Tokuo Iwaisako is a professor at the Institute for Economic Research (IER) at Hitotsubashi University. He is currently the Director of the IER and serves as the Chairman of the Council for Research Institutes and Centers Japanese National Universities (2024-2025). Iwaisako's main research areas are finance and empirical macro, and he teaches financial economics at the Faculty of Economics and the Business School at Hitotsubashi University. In the past, he served as president of the Nippon Finance Association (2018-2020) and as a principal economist at the Institute of Policy Research of the Ministry of Finance. Professor Iwaisako graduated from the Faculty of Economics at Hitotsubashi University in 1990 and received his Ph.D. in Economics from Harvard University in 1997.