Asian Public Policy Program

General Outline

The principal aim of the Asian Public Policy Program (APPP) is to meet Asia's ever-increasing need for trained professionals able to undertake economic policy formulation and implementation based on a firm understanding of the theory and analytical implications of fiscal, monetary and other public policies.

In developing as well as industrialized economies, governments play an important role in mobilizing resources through taxation and borrowing, and allocating these resources in the provision of key social and infrastructural services. This task is performed while sustaining macroeconomic stability and addressing the issues of social equity in the most efficient manner. These are significant challenges for any government.

To meet these challenges, professionals dedicated to public service need quality education and training. They need to be equipped with analytical skills, understanding of best practices, and policy formulation capacity in macroeconomic management, public finance, fiscal and monetary operation, and other relevant areas so that they can effectively contribute to policy processes. Their informed contribution to economic policy-making will serve to complement a well-functioning political decision-making process.

The Master's program at the APPP 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-fledged fiscal, monetary, or financial economists, economic planners, policy analysts, and policy makers in their governments as well as in international organizations.

All courses are offered in English, and provision is made for those whose first language is not English. The program strives to have the student body and faculty members as internationally-based as possible.

Faculty Members


Maehara, Yasuhiro

Director and Professor, Asian Public Policy Program
School of International and Public Policy (IPP), Hitotsubashi University
He was formerly Advisor to the Governor at the Bank of Japan. He has a long career at the Bank of Japan (1974-2005) and experience in international finance and monetary policy making. He received Ph.D. in Economics from London School of Economics in 1981. Fields of specialization: Monetary Policy, Financial Policy, and International Financial Policy

Ariyoshi, Akira

Professor, IPP, Asian Public Policy Program, Hitotsubashi University

Ii, Masako

Professor, Asian Public Policy Program, IPP, Hitotsubashi University
She received Ph.D. in Economics from University of Wisconsin, Madison in 1993. Fields of specialization: Health Economics, Public Economics and Development Economics

Kunieda, Shigeki

Associate Professor of Asian Public Policy Program, IPP, Hitotsubashi University
He worked at the Ministry of Finance (1984-1999). Before joining Hitotsubashi University, he taught at Osaka University. He received Ph.D. in Economics from Harvard University in1989. Fields of specialization: Public Finance and Macroeconomics