics and policy making

process in my workplace.

III. THE OPEN TRACK

The IMF Regional Ofce for Asia and the Pacic (OAP)

and partnership universities organize several activities

for JISPA scholars.

Networking

OAP hosts welcome and farewell receptions each year for JISPA

scholars to help them develop a network with other scholars.

Ofcials from the Bank of Japan and the Japanese Ministry of

Finance (MOF), together with representatives from the relevant

embassies, also attend these events in order for them to get

acquainted with the scholars.

Seminars

JISPA Seminar: OAP organizes a series of occasional seminars

on current policy issues exclusively for JISPA scholars. The

scholars are encouraged to actively participate in discussions.

Roundtable discussions with IMF economists are also arranged

so as to deepen scholars’ understanding of policy issues as well

as the work of the IMF.

Workshop: OAP will carry out a new initiative of a training

course/workshop for current scholars who will continue onto

their second-year studies. This aims to provide practical training

to complement their course work at each university.

Roundtable Discussion Session with the Bank of Japan (BOJ)

and Ministry of Finance (MOF): OAP arranges roundtable

discussion sessions with career bureaucrats/economists of

the Japanese MoF and BoJ so as to provide opportunities for

scholars to familiarize themselves with the operations of the

Japanese government agencies as well as to build a network

between the JISPA scholars and Japanese ofcials.

Thesis Presentation: OAP organizes a thesis presentation

where representatives from among JISPA scholars present their

thesis as an accomplishment of their studies under the program.

OAP hosted seminars: JISPA scholars are also invited as

observers to high-level regional conferences on macroeconomic

and nancial policy issues organized by OAP.

Field Trip

Each partnership university arranges a eld trip exclusively

for JISPA scholars once a year. This trip helps the scholars

promote an understanding of the Japanese economy and

traditional culture. Destinations include industrial facilities,

localgovernments, branch ofces of ministries and/or the central

bank, as well as cultural and historical heritage sites in Japan.

Alumni Activities

To provide a career-long education for the JISPA alumni,

starting in AY2017-18, OAP has implemented a new initiative

of a training program for JISPA alumni who are currently in

mid-level senior positions. It aims to strengthen the analytical

skills of JISPA alumni that will help their policy making decisions

with sound judgment, and facilitate their policy dialogues at

international fora.

OAP also arranges alumni gatherings in various countries for

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.

IV. Activities for JISPA Scholars

IV. ACTIVITIES FOR JISPA SCHOLARS

In addition to developing an understanding

of economics not only in theory but also in practice, JISPA has

provided seminars related to the current issues which have helped

improve the scholars’ knowledge about the current economic

conditions around the world.

0% 20% 40% 60% 80%

94%

89%

51%

74%

69%

91%

97%

100%

Welcome Reception

JISPA seminar series

OAP hosted high-level regional seminars

Roundtable Discussions with BOJ/MOF

Thesis Presentation

Farewell Reception

Meeting with OAP economists

(such as a campus visit)

What JISPA Activities Did You Appreciate?

(multiple answers)

IV. ACTIVITIES FOR JISPA SCHOLARS

V. Application to the JISPA

Application Guidelines for Partnership and Open Track

Application deadline

Partnership track: December 1, 2018 for the 2019–20

academic year. (Application opens in September/October 2018)

Open track: June 1, 2019 for admission in September/October

2019 and April 2020 (Application opens in April 2019)

December 1, 2019 for admission in April 2020. This additional

application will be opened if positions of open-track scholarships

are available because of the above-mentioned selection.

Eligibility requirements

Under current program guidelines, candidates must be a

national of one of the following countries:

Bangladesh, Bhutan, Cambodia, China, India, Indonesia,

Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives,

Mongolia, Myanmar, Nepal, Pacic Island Countries, Papua New

Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste,

Turkmenistan, Uzbekistan, and Vietnam.

Candidates should also currently work for one of the following

or related government agencies:

central bank, ministry of economy, ministry of nance, ministry

of planning/development, ministry of trade/commerce, tax

administration, national statistics bureau, or nancial regulatory

agencies. The program will also consider ofcials working in

other areas of government that have a signicant impact on the

formulation or implementation of macroeconomic policy.

Candidates must have a Bachelor’s degree or an equivalent

with at least 16 years of formal education. Names of schools and

attending dates beginning from primary school must be listed

in the application. In some cases, 15 years of formal education

may be accepted if there is an ofcial explanation (a country’s

educational system or other exceptional circumstances).

Applicants must have an English language prociency, which

needs to be demonstrated as equivalent to or more than an

ofcial TOEFL score of 550 or iBT79-80. If TOEFL scores are

not available, then an overall IELTS score of at least 6.0 can

besubstituted.

Applicants must be committed to contributing to the development

of their home country, and if selected, are expected to return

to their sponsoring agency upon completion of their studies

under the JISPA.

Priority is given to applicants (1) whose age is below 40; and (2)

who have not yet obtained a master’s degree from a university

outside of their own country; and (3) who have the minimum of

two-three years’ work experience in the public sector.

Application procedures

For both the partnership and open track, eligible candidates

should submit the following:

1. Completed application form. The applicant is requested to

apply through the online application which is available on the

IMFRegional Ofce for Asia and the Pacic website at

http://www.imf.org/external/oap/schol.htm

2. Ofcial transcripts and ofcial copies of diplomas or degree

certicates from all undergraduate and graduate schools.

Anofcial copy means a certied copy of the original document

with an ofcial seal obtained from the administration ofce of the

university attended. Copies attested by organizations/persons

not having notarized/legal bearing will not be accepted.

3. Two reference letters: References should be from applicants’

supervisor at work and/or an academic advisor or professor.

4. Recognized English Test Report (such as TOEFL/IELTS certicate,

if available): The recognized English test report, such as TOEFL/

IELTS test score, must be from an examination taken after

December 1, 2016. If a score is unavailable, the applicant will be

requested to sit for a TOEFL/IELTS examination prior to receiving

a nal decision on the scholarship award.

The economic theories I mastered and the skill sets I acquired from

the courses under the JISPA will directly translate to being able to

contribute in drafting policy recommendations and crafting a viable

macroeconomic plan which my institution is mandated to do.

V. APPLICATION TO THE JISPA

For the open track only, eligible candidates should also submit

the following:

5. Admission letter or enrollment certicate of the University of

Choice, or a copy of the application to the university

(open track

applicants only).

6. Thesis or equivalent paper from their master’s degree (open

track applicants only).

All submitted application material must be presented in English

or be accompanied by an ofcial English translation. The material

will be considered under the control of the IMF and provided to

the relevant school(s) and the Government of Japan as it sees

appropriate. None of the material will be returned to applicants.

Applicants must notify the IMF of the admission result of the university(ies)

to which they are applying prior to receiving a nal decision on the

scholarship award.

Application material should be sent by mail to the IMF

Regional Ofce for Asia and the Pacic (see address below).

For further information on the application procedure, including

the application form, please visit the scholarship website at

http://www.imf.org/external/oap/schol.htm

CONTACT:

Japan-IMF Scholarship Program for Asia

IMF Regional Ofce for Asia and the Pacic

21st Floor Fukoku-Seimei Building

2-2-2 Uchisaiwai-cho

Chiyoda-ku, Tokyo 100-0011

Japan

Tel. +81 3 3597-6708

Fax +81 3 3597-6705

Email: jisais@imf.org

Website: http://www.imf.org/external/oap/schol.htm

JISPA is an incredible initiative. I have

tremendously benefited from this program and I

would definitely recommend it to my colleagues

and juniors in my organization. Thank you JISPA!!

V. APPLICATION TO THE JISPA

VI. Contact Addresses

IMF Field Ofces/Contacts are also available to provide information:

Bangladesh

IMF Resident Representative

Mr. Ragnar Gudmundsson

2nd oor, Plot # E 32 Sher-e-Bangla Nagar

Agargaon

Dhaka 1207, Bangladesh

Tel: 880 9638 101000

Fax: 880 9638 101040

Cambodia

IMF Resident Representative

Ms. Yong Sarah Zhou

Exchange Square Building, 13th oor, Unit 1301

Building No. 19 & 20, Street 106, Village 2,

Sangkat Wat Phnom, Khan Daun Penh,

Phnom Penh, Kingdom of Cambodia

Tel: 855 23 218 602 and 218 603

Fax: 855 23 218 601

China

IMF Senior Resident Representative

Mr. Alfred Schipke

Unit 1806, East Tower, Twin Towers, No.B12

Jianguomenwai Ave.

Beijing 100022 China

Tel: 86 10 6505 1155

Fax: 86 10 6505 8580

India

IMF Senior Resident Representative

Mr. Andreas Bauer

Room 1001, 10th oor

Taj Mahal Hotel

No. One Mansingh Road

New Delhi 110 011 India

Tel: 91 11 66050300

Indonesia

IMF Senior Resident Representative

Mr. John Nelmes

c/o Bank Indonesia

C Building 5th Floor, West Lobby

Jl. M.H. Thamrin No. 2

Jakarta Pusat 10350 Indonesia

Tel: 62 21 231 1884

Fax: 62 21 231 1939

Kazakhstan

Ofce Manager

Ms. Olga Bissekeyeva

67 Aiteke bi Street

4th Floor, Room 420

A05B0Y8 Almaty, Kazakhstan

Tel: 7 771 471 7272 (mob.)

Tel: 7 727 270 46 31

Fax: 7 727 270 48 92

Kyrgyz Republic

IMF Resident Representative

Mr. Yahia Said

Business Center “Orion”, 5th Foor

21 Erkindik Blvd.

Bishkek 720040, Kyrgyz Republic

Tel: 996 312 303705/04

Fax: 996 312 303708

Lao PDR

IMF Resident Representative

Mr. Jonathan Dunn

Lanxang Avenue, P.O Box: 345

Vientiane, Lao PDR

Tel: 856-21 267 787

Fax: 856-21 264 939, 267 799

VI. CONTACT ADDRESSES

Mongolia

IMF Resident Representative

Mr. Neil Saker

MCS Plaza, 4th oor

Seoul Street – 4

Ulaanbaatar 210644, Mongolia

Tel: 976 11 313 518

Fax: 976 11 312 181

Myanmar

IMF Resident Representative

Mr. Yasuhisa Ojima

Inya Lake Hotel

37, Kabaaye Pagoda Road,

Mayangone Township

Yangon, Myanmar

Tel: 95 1-9- 662 866 Ex: 237, 240

Tel: 95 1-9- 662 857 Ex: 237, 240

Nepal

IMF Senior Resident Representative

Mr. Andreas Bauer

c/o Nepal Rastra Bank

Central Ofce

Baluwatar, Kathmandu, Nepal

Tel: 977 1 441 1977

Fax: 977 1 441 1673

Pacic Island Countries

IMF Regional Resident Representative

Ms. Leni Hunter

Pacic Financial Technical Assistance Center (PFTAC) Tower 7,

Reserve Bank Bldg.

Suva, Fiji

Tel: 679 330 4969

Fax: 679 330 4045

Philippines

IMF Resident Representative

Mr. Yongzheng Yang

Rm. 407. 5-Storey Building

Bangko Sentral ng Pilipinas

A. Mabini Street

Manila, Philippines

Tel: 63 2 708 7484

Fax: 63 2 708 7483

Sri Lanka

IMF Resident Representative for Sri Lanka and Maldives

Mrs. Eteri Kvintradze

Central Bank of Sri Lanka

Tower 1, 14th Floor

30, Janadhipathi Mawatha

Colombo 01, Sri Lanka

Tel: 94 11 2477155

Fax: 9411 2477684

Tajikistan

IMF Resident Representative

Mr. Yuri Sobolev

National Bank of the Republic of Tajikistan

107A Rudaki Avenue

Dushanbe 7334025 Tajikistan

Tel: 92 44 600 3234

Fax: 992 372 51 0121

Thailand

Ofce Manager

Ms. Pichaporn Gulati

IMF Capacity Development Ofce in Thailand (CDOT)

Bank of Thailand, Building No. 4

273 Samsen Road, Phranankorn

Bangkok 10200 Thailand

Tel: 66 2 283 6527/6249

Fax: 66 2 282 4751

Turkmenistan

Research/Liaison Ofcer

Ms. Jennet Garlyyeva

IMF Ofce in Ashgabat

State Bank for Foreign Economic Affairs of Turkmenistan

32 Garashsyzlyk Str. 744000

Ashkhabad, Turkmenistan

Tel: 99365 67 0493

Uzbekistan

Ofce Manager

Ms. Galina Kostina

Central Bank of Uzbekistan

7 Islam Karimov Avenue

100001 Tashkent, Uzbekistan

Tel: 998 71 233 4243

Fax: 998 71 120 6874

Vietnam

IMF Resident Representative

Mr. Jonathan Dunn

Suite 601

63 Ly Thai To Street

Hanoi, Vietnam

Tel: 84 24 3 824 3350

Fax: 84 24 3 825 1885

VI. CONTACT ADDRESSES

PLEASE VISIT THE JISPA WEBSITE FOR DETAILED INFORMATION

http://www.imf.org/external/oap/schol.htm

Japan-IMF Scholarship Program for Asia

IMF Regional Office for Asia and the Pacific

21F, Fukoku Seimei Bldg., 2-2-2 Uchisaiwai-cho