Keio University, Tokyo, Japan,  from September 2015 to present
       Professor, Faculty of Economics

City University of New York, New York August  2011 to August 2015
       Hunter College, Associate Professor, Department of Economics,  August  2011 to August 2015 
       Graduate Center, Doctoral Faculty, July  2014 to August 2015

Federal Reserve Bank of New York, New York, Sept 2009 - August 2011
       Senior Economist, Oct 2010 to August 2011
       Economist, Sept 2009 to Sept 2010

University of Southern CaliforniaMarshall School of Business, Los Angeles, Aug 2007 - May 2009
        Assistant Professor, Department of Finance and Business Economics

Goldman Sachs, Tokyo, Japan, April 1996 - July 1999
       Fixed Income Division, Capital Markets Department, Feb 1997 - July 1999
       Investment Banking Division, April 1996 - Feb 1997


New York University, New York
        Ph.D in Economics, May 2007
        Thesis advisors: Thomas Sargent and Gianluca Violante
Harvard University, John F. Kennedy School of Government, Cambridge
        M.P.A./I.D. Master in Public Administration/International Development, June 2001
Waseda University, Tokyo, Japan
        School of Political Science and Economics
        B.A. in Political Science, March 1996


Public policies

Topics:  income taxation, wealth distribution and inequality, social security, health insurance, unemployment insurance, demographic transitions, 
Medicare, disability insurance, entrepreneurship, dual economy, Japanese economy.


        [RESEARCH  PAGE]


  • Ministry of Finance Japan, Tokyo, Japan
          Fiscal System Council, Committee Member
    , April 2017 - March 2018

  • Research Institute of Economy, Trade and Industry (RIETI), Tokyo, Japan
    Faculty FellowJune 2016 - May 2018
          Visiting Fellow, September 2015 - August 2015

  • Centre for Applied Macroeconomic Analysis (CAMA), Australian National University, December 2016 - present
         Research Associate, Canberra, Australia

  • Government Pension Investment Fund, Japan (GPIF), October 2016 - March 2018
          Joint Research Project, Tokyo, Japan

  • Australian National University, August 2016
          Visiting Scholar, Canberra, Australia

  • Japanese Bankers Association (Zenginkyo), April 2016 -March 2017
         Researcher, Tokyo, Japan

  • Inter-American Development Bank (IDB), June - December 2014
          Research consultant, Washington, D.C.   

  • Federal Reserve Bank of St. Louis, September 2012
          Short-term visitor, St Louis  

  • National Graduate Institute for Policy Studies (GRIPS), June 2012, and January 2013
          Short-term visitor, Tokyo, Japan  
  • The University of Tokyo, CIRJE, June-July 2007, and June 2010
          Short-term visitor, Tokyo, Japan

  • International Monetary Fund, Research Department, June - August 2004
           Intern, Washington, D.C.

  • Merrill Lynch & Co., Credit Research Department, June - August 2000
           Intern, New York and Tokyo

  • Japan International Cooperation Agency (JICA), January - March 1994
           Intern, Tokyo, Japan

  • Japan-America Student Conference, June-Aug 1993
           Intern, Washington, D.C.

  • Yujin gakuin (public primary school), Jan - May 1992
           Assistant instructor of Japanese language, volunteer, Eugene, Oregon

  • University of Oregon,  September 1992 - May 1993
           Exchange student, Eugene, Oregon



  • 2018
    Korea Institute for Public Finance (KIPF) in Seoul, Tsinghua University in Beijing, Kinzai Institute for Financial Affairs, Ministry of Health, Labour and Welfare (MHLW), Tokyo.
  • 2017
    Cabinet Office, Tokyo, Mitsubishi Economic Research Institute (MERI), Bank of Korea, Seoul.
  • 2016
    Keio University, Japan Center for Economic Research (JCER), Research Institute of Economy, Trade and Industry (RIETI), Ministry of Finance Japan, Otaru University of Commerce, Hitotsubashi University, University of Tokyo, Japanese Economic Association 2016-Spring Meeting at Nagoya University (Nakahara Prize lecture), Australian National University, Japanese Economic Association 2016-Fall Meetings at Waseda University (invited lecture), Kyoto University.
  • 2015 
    North American Winter Meeting of the Econometric Society in Boston, Research Institute of Economy, Trade and Industry (RIETI) (4), Keio Univesity, National Graduate Institute for Policy Studies (GRIPS), Bank of Japan, Asian Development Bank (ADB) Institute, CEPAR Retirement Income Modelling Workshop at University of New South Wales in Sydney.
  • 2014 
    nter-American Development Bank (IDB), North American Summer Meeting of the Econometric Society in Minneapolis, Macro Conference at Shanghai University of Finance and Economics (SHUFE), Keio University.
  • 2013
    National Graduate Institute for Policy Studies (GRIPS), Federal Reserve Bank of Chicago, Inter-American Development Bank (IDB), Instituto Tecnológico Autónomo de México (ITAM), Federal Reserve Bank of Kansas City, Kansas State University, Canon Institute for Global Studies (CIGS) Conference on Macroeconomic Theory and Policy (discussion), Society for Economic Dynamics (SED) Meetings in Seoul, Korea, University of Connecticut, Macro Conference at University of Illionis at Urbana-Champaign, Midwest Macroeconomics Meetings in Minnesota, CUNY Graduate Center Macro Colloquium.
  • 2012
    Paris School of Economics, Midwest Macroeconomics Meetings at Duke University, Quantitative Society for Pensions and Saving (QSPS) Summer Workshop at Utah State University, National Graduate Institute for Policy Studies (GRIPS) in Tokyo, Hunter College CUNY, Federal Reserve Bank of St Louis and Washington University in St Louis, Emory University.
  • 2011
    Hunter College CUNY, Yeshiva University, CUNY Graduate Center, Midwest Macroeconomics Meetings at Vanderbilt University, NYU Alumni Conference, Canon Institute for Global Studies (CIGS) Conference on Macroeconomic Theory and Policy.
  • 2010
    AEA Annual Meetings in Atlanta, Japanese Economic Association Annual Meetings at Chiba University (invited lecture), University of Tokyo, National Graduate Institute for Policy Studies (GRIPS), SED Meetings in Montreal, University of Quebec at Montreal (UQAM), Queen's University, Rutgers University, SUNY Albany, Federal Reserve Bank of Kansas City
  • 2009
    University of Hawaii, Federal Reserve Bank of New York, Stony Brook University, Federal Reserve Bank of Philadelphia
  • 2008
    NBER Conference on Demography and the Economy, University of Southern California, UC San Diego, University of Tokyo, Bank of Japan, New York/Philadelphia Fed Workshop on Quantitative Macroeconomics
  • 2007
    AEA Annual Meetings in Chicago, Columbia GSB, University of Maryland, University of Illinois at Urbana-Champaign, Federal Reserve Bank of Atlanta, University of Tokyo (2), University of Pennsylvania, Bank of Japan
  • 2006
    Carnegie-Rochester Conference, University of Southern California Marshall, New York University Stern, University College London, Federal Reserve Bank of Chicago
  • 2005
    Federal Reserve Bank of Atlanta, University of Tokyo, Chicago-NYU College Bowl, German Workshop in Macroeconomics, Society for Economic Dynamics (SED) Meetings in Budapest, Midwest Macroeconomics Meetings in Iowa City
  • 2004
    IMF Workshop on DSGE Modeling



  • Nomura Foundation, Social Science Research Grant, 2017

  • Grants-in-Aid for Scientific Research (Kakenhi C),Japan Society for the Promotion of Science, 2016-2018

  • Japan Center for Economic Research, Research Grant, 2016

  • Nakahara Prize, Japanese Economics Association, 2016 

  • Tokyo Center for Economic Research, Research Grant, 2015

  • Jiro Enjoji Memorial Prize, Japan Center for Economic Research, 2015 

  • Japanese Bankers Association (Zenginkyo) Research Grant, 2014

  • Murata Science Foundation, Research Grant, 2013

  • Professional Staff Congress-City University of New York (PSC-CUNY) Research Award, 2012-2013, 2013-2014, 2014-2015

  • Abe Fellowship, Social Science Research Council, 2012

  • Advancing Scholarship in the Humanities and Social Sciences Initiative at USC, 2009

  • Steven H. Sandell Grant Program, Center for Retirement Research at Boston College, Research Grant, 2008

  • CV Starr Center Fellowship, New York University, 2007

  • Dean's Dissertation Fellowship, New York University, 2005/2006

  • Graduate Research Assistantship, New York University, 2003, 2004, 2005

  • IMF Joint-Japan Scholarship, 2001/2003

  • AT&T Leadership Award, 1999/2000

  • Exchange program scholarship, Waseda University and University of Oregon, 1992/1993


Journal referee services

  1. American Economic Journal Economic Policy
  2. American Economic Journal Macroeconomics
  3. American Economic Review
  4. B.E. Journal of Economic Policy & Analysis
  5. B.E. Journal of Macroeconomics
  6. Current Issues in Economics and Finance 
  7. Econometrica
  8. Economic Inquiry
  9. Economic Journal
  10. Economic Record
  11. Economic Systems
  12. Economic Theory
  13. Economics Letters
  14. Empirical Economics
  15. European Economic Review
  16. FinanzArchiv (Public Finance Analysis)
  17. International Economic Review
  18. Japanese Economic Review
  19. Journal of Economic Dynamics and Control
  20. Journal of Economic Theory
  21. Journal of the Economics of Ageing
  22. Journal of Monetary Economics
  23. Journal of Pension Economics and Finance
  24. Journal of Political Economy
  25. Journal of Public Economics
  26. Journal of Public Economic Theory
  27. Macroeconomic Dynamics
  28. Quantitative Economics
  29. Review of Economic Dynamics
  30. Review of Economic Studies
    2013: Outstanding referee award from Journal of Economic Dynamics and Control  (JEDC)

Public Finance Review

    Editorial Advisory Board, January 2017 - present

Grant evaluation services

  1. National Science Foundation (NSF)
  2. Social Sciences and Humanities Research Council of Canada (SSHRC)


    Econometric Society, American Economic Association, Japanese Economic Association


NYU, Economics, Macroeconomics (PhD core) (TA, taught by John Leahy and Lars Ljungqvist)

NYU, Stern School of Business, Advanced Macroeconomics (MBA) (TA, taught by Lars Ljungqvist and Tom Sargent)

USC, Marshall School of Business, 
Intermediate Macroeconomics (Undergraduate)

Hunter College and Graduate Center, City University of New York, 
Money and Banking (Undergraduate), Quantitative Macroeconomics (PhD)

Keio University, 
Money and Banking (Undergraduate, upper level), Advanced Macroeconomics (Graduate), Introduction to Japanese Economy (PEARL program, Undergraduate, lower level), Quantitative Macroeconomics (Upper undergraduate and graduate level)


  • Conference organization
    New York/Philadelphia  Workshop on Quantitative Macroeconomics , 2012 (fall and winter) and 2011 (winter), at Federal Reserve Bank of Philadelphia (2011) and the Roosevelt House at Hunter College, CUNY (2012), KEIO-GRIPS Macroeconomics and Policy Workshop in Tokyo (2016, 2017), Macro Labor Workshop at Keio University (2016)

  • Seminar coordination
    2015-2017 Keio University Macroeconomics Seminar 
    2011-2015 Hunter College Economics Seminar 
    2007-2009 USC Marshall School of Business Macroeconomics Seminar
    2010-2011 BBL Seminar at the Federal Reserve Bank of New York



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