Welcome to Hidetaka Ohara's Home Page



Last Update 10 Sept, 2016.
Hidetaka OHARA
Professor, Department of Commerce, Meiji University.
(NOT a Business School, but an ordinary graduate school only for academic research.
You cannot get MBA degree here. See below NOTE 2, in detail.)
This laboratory is especially ONLY for ACADEMIC researchers, NOT for practitioners. If you want to get hired in Japanese firm or carrier up, you have to go to Business School to get MBA degree, not here (See below NOTE 2, in detail.)
NOT Finance laboratory, but Monetary section
I am now a sociologist (different from an economics), not an economist nor an economic scholar (KEIZAIGAKUSHA).
F But based on what I have accumulated as a specialist, I will teach abstract mathematical modeling for monetary economy in this graduate school. (Anti-Inflation and Anti-Reflation theorist).
There is no foreign student in this laboratory in these years.
Notes for Daigakuin Graduate Level このページは、大学院レベルの学習、明治大学大学院商学研究科マネタリーエコノミクス部門 について、英語で書いてあります。ディベートや就活行事は学部ゼミのみで、大学院では行いません!うちには大学院生が一人もいません。学部の教育内容と混同しないこと!
(For undergraduate education, please see undergraduate seminar web page
普通の大学・学部教育の情報は、全く異なるので、 学部ゼミのページ をご覧ください。)

CONTENTS (working)
NOTE1: Master thesis theme cannot be finance or securities analysis in this laboratory. If you want to learn finance in general, in vague, you have to go to other laboratory, other University, or other country.
pre-requisite: you must graduate undergraduate university in the economics or finance major at S grade.
Canada is the best country for you to immigrate!

Business school is completely different from this academic graduate school.

If you want to learn finance IN GENERAL to get permanent job in finance industry, you may NOT go to an academic graduate school, BUT you must go to business school, or graduate school of management, Meiji University Business School , or in other University, or in other country (USA, Canada, UK are the best for the financial job, see below).
This class is belongs to Department of Commerce, Meiji University.
It is NOT a Business School, but an ordinary graduate school only for academic research.
You cannot get MBA degree here. See below NOTE 2, in detail.)
This laboratory is especially ONLY for ACADEMIC researchers, NOT for practitioners. If you want to get hired in Japanese big firm or carrier up, you have to go to Business School to get MBA degree, not here (See below NOTE 2, in detail.)

MBA(Master of business administration) from business school is the strongest wild card to get jobs in large company, in Japan, academic (except science or engineering) master degree has almost no impact on getting job in Japan. Rather, graduate school has disadvantage for job getting in Japanese big companies ! Japan is a very peculiar country, a very closed island country without openness. Sightseeing and immigration are completely different. Most foreign students become disillusioned.
1) In Japan, except science and engineering(Master degree effective), Japanese big company has the custom to employ new undergraduates all at once in the spring of the 4th year of the undergraduate in very peculiar way. So you severly take disadvantage, that is to say, almost no job if you go to graduate school in the humanities major; bad news, in Japan, business and economics belong to humanities major. So if you want to get jobs in Japanese big company by any means, you had better go to UNDERGRADUATE economics department.
A part of list of Universities that accept a college transfer regardless of your major is below.
Not all inclusive list. You must check them by your self university by university, year by year.
And more, if you go to graduate school in Japan, you have to do recruiting activity in the first year. You have not changed in such a short period. Japanese graduate school class ordinary reads an English academic book by one year.
Or you had better change to Information Technology area. IT is the best method to immigrate because it is clear that you prove your ability and it is common in the world. Nowadays only firm's demand for IT engineer continues to increase. You can learn Information Technology course of world top Stanford University via MOOCs, online university course system.
MOOCS
A) National university
Kyoto University, Osaka Univ, Nagoya Univ, Kyushu Univ, Tohoku Univ, Kobe Univ, Hiroshima Univ, Okayama Univ, Ochanomizu Women Univ, Tokyo University of Foreign Studies, Tsukuba Univ
B) Private University
Waseda University, Sophia Univ, ICU, Rikkyo Univ, Hosei Univ, Oubirin Univ, Doshisha Univ, Kansai Univ, Ryukoku Univ, Nanzan Univ, Seinan-Gakuin Univ ...

2) almost no permanent jobs in Japan: Even there, wage level is very low for those who transfer jobs. Even for Japanese native residents, Japan is still deep depression. Real wage becomes down and down. Life is in poverty. There are very few permanent jobs in Japan and they are shrinking eternally because Japanese population continue to decrease eternally, especially laborforce populaiton will become half, so domestic demand will shrink hardly. Even now, about 30 per cent of household hold no savings. Half of the labor in Japan are part-time job with very low wage.
A news that jobs-to-applicants ratio become histrically high, over 1.0 is data trick, shameless lie. Almost all job offer are consisted by part-time jobs with very, very low wage. In addition, there are dummy job offers by companies and it's lie was used by LDL for Japan to pretend to be good economic conditon.
You can check this: Ministry of Labor official press release:
http://www.mhlw.go.jp/file/04-Houdouhappyou-11602000-Shokugyouanteikyoku-Koyouseisakuka/0000128958.pdf
Real job getting rate is about 1/3 30per cent even including part time jobs! Bad, bad, bad! And there are included many dummy job offers as above. The number of Job offers are padding or overstated and the number of those who seek permanent jobs are understated. Both!
Then, about genuine permanent jobs, more important matter for us, labor class: ha ha ha, its worth ironical laughter, they hide the data about permanent jobs getting rate, because the number is extremely bad! The hidden rate is about only SIX per cent when caluculated (63,380/1,054,910=0.06, only 60 thousand people are employed as permanent labor), that is to say, 94 per cent job searcher cannot get permanent job in Japan, especially for high wage office workers with the standard of living that maybe you wish. But this bad number is very fitted to our residents' actual feeling in Japan. This is the desperate number, do you think? It is clear that Japan is still in the depression.
In Tokyo, really, we never hear that someone succeeds in getting good permanent job by job search. There are full of unemployed people, there are many people who really wish permanent jobs, but cannot find them, cannot help but part-time jobs with low wage, they are not satisfied. Rather, like Sharp electric company, we only hear job cutting news as below. Japan is the desperate country.
MacDonald Japan 200 shops closed. KAPPA Sushi 50 shops closed. KOZO Sushi chain 100 shops closed. KOBE RANPU TEI restourat all shops closed. Lawson convenience Store chain 260 shops closed. WORLD apparel stores 500 shops closed. Yamada Electoric Stores 60 shops closed. Kojima Electoric Stores 50 shops closed. ITOH-YOHKADO general merchandise store 40 shops closed. AEON general merchandise store 100 shops closed. UNI general merchandise store 100 shops closed. SEIBU-SOGO Department store 40 shops closed. WATAMI BAR 85 shops closed. TOKYO CHIKARA MESHI restrant chain closed all 100 shops in JAPAN. Even the convenience stores Circle-K thanks closed 1000 stores! Karaoke bar Shidax 115 shops closed. The top delux department store MITSUKOSHI suddenly closed Chiba branch and TAMA center branch.
TOSHIBA cuts 10000 employees. SONY cuts 2100 employees in mobile section. Sharp Electric has been bought by Taiwan Company. SANYO ELCTRIC disappear. Yokokawa Electric cuts 1105. TANABE PHARMA cuts 2550. HITACHI CONSTRUCTION MACHINARY cuts over age 35 JT cuts 1754 employees. Assics shoes cuts 350.


3) Even if you get part-time jobs in Japanese firm, a corporate servant, labor servant (economic animal, not human) life, most of Japanese are workaholic. waits you.
In Japanese company, it is very natural “overtime work without pay”(Service ZANGYO) in Japan ! Almost all overtime work are without pay now in Japan. Incredible !
Your life is as follows: wake up 6:00am because reasonable house is very far to the work place in Tokyo area, you must hurry up by very crowded rush hour railways, very uncomfortable; you work hard except lunch break; you work “overtime work without pay” until 9 PM: you must drink with hated colleague until 0 am or more later: you come back to home by the last train. In Tokyo, car is very inconvenient, no parking in city center, many comanies prohibit driving commuting. In Japanese company, meeting is very inefficient. All persons without Boss are silent. You had better be silent with your head down, too, even if you have nice idea. Japanese soiety is peculiar, if you say real thing, you will be beated after the meeting for ever. In Japanese proverb, "a nail that stands will be hammered down". Japanese society superss human's distinct personality. This is one of the reason that Japanese economy is far behind in globalization.
In Japanese peculiar and closed culture, the above drinking meeting, even if informal, is the real discussion place. It's very curious, I think. So, you can't help but attendig the above overnight drinking for survival, even thought bad for health.
In contrast to Europe, you cannot take long vacation in the summer. 20 per cent of employees cannot take no summer holiday in statistics because they are too busy. Virtually, you cannot use holidays with pay in Japan in a year.

In academic graduate school, you have to write long, long, Master Thesis, but for business school, you have not to write a Master Thesis. In academic graduate school, the maximum object is to write an academic high level paper, so usually, you read the academic book and report the progress of your Master Thesis to the professor. To write an academic high level paper, you have to read one hundred of academic papers by yourself. In Japanese academic graduate school, one class has only one student, you have to make a presentation every week. It's so hard. It is very, very time consuming, so you cannot take classes in other field such as international trade for basic knowledge.
Business school is good for you, really for carrier up, you learn mainly in the form of lectures basics of business management in general, including finance, marketing, management strategy, accounting, human management. In business school, you have no pre-requisite of undergraduate economics or finance major. You can learn from the zero. In business school, curriculum is very practical, not abstract. Lectures are "case" of real firm's management strategy of TOYOTA motors or 7-11 stores. You surely are interested in them.
NOTE1 : In this laboratory, Master thesis theme is limited to the philosophy of Money including criticism to the Quantity Theory of Money,
NEVER on Finance. This class treats only an economic mathematical modeling in abstract form, not treating real Japanese firm’s data nor management.
This laboratory’s theme is absolutely different from finance area or securities analysis area.
Therefore, you cannot get job at Japanese Securities Company after you graduated from this laboratory.
I dare to say for you from the heart that Japanese securities companies are completely different from what you dream. Sales quota is too severe, with no intellectual used, with no financial theory, the boss orders you only that you work hard! more sales, more sales! Even Japanese SHINSOTSU freshmen, undergraduate graduated youngers, 70 per cent of their are to resign in three years! There is less interesting work. Japanese securities companies are far behind those in the US and Europe and HK and Singapore. And there is no genuine Investment Bank in Japan. In Japan, there are very less M&A, less venture companies. If you want to be an investment banker, you must work for global securities firms that include investment banking, such as JP Morgan, Morgan Stanley, to be so, you must go to US universities, or Business Schools, Europe or Singapore. See below, in detail.
This laboratory requires you as a pre-requisite that you must graduate undergraduate university in the economics or finance major and you must be an honors student. Other majors such as Department of Japanese Language, Japanese cultural study are not permitted. Those whose majors are NOT economics or finance should go to Graduate School of Arts and Letters in Japanese Universities. It is consistent.
In graduate school level, continuation and consistency of your study area is severely needed. If so and you want to change to economics major, you had better get GAKUSHI NYUGAKU , you can get 3rd, 4th year undergraduate economics education without repeating Language or Liberal Arts subjects classes. Unfortunately, this university has no GAKUSHI NYUGAKU system now. Please go to other Universities. For you to work for Japanese large companies absolutely, KEIO Uni is the best The almni Mita-kai dominates in Japanese economy, Weekly Diamond May 28, 2016


Severe News! 1) From 2015, you must submit master thesis progress report by March in the first year in this graduate school, this is because under the pressure of JIKOTENKEN mutual evaluation of universities, there is bad situation that many foreign students cannot write master thesis on the second year. The progress report, in case, has the form of half of master thesis that is over 40,000 Japanese characters. So, more and more, you have to study advanced level of economics and finance before you take the entrance exam.
It is too late if you think you manage to study after you enter the graduate school.
Severe News! 2) From 2015, you must also make master thesis defense presentation on the first week of July of the second year. Thesis defense is required at the every U.S. academic graduate school. That is, you must make a presentation about your master thesis in the front of all professors and students in this graduate school in the large class room; you must "defend" to criticism from the professors. The talk must be in Japanese. It will be tough wall for you.

In the entrance exam, the recommendation letter must be written in English by international level economists or finance scholar. It's not just an introductory letter of you. Your Japanese Language teacher's recommendation is NOT permitted because the recommendation is needed for the certificate of your ability in economics and finance major whether you can catch up graduate level study. The statements by Japanese language teacher's saying that you are eager to live in Japan or you are earnest to learn Japanese language have NO MEANING for graduate school level entrance exam.
And Meiji University’s professor CANNOT be your family's VISA supporter in rule because only you are permitted to purely study in Japan after the entrance exam.

Seminar talked language is Japanese only, but in Japan, text books are in English. Your ability to translate English text into Japanese is absolutely needed. Always translation into Japanese makes graduate level study in Japan for coming from abroad students very, very inefficient. You had better study finance directly in English elsewhere. See Note 5 below in detail.
This laboratory is NOT on Finance nor Asset Pricing of stock prices nor foreign exchange rates, nor Securities Analysis, nor Corporate Finance, nor Financial Institutions, nor Banking Sector, nor Financial Regulation, nor Contract Theory nor any Monetary Policy Matters nor recent inflations in emerging countries. Therefore, I will NOT accept students pursuing these topics, please find other professors somewhere. There are many, many hidden good professors in Japan, and even more in the world. See below.
The following is very, very important for all applicants for graduate school. You had better select graduate school by whether there is professor that is fit for your specified research theme in the pin point, NEVER select graduate school by rating of University's name. Applicants from abroad MUST thoroughly search for and select the appropriate thesis supervisor professor SHIDO KYOJU 指導教授
that is the best fit for your research topic in the pinpoint. Or you will fail in MENSETSU SHIKEN, an oral examination after you passed the paper test in Japanese graduate entrance exam system. The oral examination is NOT an interview, that is, you will be also questioned the advanced undergraduate level of monetary economics and macroeconomics in Japanese. And you CANNOT change thesis supervisor professor SHIDO KYOJU 指導教授
after you enter the graduate school in Japanese system.


Here Meiji Commerce, there are several professors whose specialties are NOT finance BUT monetary economics and so on in Monetary and Finance division in Meiji Commerce. There is only one professor who is an active core member of NFA (NIPPON Finance Association, Japanese Finance Association)
and who continues still producing new academic papers in genuine finance area in international level and making presentations in international academic meetings in the U.S. and the Europe; see and check carefully Graduate School of Commerce Money and Securities section Faculty list (sorry, Japanese web page).

There is no professor who was former investment banker, nor, fund manager, stock analyst, nor, foreign exchange dealer in Monetary and Finance division in Meiji Commerce. There is no connection to the finance industry in Japan. Here, again, this graduate school is NOT a business school. You should not expect any practical training on finance.
And about among all Japanese universities how to find the appropriate thesis supervisor professor, for example finance, see the web link list below.
Anywhere, you should thoroughly read all Universities' Faculty web pages in the destination country. And you must read each hypothetical supervisor professor's graduate level syllabus (lecture plan and information).
(As for Meiji's syllabus, Oh! Meiji System. click the bottom second ``Class Web'', click Guest name: guest, pass: guest sorry, almost in Japanese only)
Never be confused with the undergraduate classes. For example, we NEVER do debate education in the graduate classes.
Be cautious that in the graduate level other than undergraduate level, specialty is very, very narrow and strict; pinpoint fitting is the most important.
NOTE2: This laboratory is especially ONLY for ACADEMIC researchers, NOT for practitioners. If you want the latter, you should go to Business School to get MBA degree! This is an ACADEMIC Graduate School, where you cannot get MBA degree nor you cannot be taught how to do business, that is, NEVER a Professional School or Business School.

If your object is career up in financial practice or you want to get practical financial knowledge broadly and efficiently, you must go to Business School even if they are with high tuition.
You must not think of this academic school as a substitute for business school with low tuition. You cannot get practical knowledge in this division in this graduate school. You will lose two years time and two years tuition.
Because this graduate school is for an academic research, you cannot graduate if you cannot write and submit long, long, Master thesis with over 40,000! Japanese characters academic professional level. In business school, you need not to write such a master thesis.
This thing is completely different from business school and writing a formal academic paper is surprisingly very time consuming. You must read very many, many academic papers for it. You consume every time for master thesis on the second year. There is no Master thesis obligation in business school. It's completely different.
So, you should save money and go to practical "real" business school.
In Japan, Waseda Finance school(see below) is said to be the best business school for financial practice. See below, in detail.
In Japan, evening school is NEVER a sign of low education level for a working class, rather, e.g. Waseda Finance school has very high education level in Japan, because quality of students is high, the first class financial company's employee such as Merrill Lynch and Nomura securities come to Waseda finance school because the recommendation entrance exam system from famous company is effective. This thing in Japan is very different from Evening school business school in your countries.
Meiji also has the Meiji Business School in the form of the other institution, an independent graduate school. This graduate school has no relation to Meiji business school; there is no credit transfer system between here to Meiji business school; you CANNOT attend business school classes.
And you can also get Master of Business Administration at
graduate school of Business Administration in Meiji University.
The Graduate School of Business Administration Meiji is a good choice for those who study finance. Especially, for corporate finance, it’s applied themes, M&A and "structured finance" and factoring, there is a good professor, Prof. Sakamoto, TsuneoSorry in Japanese.
Prof. Nakanishi, Mitsugu teaches derivatives such as futures and options, and trust and ABS in "Risk Management" A Class. see Graduate School Syllabus at Oh! Meiji System Id: guest, Pass: guestSorry for that the final contents are in Japanese only.

profile of Prof. NAKANISHI, Mitsugu

Prof. NAKANISHI, MitsuguSorry in Japanese.
In addition, there are many good financial accounting professors
Faculty list of Graduate school of Business Administration in Meiji University in English.
For you to make a venture company, that is, if you want to be an entrepreneur,
why do not you go to Babson College that is the top specialized business school for entrepreneurship. See below about this business school in detail.
In Japan, relatively thinking, WASEDA Business School (both full time program and evening program), and RIKKYO University Business School are said to have a good environment for entrepreneurship (possibility of human connections).
For more better, in the midst of Silicon Valley, Stanford Business School and University of Berkeley Haas School of Business, the latter undergraduate level statistics, Asian students are the highest share. (To digress, most of finance professors in University of San Francisco seem to have Chinese related names).

NOTE3: And only limited to this laboratory restriction, you can get only master degree at most and you CANNOT get doctor degree in this laboratory because of my qualification. It is of course very, very difficult for you to get Master degree in this laboratory.
There is ever no one who has got master degree or doctor degree in this laboratory.
Again, you CANNOT change thesis supervisor professor SHIDO KYOJU 指導教授
after you enter the graduate school in Japanese system.

You cannot get MBA (Master of Business Administration) or DBA (Doctor of Business Administration) in this graduate school, Meiji Commerce.
Meiji Commerce is an academic school and its only objective is to seek the truth, neither for career up nor for making money. You can get at most Master of Commerce, or Doctor of Commerce as a Japanese academic certificate, not an international certificate.
It takes time at least Five years to get Doctor degree in Japanese system (in U.S. standard years are Four and it is flexible up to your ability.) : at least two years for Master Degree (recently many students takes more years) and there is the entrance exam for Doctor Program (academic English paper exam and very strict oral examination on your Master thesis), Most of students take Six years or more to get Doctor degree recently, counting from master years, it takes eight years.

About half of applicants fail this strict exam, and at least three years for Doctor Degree (recently most students takes more and more years).
In this graduate school, you can got only "Doctor of Commerce", not PhD, nor Doctor of Business Administration, those have global standard value.
From 2014, you can get DBA (Doctor of Business Administration) at Meiji Business School. You need not submit Master thesis to go to doctor program there. That is a business school for career up.
You should know that there is almost no academic post in Japan for those who have got Doctor even Japanese native because of declining population, the number of children in Japan becomes half, there is no derived demand for teaching staffs, rather the number of professor in Japan began to decrease. It is truly desperate situation.
Sept 2016, accoroding to Hokkaido University union newspaper, one of the Japanese top SEVEN univerities such as Tokyo, Kyoto, Hokkaido University cuts 205 permanet professors and 14.4 per cent compulsory budget cutting. This is because Japanese fiscal deficit, 120000000000000 yen. There will be more job cutting and budeget cutting in the future. Even the Japanese native Dr cannot find jobs in Japan. Japanese University will lose competitiveness both in education and research. If you get degree from Japanese universitiy, its degree has no value internationally. Again, you had better go to US or European or Asian top class English educated universities. Nihon University Business school had been closed. Many Universities in Japan has short of students, short of money, they are bankrupting.
And you should know that you cannot move to non-academic jobs in Japan: You should know Japanese bank's culture never hire foreign students for permanent jobs even if they have got master or doctor. Never blame me. For banks.
Now Japan is the desperate society. This is the 25 years long chronic depression phenomenon of Japanese economy after the 1980's Bubble burst. Even for Japanese natives, there are almost no permanent jobs for them to live normally in the life time, in the meaning that they marriage and have children and buy their own "my home". That is to say, there are so many non-permanent jobs such as MacDonald's or waiter or waitress and so on, but permanent jobs are almost nothing. Japanese young only live for the time being by continue living in their parent’s house subsidized by old parents' pension income. Now per capita GDP in Japan is smaller than that in Singapore or Taiwan.
Now only stock prices are somewhat up (but below the half of 1989 level), and the number of regular jobs is decreased in these years, most of Japanese companies cut costs, many people are compelled to work as part-time jobs. In 2014, consumption tax rate was up and imported good prices up, but real wages are down, there are many, many poor workers in Japan. Many, many shops have shut down everywhere. Japan is never a dream country.

So, you, foreign students, can live shortly by such non-permanent jobs in the time of students (student VISA), but you cannot live in Tokyo area in the life time with marriage and children and your own my home. House is Eleven times of the permanent office workers annual income in Tokyo.
Much more important is the VISA. Japan is very strict to immigration, in contrast to Canada(see above). So, you can easily get student VISA in Japan, but long-term labor VISA nor forever residential VISA is almost impossible in finance industry except in the case that you have got MBA degree at the U.S. top Business school such as Harvard, Wharton, and Stanford University, you get job in global investment bank, then you dipatch to Tokyo with little probability.
And Japanese big companies are very closed and have severe discrimination for foreigners. Japanese cannot make global manegement even now. Softbank comapany's Japanese workers has kicked out Indian Nikesh Arora, Vice President, the former GOOGLE manager, the very able person. Japanese company maintain a Japanese conrolled pyramid structure, not flat, and Administrative positions are occupied Japanese native only, and, non-Japanese employees are very, very difficult to promote, with low wage. Chinese elites criticized it on Japanese local business weekly magazine (Nikkei Business Weekly 2012).
Women discrimination on work in Japan is almost the worst in the world. Women inequality Ranking is #101 among the world 135 countries! China is much more better. (Asahi Newspaper 2012) Even Japanese native women can get only supportive low-level jobs (IPPAN SHOKU) in Japanese company.
In 2015, Ministry of Ed ordered that all humanities courses in Japanese Universities shut down in the future because of huge budget deficit and public debt. Unfortunately, in Japan, economics and business belong to humanities course, not science and engineering courses.
What do you do if the department of Japanese university is closed where you get your degree, you cannot get formal certificate of graduation for new job getting and the university disappeared in University ranking or register, so the company that is considering to hire you must suspect that the university where you get your degree is degree-mill or you telling a lie ?! You cannot be believed.
Fortunately, Japanese science education is very good.
NOTE4: In this class, you absolutely need ability of mathematics for economic modeling, that is fairly different from mathematics for finance.
NOTE 5: Japanese language inefficiency and peculiar Japan: Because finance study and finance in Japan are still limited to "imported study" from US and Europe. in Japan, graduate school level study usually uses English textbooks or English academic journal papers or Japanese translated text from English. However, class room language is Japanese including presentation handout that students must make. That is because Japanese students are very poor at English, especially English conversation. So, Japanese translation must be intervened in all times in your study. That makes your finance study in Japan very inefficient.

Level of research and education of finance in Japan are far behind compared to U.S. and U.K. Finance study and finance practice in Japan are limited to "imported study" from US and Europe. So, you had better study finance in US Business schools. See below.
And the price level, the standard of living in Tokyo area is still the highest in the world cities. Yen exchange rate become high and high in the long term. Food and residential cost is crazily high in TOKYO area.
In additon, there is non-monetary barrier for foeigners in Japan. Japan is a very peculiar country, a very closed island country without openness. There is still discrimination for foreigners. Even if you have much money, Japanese owners of apartment flat usually refuse foreiners. Foreigner is very difficult to rent a room by himself or herself. Foreign student have to live in the universities' dormitories or house of host families, even worth, in contrast to American Universities that often have all students' capasity of dormitories, Japanese universities with poor budeget and very congested TOKYO never have enough capasity of dormitories. Only few per cent of students can enter dormitories.
Now Japan is very danger place for foreigners because Japan has become rappidly ultra right wing. Sightseeing and immigration are completely different. Even the right wing, sightseeing are welcome because of money revenue.
Average Japanese hold unhappyness and lost confidence after 25 years chronic depression, but Japanese have no idea what to do and do not know even the cause of it. So they vent their anger to the foreigners especially from Asia. So, they "kick the kick easy chair" in very negative way, there are many hate speeches in Japan, many discriminations, many bad bullying even among Japanese natives. I think it is very bad, but no one cannot stop peoples' phychology. It has passed the point of no return.
Although you may be difficult to see it by short time sightseeing, in Japanese net community, right wing has already got the overwhelming majority by use of jargon. Ultra right wing has grown via internet community without signature: in wonder, Japanese is very active in the "without signature" SNS, BBS activity, by contrast, in real life, most of Japanese are very shy and silent. Most of them are usually silent in real life, but most of them are unemployed and hold anger to foreiners who works hard with low wage and they have much time and make a hate speech in BBS or participate in hate demonstrations in the faceless crowd. Now per capita GDP in Japan is smaller than that in Singapore or Taiwan, Japanese real economic power has been severely declined. Japanese are irritated. Local newspapers repeatedly report and wish collapse of asian economies. New Ohkubo's foreign shop street become declined because of many times hate speech demonstrators of ultra rightwing. There is hate speech prevention act in 2016, but it has no penalty, so it has no effect. At Tokyo's governer's election a non-famous hate speacker got 117,000 who adovocate immigrants exclusion, even he has no back up of formal political party. But most of Japanese have complex to white people. Only white peoples are respected and very popular for love in Japan. Japanese are inclined to beat the weak people and use flattery to strongers, the white people.

Japanese consumption tax, which will be up to 10 Percent, are imposed on all food, that is very severe tax because food is the necessity for students and general people, in contrast, in European Countries and Canada, VAT tax is not imposed on food and chilren goods and education.
There are usually earthquakes in Japan everyday. The most aweful thing in Japan. http://www.jma.go.jp/jp/quake/
And tokyo's summer is too severe to live. High temperature 35 degree and in additon!, Japanese summer is unconfortable because humidity level is also very, very high. What is even worse, many people die from heat stroke every year. Tokyo's people sweat a lot only for a walk between buildings. Tokyo's summer is more unconfortable than Singapore, right on the equator, but less humidity. That is because heat island phenomenon, Tokyo is surrounded by concrete buildgings. There are less parks, river and canal left in Tokyo. Recently, in the evening, there are many concentrated heavy rains. Trains stop.
In the fall, typhoons attack Japan with heavy rains. Air planes stop and many inconvenience. And tokyo's winter is too dry to live. It is drier than Cairo, the desert African Egiptian capital city. It makes Women's skin get old severely.
In the winter, to March, tokyo's air polution is very severe. PM2.5 is flowed from west, that is said to cause cancer. There are many allergy to pollen and many allergy in TOKYO. Many people usually wear white mask.
You and Japanese residents cannot enjoy the genuin SUSHI food in TOKYO because TSUKIJI FISH MARKET moves to TOYOSU that is chemically polluted heavyly in the times of the facotory. If you get it, you will be ill. And more, socially, in TOYOSU problem, there is 8000000000 yen level corruption. Japan is very poor at democracy. So the real Japan is dirty, dirty, and DIRTY ! Do not illusioned by superficial sightseeing !
In school system, you HAD BETTER study finance directly in U.S. as an undergraduate. Finance research level at Japanese Univerity is far behind the global level. Even if nominally in system, it is said that you can get the degree by only taking Enlgish spoken couses, really, Japanese professor's English is very poor and noisy. You cannot get real contents of finance. It will be lost of your time and money.
If you go to U.S. graduate school as a bachelor, you need only one academic recommendation letter (in case, one company boss's recommendation letter in addition). But if you once go to master program in Japan, in case from graduate school to graduate school, you need THREE academic recommendation letters, it is very hard because in graduate level, it is very difficult to get high grade recommendation from professors. The professors who write recommendations must be internationally well-known in academic research. Quality of recommendation is very important for U.S. top school. Not only that you get high evaluation, but also the writer's academic position in international academics must be high, that is, the professors must be continue to be active in International finance academy.
And even worse, most of Japanese graduate schools have not got the international accreditation, so you cannot count the credits transfer got in the Japanese master program to the U.S. graduate school. You must start as a first year in US.
And to enter the US top graduate school, it would be short cut if you enter in undergraduate level in the continuation. US university has very flexible, for example, even if you enter the agricultural university in US, if you get the excellent grade, you can enter into Stanford University at third year,
And you may go to Canadian undergraduate business school because no SAT exam is needed, national university with low tuition, the best for immigration, the universities have many internship programs with real companies, so employment rate is very high. Canada is a country of immigration and English language spoken. See below, York University, in detail. You can get two years priority work permit VISA after you have graduated from Canadian University.
To go to English educated graduate schools, you have to get high score in TOEFL test, Harvard Business school alumni recommend the follwoing TOEFL books with CD audio.
1) Longman Preparation Course for the TOEFL Test Preparation Course: iBT (2E) by Phillips
2) Official Guide to the TOEFL Test With CD-ROM, 4th Edition (Official Guide to the Toefl Ibt)2012/8/8 Educational Testing Service
3) for Japanese students for outbound study abroad.
TOEFL test EITANGO 3800, 4th edition, OUBUNSHA, 2014.

List of finance specialized graduate school
1) Wealth Management Institute in Singapore. (WMI)
Very unique business school that is specialized in practical finance and Wealth Management. It seems to be the optimal school for those who would become fund manager, financial analyst, trader, dealer, and private banker because its education is very, very practical.


2) Another private banker education program is Swiss Finance Institute. Swiss is the top country of private bank. There is also PhD program.
Swiss Finance Institute

3) Golden Gate University, in San Francisco in US
very practical, Master of Finance, Financial analyst, fund manager program. There is also online distant learning program.

4) Wharton School of Business in Philadelphia.
Business School specialized in finance area. There are strong hungry spirits, study even in holidays to beat Harvard!
5) Stern School of Business, New York University. It is located in the center of New York, that has Wall Street, the world financial center. It is called Business School of Wall Street. Many Wall Street practitioners come to teach here. It teaches the latest and practical matter in finance.

Two business school famous for their unique finance practical programs, in which students can make your portfolio in REAL BIG MONEY (that comes from donation and sponsoring) as fund managers!!
6) MBA in Applied Security Analysis Program (ASAP), Wisconsin School of Business


7) The Carlson Funds Enterprise, The Carlson School of Management at the University of Minnesota
In the US, other business school have real money investment program with rich money without mentioned. For example, https://www.brandeis.edu/global/"> Brandeis University International Business School in Boston.
In contrast, I never heard of Japanese university with such a practical investment management project because Japanese universities have poor money, less donation, either national or private.
Therefore, you HAD BETTER study finance directly in English even in Asian campus of U.S. and U.K. and European Universities.


one of the top U.S. Business school Chicago Business School Singapore Campus. Chicago Business School is famous for its competency in finance area.

one of the top International Business school INSEAD (French, but all classes are talked in English.) Singapore Campus.

U.S. one of the top school Yale University Singapore Campus.

U.S. one of the top school Duke University Singapore Campus. New link to new site.

one of the top schools U.K. Nottingham University Malaysia Campus.

Monash University Malaysia, superb of the Capital city Kuala Lumpur, All classes in English
Australian Melbourne based excellent university Monash University has also campus in Asia.

Singapore, the financial center city, originally has founded very competitive business schools.
NUS Business School MBA course.
Singapore National University's Business School has overwhelming facilities for study, compared to Japanese Universities that are very poor. Singapore National University has full of money and scholar ship without refund type, from all Asian capitalists funding among Taiwan. You can go to India as a business internship with business class air ticket and four star hotel accommodations!
Singapore National University is higher than Tokyo University in ranking. NUS has alliance with Harvard University.

There are many good business schools in Hong Kong. HKUST Business School and CEIBS become more and more popular. Their world ranking become up and up. They have close connection with UBS bank and Morgan Staley and Microsoft
And now many, many Asian elites are gathering to Australian Universities, because of its close geography, and its English high quality education and low tuition to U.S. University.
Australian Graduate School of Management (AGSM, Univ of New South Wales)
It is the first rank business school in Asia-Pacific region (included Japan). There are many Asian elite students. Other Australian and New Zealand Business School have high rank and good education training.
Univ of New South Wales Master of Finance Program There is neither nuclear power plant nor possibility of big earthquake in Australia.

Now, there are world top rank English based Business Schools in China Mainland.
In addition, you have a chance to learn live Chinese language. Chinese Language is very difficult to learn because of pronunciation, that is, Chinese language has four or five sound tones, and sound tone is different from intonation of European Languages. You must learn over five thousands characters. The author of "Investment Biker", Jim Rogers had moved to Singapore from NY for his daughter to learn Chinese, 21st century's main language.
1) Pecking University HSBC Business School (Beijing University)
[HSBC is the top banking corporation in the world, based in U.K. London.] All classes are taught in English. Almost all teaching staffs have PhD in U.S. and European Universities. This fact is superior to any Japanese University.

2) Tsinghua University Business School
Tsinghua University is called the top graduate school in various research areas in China. Many courses are talked in English.
There is Master of Finance Program.
Tsinghua University Economics and Management School has relation with U.S. MIT Sloan Business School.
Tsinghua University has alliance with U.S. Harvard Kennedy School.
Tsinghua University English web page
3) Fudan University Finance Department in Shanghai
In china, they say South China's Shanghai Fudan University ranks with North china's Pecking (Beijing) University.
Fudan University's Finance Department is the one of Nation's Strategic Field.

Fudan University English web page

New York University, Shanghai Campus

By contrast, there is no formal business school campus of US top schools in TOKYO because of excessive regulation for foreign university and too high operation cost in Tokyo. Japan is much closed society.

Links for DAIGAKUIN Graduate Finance Programs

Of course, you should study business management in general at U.S. U.K. top business school. U.S. top level business schools are very high in education level and practical training, in which you can get not only MBA (Master of Business Administration) but also DBA (Doctor of Business Administration).

Harvard Business School in Boston.
All mighty no. 1 business school famous for its case method.

In Japan, there are fewer entrepreneurs in young generation and very fewer mentors. Japanese younger generations take no risk to be a big comany's employee. Becaue of choronic depression, very few can success in money making, with probability about 1/1500. There is less venture capital and angels in Japan.
If you want to be an entrepreneur (if you want to found a venture company), you had better go to USA. One of the best business schools is Babson College.
This small school is specialized in entrepreneurship and business training.
Rather than one-way lectures, but training instructed by actively working real succeeded CEOs. Human connection for venture companies is wonderful. This business school is not mass production. Large campus in the superb of Boston. Rich and rich.
There is also undergraduate program.
link to an unofficial information about Babson College in Japanese language. Information for life in Boston.

There are other competitive Business Schools for entrepreneurship.
University of Michigan, Ross School of Business. Top rank in US in entrepreneurship area.
There is Samuel Zell & Robert H. Lurie Institute for studying entrepreneurship.
Univerisity of Colgate University is Liberal-arts College with small-group instruction.
It has link to Thought Into Action: the Incubation institution and fund for entrepreneurship.

I recommend you Canadian Universities because almost all universities are national-owned, so tuitions are pretty low, but education level is very high quality. Canada is the beautiful English native country, applicable to the world.
And Canada, that is a country of immigrants from the start, is the best target country of migration for Asian people.
Now the liberal party administration begins to enlargement migration. Canada PM Trudeau increased the budget of childcare. Canada has the second largest land in the world, but the population is only 30,000,000. This administration hired the Indian rooted person for IT minister. The number of ministers is the same between male and female.

The above mentioned Undergraduate Business School without SAT exam, low tuition, with many case method educations. They are the best for foreign students who wish immigration, because they have many, many good internship programs with companies, so employment rate is said to be nearly 100 Per Cent!
1) York University, Schulich School of Business
York University is the middle size excellent school in Canada. Student ratio is very good. It means you must study hard.
York University Undergraduate Business Program. Three years Program.
York University Internship Program, above mentioned
2) Undergraduate Business Program University of Western Ontario (UOWO)
University of Western Ontario, Ivey School of Business, Undergraduate Program

Rotman School of Business, University of Toronto
Toronto is said to be a New York in Canada. The max city in Canada, financial and entertainment business. Toronto is the third largest financial city in North America, after NY, Chicago in US.

McGill University is one of the top three famous in Canada.
Sauder School of Business | University of British Columbia, Vancouver
University of British Columbia is the best school in Vancouver, West coast Canada. It is very near from city centre, but the campus is huge with golf course. Vancouver city is full of Chinese people in the midst of West Coast Canada. There are two China towns, one is downtown, the other is in Richmond.
Simon Fraser University is the high quality university in Vancouver.
In UK, Mater Degree can be got in one year. There are also one year Master of Finance programs. And British Pound exchange rate was down to the historica level, this is the chance to study in U.K.
London Business School, LBS. Too famous!


Cass School of Business, London City University's Business School. It is located in the center of City of London, the world financial center. It teaches practical matter in finance.

Master of Finance, Reading University.
It is located in the west of London. It has very deluxe cyber trading room.

Other General Top level Business Schools
Stanford Business School
It is the PART of Silicon Valley, the world's high-tech area.

Hass School of Business, University of U.C. Berkeley.
It is close to Silicon Valley. It is the top star of state universities in U.S. The tuition is a little cheaper in the US. Harvard and Stanford are the private universities.

Kellogg School of Business, Northwestern University.
Kellogg School is famous for its competence of marketing area. It is located in Evanston city, north of Chicago, deluxe residential area.

Chicago Business School, Chicago University.
It also has an Asian Campus in Singapore. See above.

Tuck School of Business, Dartmouth College.
Columbia University Business School.
New York.
MIT Sloan School of Management in Boston. Very, very excellent MIT's business school.

Darden School of Business, University of Virginia
Like Harvard, this business school is famous for its case method.
Fuqua School, Duke University
It is academically famous for its high-frequency data financial econometrics.

Yale University, Business School.

Johnson School of Business, Cornell University

UCLA Anderson School of Management.
Los Angels.

Marshall School of Business, USC (University of Southern California) Los Angels.
Foster School of Business, University of Washington.
Seattle, West Coast of US. Seattle is the city of entrepreneurship in which Microsoft and Starbucks Coffee were founded. There is also Undergraduate Program.
Princeton University and Brown University are persistent in academics, so there is no business school there.
Baruch College of The City University of New York
Public University in the New York City
The State University of New York at Stony Brook
Public University in the New York State.
France. ISEAD, the top International Business school in European Continent.
It locates in Paris superb, in the excellent environment among forest. but all classes are taught in English.
HEC business school in Paris.
IESE in Barcelona, Spain. The first MBA program in Europe.
http://www.iese.edu/en/index-default.html

Stockholm School of Economics

OSLO Business school

Copenhagen Business School


Japanese business schools.
Hitotsubashi Univ. Center for Financial Engineering Education 2008 new program. ( Hitotsubashi is a national university, so tuition is very cheep. ) This program is initiated by Graduate School of Economics Hitotsubashi Univ.
Contrary to U.S.A, national universities such as Hitotsubashi, Kobe, Kyoto, Osaka, Tokyo, Titech, are superior to private universities in Japan with cheap tuitions.
Hitotsubashi Univ. 2007 new H-MBA Finance Program (in English)
(Hitotsubashi is a national university, so tuition is very cheep. ) This program is initiated by Graduate School of Commerce Hitotsubashi Univ.
Hitotsubashi Univ. 2007 new H-MBA Finance Program (in Japanese)
(Hitotsubashi is a National University, so tuition is very cheep. )
Prof. Misumi

Hitotsubashi Graduate School of Commerce and Management English page

Hitotsubashi Graduate School
Prof. Iwaisako (Harvard PhD)

Hitotsubashi ICS MBA Financial Strategy Program (in English)
(Hitotsubashi ICS MBA is famous for its high level education on Mathematical Finance, Financial Engineering and ``quants''. Hitotsubashi is a National University, so tuition is very, very cheep. Hitotsubashi ICS is specially located at KUDAN, very near to center of Tokyo city and Tokyo financial District. Its school building is very, very deluxe with relax facilities and sports jim for students. Above Hitotsubashi MBA graduate schools are located in KUNITACHI city, very sophisticated suburb of TOKYO. )
NUCA
NUCA MBA program, double accredited internationally. You can get MBA in TOKYO only in the weekend. Also in Nagoya city.

Kobe University MBA (in Japanese)
Kobe Univ. is also a National University, so tuition is very cheep. The first business school in the west district of Japan.
In western Area of Japan, there is less radioactive pollution than in Tokyo or Eastern Japan.
Waseda Business School, Graduate School of Business and Finance starts in 2016.
Waseda Univ. Graduate School of Finance and Waseda Business School(WBS) are unified as above. More comprehensive education is expected. Waseda finance school is famous for its practical finance education and excellent professors; e.g. IKEDA, OHMURA and so on).
Keio Business School (in English) The oldest and most famous business school in Japan. Harvard style ``case method''. Its education quality is guaranteed by its being accredited by US AACSB ( The Association to Advance Collegiate Schools of Business).
Finance Prof. Obata's web site

Yokohama National University Business School;in Japanese Yokohama is the 2nd largest city next to Tokyo; that is well known for fashionable port city.


APPENDIX: Record of my educations both Undergraduate and Graduate
Ohara's Class 2016:
Graduate Monetary Theory Monetary philosophy. (NOT finance); (zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) 117 students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) 97 students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 25 students (no foreign student)

Ohara's Class 2015:
Graduate Monetary Theory Monetary philosophy. (NOT finance); (zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) 164 students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) 150 students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 24 students (no foreign student)
Ohara's Class 2014:
Graduate Monetary Theory Monetary philosophy. (NOT finance); (zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) 175 students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) 150 students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 25 students (no foreign student)

Ohara's Class 2013:
Graduate Monetary Theory Monetary philosophy. (NOT finance); (zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 25 students (no foreign student)

Ohara's Class 2012:
Graduate Monetary Theory (NOT finance); (zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) 185 students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) 220 students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 18 students (no foreign student)


Class 2011:
Graduate Monetary Theory (NOT finance); (zero student not open)

Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) 209 students
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) 175 students
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 18 students (no foreign student)
Undergraduate Seminar 4th Grade 25 students (no foreign student)

Class 2010:
Graduate Monetary Theory (NOT finance); (zero student not open)

Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students)(231 students)
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) (163 students)
Undergraduate Seminar ``FP'' 2nd Grade (20 students (no foreign student)
Undergraduate Seminar 3rd Grade (25 students (no foreign student)
Undergraduate Seminar 4th Grade (22 students (no foreign student)

Class 2009:
Graduate Monetary Theory (NOT finance); (zero student not open)

Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students)(564 students)
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students) (184 students)
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 24 students (no foreign student);
Undergraduate Seminar 4th Grade 25 students (no foreign student)
Class 2008:
Graduate Monetary Theory (NOT finance);(zero student not open)
Undergraduate Lecture Principles of Monetary Theory A, B (Introductory Lecture for 1st and 2nd year students) (new!)
Undergraduate Lecture Monetary Theory A, B (for 3rd and 4th year students)
Undergraduate Seminar ``FP'' 2nd Grade (24 students)
Undergraduate Seminar 3rd Grade 25 students (no foreign student)
Undergraduate Seminar 4th Grade 12 students (no foreign student)
Graduate Monetary Theory
Class 2007:
Graduate Monetary Theory seminar (zero student not open) (NOT finance);
Undergraduate Lecture Monetary Theory A, B
Undergraduate Seminar ``FP'' 2nd Grade 25 students (no foreign student)
Undergraduate Seminar 3rd Grade 15 students (no foreign student)
Undergraduate Seminar 4th Grade 2 students (no foreign student)
Graduate Monetary Theory

Class 2006: Graduate Monetary Theory (NOT finance);(zero student not open)
Monetary Theory I, II
Undergraduate Seminar (no foreign student)
Monetary Theory Section II (part time night program) (no foreign student)
Undergraduate Seminar Section II (part time night program. Caution: now night part-time program was closed.
Class 2005: Monetary Theory I, II
Undergraduate Seminar 16 students (no foreign student)
Monetary Theory Section II (part time night program)
Undergraduate Seminar Section II part time night program 2 students (no foreign student)
Class 2004: Monetary Theory
Undergraduate Seminar I 15 students (no foreign student)
Monetary Theory Section II (part time night program)
Undergraduate Seminar II 6 students (no foreign student) (no foreign student)

Class 2003: Monetary Theory
Undergraduate Seminar I 12 students (no foreign student)
Monetary Theory Section II (part time night program)
Undergraduate Seminar II 10 students (no foreign student)
Class 2002: Monetary Theory.
Undergraduate Seminar I (15 students (no foreign student)
Monetary Theory Section II (part time night program)
Undergraduate Seminar II (4 students (no foreign student)
Class 2001: Monetary Theory.
Undergraduate Seminar (14 students (no foreign student) Monetary Theory Section II (part time night program)
Undergraduate Seminar II (3+1 students (no foreign student)
Class 2000: Monetary Theory Lecture
Monetary Theory Section II (part time night program)
Readings in Monetary Theory for Japanese students (no foreign student)
Class 1999: International Monetary Macro
English Readings in International Monetary Economics
Readings in Monetary Theory section 2;for Japanese students, for third year students. (no foreign student)
Readings in Monetary Theory section 2;for Japanese students, for fourth year students. (no foreign student)
Class 1998: International Monetary Macro Section 2
English Readings in International Monetary Economics
Readings in Monetary Theory section 2; for Japanese students, for third year students. (no foreign student)


c.v.