Course(s) Offered: Available fields (see below)
Course Level: Postgraduate (masters)
Country to Study in: Japan
The Japan-IMF Scholarship Program for Asia (JISPA) was first 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 objective is to contribute to institutional capacity building in economic policy-making to promote the sustainable growth of emerging and developing economies in Asia and the Pacific.
The program comprises two tracks: the partnership track and the open track. The partnership track of the JISPA allows scholars to study a specially designed graduate level course concentrating on macroeconomics at an IMF partnership university. The open track of the JISPA provides support to scholars who wish to study graduate-level macroeconomics or a related field at either the master’s or PhD level at any leading university in Japan. It is geared towards highly motivated officials 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.
NOTE: See the brochure (link below) for complete information about open track subprogram of JISPA.
Under current program guidelines, candidates must be a national of one of the eligible countries (see below).
Candidates should also currently work for one of the following or related government agencies: central bank, ministry of economy, ministry of finance, ministry of planning/development, ministry of trade/commerce, tax administration, national statistics bureau, or financial regulatory agencies. The program will also consider officials working in other areas of government that have a significant 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 official explanation (a country’s particular educational system or other exceptional circumstances).
Applicants must have an English language proficiency, which needs to be demonstrated as equivalent to or more than an official TOEFL score of 550, CBT213, or iBT79-80. If TOEFL scores are not available, then an overall IELTS score of at least 6.0 can be substituted.
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.
In addition, each partner university may have its own admission/eligibility requirements. See the 2012-20113 Japan IMF Scholarship Brochure for this information (link below).
Scholarship Criteria: Scholarship awards are made on the basis of the candidate’s academic record and work background, mathematical and statistics skills, English language proficiency, and potential for contributing to the macroeconomic and financial 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.
Currently, the JISPA is open to qualified candidates from the following countries:
Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
The JISPA targets highly motivated government officials who may serve as future macroeconomic policy makers with the capacity and vision to contribute effectively to the economic development of their countries.
In 2012/13, the partnership universities that will be accepting scholars 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 (UT): two-year program
Fields of study
Master of Arts in Public Economics (GRIPS)
Masters of Public Policy (GRIPS, Hitotsubashi University)
Masters of International Development (IUJ)
Master of Public Policy, International Program - MPP/IP (UT)
All of the universities have a strong macroeconomic oriented focus on:
(1) macroeconomic policy formulation;
(2) central banking and monetary policy;
(3) financial markets and institutions.
They also offer various optional subjects that will allow scholars to pursue their particular interests, relevant to the topic of their master’s thesis or policy research paper.
See the 2012-2013 brochure (link below) for the complete course list under the program.
Number of Awards
In 2012-2013, a total of 36 new scholarships are available to candidates for the partnership track. There is no fixed limit on new scholarships for the open track, but generally only a small number of scholarships are awarded.
Scholarships provide for tuition fees; a monthly stipend (including the housing allowance and medical/accident insurance); one round-trip economy class air-ticket; and a lump-sum allowance to cover visa application costs, testing fees (such as TOEFL), 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 academic performance and the university’s recommendation, together with nomination by a scholar’s sponsoring agency.
Method of Application
The application deadline for the partnership track is 10 December 2011. There is no application deadline for the open track applications; applications are accepted and reviewed year-round.
For detailed information on how to apply, see the official website via link below.
It is 10 December 2011. No deadline for Open track (applications accepted and reviewed year-round)
Japan-IMF Scholarship Program for Asia
IMF Regional Office for Asia and the Pacific
21st Floor Fukoku-Seimei Building
Chiyoda-ku, Tokyo 100-0011
Tel. +81 3 3597-6708
Fax +81 3 3597-6705
Application Deadline: 10 December 2011
Open to International students: Yes
Resource: 2012-2013 JISPA Brochure (PDF)
More Scholarship Information and Application