IMF Regional Office for Asia and the Pacific (OAP)Japan-IMF Scholarship Program for Asia (JISPA): International University of Japan (IUJ)

International Monetary Fund

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IMF Regional Office for Asia and the Pacific (OAP)

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International University of Japan (IUJ)

IUJ campus

Program Director's Message

Prof. kuo

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. Chun-Hung Kuo
Associate Professor and Program Director, Macroeconomic Policy Program, Graduate School of International Relations, International University of Japan

International University of Japan (IUJ)

IUJ was founded in 1982 with extensive support from Japanese industrial, financial, 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 six Master’s degrees: Master of Arts in Economics, Master of Arts in International Development, Master of Arts in Public Management, Master of Arts in International Relations, Master of Arts in International Peace Studies and Master of Public Policy. The student body of IUJ comprises about 350 students representing about 40 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 Pacific. The curriculum of the program is designed especially for the government officials from ministries of finance, central banks, and other public institutions. Emphasis is placed on macroeconomic policy formulation and public finance, central banking and monetary policy, and financial 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 fields from prestigious universities such as Cornell University, University of Essex, Indiana University, University of Rochester, Yale University and University of Wisconsin-Madison. Because many faculty members live on 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 financed 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 finance, financial economics, public finance and taxation, econometrics) with a strong emphasis on macroeconomic policy formulation and public finance, central banking and monetary policy, and financial market policy. The two-year curriculum consists of required courses, elective courses, and advanced seminars.

First year:
The first-year curriculum introduces core required courses that provide the scholars with tools, concepts, and theories in economics and related fields (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. 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 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 first-year. Before the spring term of the first year, all scholars need to decide this 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 first 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 financial 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 proficiency. In addition, the Japanese Language Program offers courses from introductory to advanced levels.


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


There are three computer labs on campus. In the dormitories, students can also access a highly efficient 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, finance, 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 office 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.

Further information on the program can be found on the IUJ website at

The latest brochure of the GSIR is also available upon request through the internet at