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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

西沢 利郎

教授 / Professor 西沢 利郎NISHIZAWA, Toshiro

Courses in AY 2024

  • 5122182 Japan's Modernization Experience and Its ODA Policy
  • 5123433 Sovereign Debt
  • 5140488 Case Study (Public-Private Partnerships)
  • 5140723 Case Study (Impact Investing Trends in Asia)
  • 5171107 Science and Technology Policy: Politics(Japan's Modernization Experience and Its ODA Policy)
  • 5179002 International Practical Research(Public-Private Partnerships)
  • 5123263-1 Asia's Geoeconomic Landscapes I
  • 5123264-1 Asia's Geoeconomic Landscapes II

略歴

1982年3月
東京外国語大学外国語学部スペイン語学科卒業
1984年3月
東京大学経済学部経済学科卒業
1984年4月
日本輸出入銀行入行 海外投資研究所配属
1985年
大蔵省財政金融研究所(現財務省財務総合政策研究所)非常勤調査員(兼職)
1987年7月
日本輸出入銀行人事部付(1988年8月米国ウィスコンシン大学マディソン校経済学修士号取得)
1988年7月
日本輸出入銀行営業第2部
1990年10月
外務省経済協力局国際機構課調査員(休職出向)
1993年7月
日本輸出入銀行営業第2部
1994年9月  
国際通貨基金(IMF)政策企画審査局エコノミスト(休職出向)
1998年1月
国際復興開発銀行(世界銀行)民間セクター開発局アドバイザー(休職出向)
1999年11月 
国際協力銀行国際審査部課長
2004年7月  
国際協力銀行国際金融第1部次長
2004~2008年
大阪大学大学院国際公共政策研究科非常勤招聘教員(兼職)
2006年10月 
国際協力銀行開発金融研究所次長
2008年9月  
日本政策金融公庫国際協力銀行外国審査部次長
2009年6月
財団法人国際金融情報センターアジア第2部長(休職出向)
2009~2015年 
大阪大学大学院国際公共政策研究科非常勤招聘教授(兼職)
2010~2013年
東京大学公共政策大学院非常勤講師(兼職)
2011年4月 
日本政策金融公庫国際協力銀行外国審査部長
2012年4月 
国際協力銀行外国審査部長
2013年7月
東京大学公共政策大学院教授
2013~2015年
財務省財務総合政策研究所特別研究官(委嘱)
2014年3月
チュラロンコン大学経済学部客員教授
2014年7月
ジェトゥリオ・ヴァルガス財団サンパウロビジネススクール客員教授
2015年7月
東京大学公共政策大学院特任教授
2015年7月
財務省財務総合政策研究所上席客員研究員(委嘱)
2019年4月
東京大学公共政策大学院教授

研究分野

アジア経済、新興諸国の開発と金融、官民連携、国家債務

Prof. Nishizawa has been actively engaged in policy dialogue and research activities with the main focus on emerging and developing economies in Asia. He has published a number of articles and written a chapter in a few publications on Asian economies, financing for development, Public-Private Partnerships (PPPs) and sovereign risk assessment.

Biography

Mr. Nishizawa has been a full-time faculty member of The University of Tokyo’s Graduate School of Public Policy (GraSPP) since July 2013 after serving as Director General of the Country Credit Department at the Japan Bank for International Cooperation (JBIC). He also served as Director of Asia Department II at the Japan Center for International Finance (JCIF) (2009-11); Deputy Director General of Country Credit Department at JBIC (2008-09); Deputy Director General of JBIC Institute (2006-08); and Deputy Director General of International Finance Department I (Asia and Oceania) (2004-06). While involved in JBIC's country operations, he served as Chair of the UNEP FI Asia Pacific Task Force Outreach Group (2005-06).
Early in his career, Mr. Nishizawa held various positions, including a loan officer at the Export-Import Bank of Japan, a researcher at the Economic Cooperation Bureau of the Ministry of Foreign Affairs, an economist at the Policy Development and Review Department of the International Monetary Fund (IMF); and advisor in the Private Sector Development Department of the World Bank.
Prof. Nishizawa has been actively engaged in policy dialogue and research activities in emerging and developing economies in Asia, most notably in Indonesia, Lao PDR, Thailand, and Vietnam. He has published many articles and written a chapter in a few publications on Asian economies, financing for development, Public-Private Partnerships (PPPs), and sovereign debt.
Mr. Nishizawa served as a guest lecturer and professor at the Osaka School of International Public Policy (OSIPP) of Osaka University (2004-14). He taught at Kobe University and Chuo University as a visiting lecturer. He was also a visiting lecturer to teach PPPs at GraSPP (2010-13) and invited as a visiting professor by Chulalongkorn University in Thailand and by the Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargas (EAESP-FGV) in Brazil, both in 2014.
He served as a member of the Expert Group on Financial Cooperation with Asian Countries under the Council on Customs, Tariff, Foreign Exchange and Other Transactions (2013-14) and has been a member of the IMF Study Group and a senior visiting fellow at Policy Research Institute (PRI) of Ministry of Finance (MOF).
He was also invited by the Japan International Cooperation Agency (JICA) to serve as a member of the Support Committee for the Project for Capacity Building of Public-Private Partnership in Mongolia (2014-15); the lead researcher of Working Group 1 (Fiscal and Debt Management) under Joint Policy Research and Dialogue Program for Fiscal Stabilization in Lao PDR (2018-2020); the chief advisor to Feasibility Survey for Micro Investment Crowdfunding to Support Local Micro Small and Medium Businesses in Peru (2018); and an economic policy advisor to the Ministry of Finance of the Republic of Maldives (2023-).
Prof. Nishizawa received “Foreign Minister’s Commendations for FY2022” for his outstanding achievements in international fields: “Since 2004, he has continued personnel exchanges with the National University of Laos, been involved in human resource development in the economic and public policy field in Laos, and led the compilation of policy proposals as the leader of the fiscal and debt management team in the Laos Joint Policy Research and Dialogue Program for Fiscal Stabilization.”
Mr. Nishizawa holds a BA in Latin American studies from the Tokyo University of Foreign Studies (1982), a BA in economics from the University of Tokyo (1984), and an MSc in economics from the University of Wisconsin-Madison (1988).
Mr. Nishizawa was born in Tokyo, Japan, in 1959 and is married with two children.
Contact information: tnishizawa-at-pp.u-tokyo.ac.jp *Please replace "-at-" with @.

Recent Media Appearances

Comments quoted in an article “Sri Lanka’s China ‘debt trap’ fears grow as Beijing keeps investing.” Nikkei Asia, January 2, 2024.
Comments quoted in an article “Laos is spiraling toward a debt crisis as China looms large.” CNBC, November 8, 2023.
Comments quoted in an article "'一带一路' 十周年: 中国在南美面临挑战 (10th Anniversary of the Belt and Road Initiative: China faces challenges in South America)." 关于美国之音 (Voice of America), October 18, 2023
Comments quoted in an article “China’s promise of prosperity brought Laos debt — and distress.” Washington Post, October 12, 2023.
Comments quoted in an article, "中老铁路没能带来中国人潮,却带来了中国地产公司与性产业 (The China-Laos Railway failed to bring Chinese tourists, but it brought Chinese real estate companies and the sex industry)." Radio Free Asia, September 28, 2023
Comments quoted in an article “2023 will be better, but not great, for Laos. The communist-run country faces economic and political challenges.” Asia Times, December 28, 2022.
Comments quoted in an article “Don’t like, don’t hate: Pragmatic Laos embraces China.” The Straits Times, September 5, 2022.
Comments quoted in an article “Will Laos default on its debt? The country’s finances are in trouble, but it may yet turn the corner.” The Economist, June 30, 2022.
Comments quoted in an article “Laos faces public backlash as economy teeters toward default.” Nikkei Asia, June 23, 2022.
「中国ラオス鉄道開業」週刊エコノミスト「世界経済総予測2022」2021年12月28日・1月4日合併号
Comments quoted in an article “China-Laos high-speed railway set to roll through COVID cloud.” Nikkei Asia, November 30, 2021
Comments quoted in an article about hidden debt controversy with the BRI by Deutsche Welle (DW), a Germany's international broadcaster, September 30, 2021
「不採算確実な中国ラオス鉄道 それでも敷設を進める事情」月刊Wedge「一帯一路大解剖」特集、2021年4月
Comments quoted in an article “Thailand challenges Laos dam building spree on Mekong River.” Nikkei Asia, January 30, 2021
An interview aired by The World, a US-based public radio’s global news program, on the topic of “a Chinese company’s control of an entire nation’s electrical grid in Lao PDR.” September 30, 2020
Comments quoted in an article “Laos faces sovereign default as forex reserves dip below $1bn.” Financial Times, September 3, 2020

Honors and Awards

2023 GraSPP’s Outstanding Professor Award 2023
2022 Foreign Minister’s Commendations for FY2022
2021 GraSPP’s Outstanding Professor Award 2021
2021 UTokyo President’s Award for Good Online Teaching Practice for AY2020
2020 GraSPP’s Outstanding Professor Award 2020

主要研究業績

“Australia as Japan’s regional partner of choice.” East Asia Forum, November 11, 2023. <peer-reviewed article>
https://www.eastasiaforum.org/2023/11/11/australia-as-japans-regional-partner-of-choice/
“China’s double-edged debt trap.” East Asia Forum, September 19, 2023. <peer-reviewed article>
https://www.eastasiaforum.org/2023/09/19/chinas-double-edged-debt-trap/
“Who’s trapped, debtor or creditor?” GraSPP Blog. May 2, 2023.
https://www.pp.u-tokyo.ac.jp/en/graspp-blog/whos-trapped-debtor-or-creditor/
“Creditors, politicians and ‘morons’: who’s really caught in the government debt trap?” in Special Report "Governments in the red" 360info, February 27, 2023
“Challenging times ahead for Laos’s new prime minister.” East Asia Forum, February 11, 2023 (peer-reviewed article)
“Claims of default in Laos are bankrupt.” East Asia Forum, August 25, 2022 (peer-reviewed article)
“Waking up from the Japanese debt dream.” East Asia Forum, August 10, 2022 (peer-reviewed article)
“Can the G20 shift the global debt finance landscape?” East Asia Forum, June 7, 2021 (peer-reviewed article)
「論説『一帯一路』を見る視点:ASEAN諸国の文脈で」、『SRIDジャーナル』第16号、2019年1月
“Infrastructure Investment and Finance in Asia.” Public Policy Review, Policy Research Institute, Ministry of Finance, Japan, Vol. 14, No.5 pp. 925-953, September 2018 (peer-reviewed)
「アジアのインフラ投資ファイナンス」『ファイナンシャル・レビュー』、財務総合政策研究所、2018年第1号(通巻第133号)、2018年3月(査読あり)
“Risks in Policy Prescriptions for the European Sovereign-debt Crisis: Muddling through or Trapped in a Vicious Circle?” EU Financial Market Focus, Korea Capital Market Institute (KCMI), July 2012
“Changes in Development Finance in Asia: Trends, Challenges, and Policy Implications.” Asian Economic Policy Review, Vol.6, Issue 2, pp. 225-244, Japan Center for Economic Research (JCER), Wiley-Blackwell, December 2011 (peer-reviewed)
「アジア債券市場への国際協力銀行の取組み」、小川英治編『アジア・ボンドの経済学―債券市場の発展を目指して』、東洋経済新報社、2009年5月
“Exploring the Use of Revenue Bond for Infrastructure Financing in Asia.” (with Hyun, Suk and Naoyuki Yoshino), Discussion Paper No. 15, JBIC Institute, July 2008
「マレーシア及びタイにおける日系中堅・中小企業の資金需要・調達の現状」、『開発金融研究所報』、国際協力銀行、2007年10月
「変貌を遂げるタイ経済―金融セクターの視点から―」(ピティ・ディスヤタットとの共著)、『開発金融研究所報』、国際協力銀行、2005年3月
「経済発展における外国資金の役割」(黒柳雅明との共著)、奥田英信・黒柳雅明編著『入門開発金融:理論と政策』、日本評論社、1998年2月
“Financing from Multilateral Institutions.”” Official Financing for Developing Countries (co-authored by IMF staff team), International Monetary Fund, February 1998
“Financing from Multilateral Institutions.” Official Financing for Developing Countries (co-authored by IMF staff team), International Monetary Fund, December 1995
「ブラジル経済の発展と産業政策:累積債務問題への政策的対応」、『海外投資研究所報』、日本輸出入銀行、1987年5月
「一次産品ブームと製造業部門の国際競争力低下:1970年代におけるコロンビア、ペルー、ベネズエラの経験」、『海外投資研究所報』、日本輸出入銀行、1986年4月