The Tokyo Foundation for Policy Research is a public policy think tank aiming to (1) conduct rigorous, high-quality research, (2) pursue its activities from an independent and not-for-profit viewpoint, and (3) change society for the better by offering a broad range of policy options. At the same time, we develop socially engaged leaders with outstanding academic credentials who are capable of transcending differences in an increasingly divisive world.
The Foundation was founded in 1997 with the support of the Nippon Foundation to fill a gap in Japan for an independent, world-class think tank. Known for most of the past two decades as the Tokyo Foundation, we evolved into one of the country’s largest and most prominent think tanks. We have had substantial impact on government policy, and many of our research fellows have gone to become eminent scholars and practitioners in the field of public policy.
To commemorate our twentieth anniversary, in fiscal 2017 we undertook a reorganization, renaming ourselves “The Tokyo Foundation for Policy Research.” The new name demonstrates our resolve to enhance our presence in the global think tank community by conducting high-quality, data-driven research resting on sound theoretical foundations.
We seek to offer viable alternatives to the policies being implemented by the government, creating competition among policy options and giving voters greater choices on the course the nation takes. By also developing the next generation of leaders, the Tokyo Foundation for Policy Research is laying the groundwork for a healthier, more effective democracy.
Policy research at the Tokyo Foundation for Policy Research is defined by the following qualities, enabling us to offer viable alternatives to government policy.
Independent and Not-for-Profit Status
Research activities are funded with income earned from investing our endowment. This allows us to maintain our independence and to pursue research with no strings attached. Such financial independence is rarely seen in Japan or among major think tanks around the world.
Data-Driven and Theory-Based Research
We are not an advocacy organization. We offer optimum policy proposals based on data-driven research resting on sound theoretical foundations. Researchers can tap the resources of our in-house Policy Data Lab, which collects, organizes, and analyzes various data; implements large-scale surveys, and uses machine learning to conduct research and various experiments.
Independent Research Units
Research activities are being centered around research units, whose leaders are given broad discretion in the choice of research themes and use of research funds, encouraging free and innovative policy research. English is a second official language in the office to facilitate the participation of researchers from around the world.
Focus on Emerging Global Issues
Japan is at the forefront of many emerging global issues—an aging, dwindling population; the uncertain future of nuclear energy; the rise of China—which cannot be effectively addressed with existing measures or by mimicking the policies of other governments. The Tokyo Foundation for Policy Research seeks to offer innovative policy options to meet these emerging challenges.
Impact on Policy
It is the mission of think tanks to convert the findings of policy research into concrete policy proposals. We will “translate” the conclusions of exacting research into language that the lay person can understand, operating as a “think-and-do tank” to encourage the adoption of our proposals by policymakers. In addition to building close networks with politicians, bureaucrats, journalists, and other policy experts, we will use the Internet and other channels to reach out directly to public opinion.
Rigorous System of Evaluation
Research fellows will be provided with an outstanding research environment, but they will also be subject to a rigorous system of evaluation. They will have access to funding with a high degree of freedom and support from members of the Policy Data Lab and administrative staff. As a rule, though, they will be hired on a tenure-track system, and their output will be closely scrutinized by a panel including external experts.
Economic Policy Studies
One of our missions is to identify and nurture leaders of the future, both in Japan and around the world. We undertake three programs to develop outstanding human resources capable of seeing issues from a broad perspective and creatively pursuing the right path.
The program provides fellowships to young, highly promising Japanese national who can be expected to make major contributions in the field of policy research. They will receive supervision from experts at the Tokyo Foundation for Policy Research for up to five years to gain a grounding in public policy and be offered opportunities for collaborative research with experts from around the world and in conjunction with government policymakers. The program will be implemented for a period of 16 years.
https://www.tkfd.or.jp/about/fellowship (Japanese only)
The Ryoichi Sasakawa Young Leaders Fellowship Fund (Sylff) is a global fellowship program for graduate students in the humanities and social sciences at 69 universities in 44 countries aimed at nurturing leaders who will initiate action to transcend differences and address issues confronting contemporary society. In 2017, the Sylff Association was launched to strengthen ties among all stakeholders. The more than 16,000 students who have received fellowships to date continue to be eligible for additional support from the Association.
The Nippon Foundation Fund for Japanese Language Education Program (NF-JLEP) promotes Japanese-language education at 11 universities in six countries through the training of Japanese-language teachers and provision of fellowships to students pursuing Japanese-related studies. In 2017, the NF-JLEP Association was launched to strengthen ties among all stakeholders, enabling the 1,600-plus fellows to receive additional support aimed at deepening their understanding of Japan and promoting cross-border networking.
Established in 1997, the Tokyo Foundation for Policy Research is an independent, not-for-profit think tank that examines critical issues confronting society from a neutral and impartial standpoint; undertakes rigorous, evidence-based research; and offers a range of policy options in pioneering paths to a brighter future. We also cultivate broadminded, socially engaged future leaders, both in Japan and overseas, and contribute to building a better society for all.
|Name||The Tokyo Foundation for Policy Research|
|Established||July 1, 1997 (certified as a public interest incorporated foundation on April 1, 2010)|
|Total Net Worth||56,309,840,000 yen (as of March 31, 2018)|
|Fiscal 2018 Operating Budget||1,374,300,000 yen|
The Tokyo Foundation for Policy Research was founded on July 1, 1997, as the “Global Foundation for Research and Scholarship” with donations from the Japanese Shipbuilding Industry Foundation (now the Nippon Foundation) and Japan’s boat-racing industry following authorization by the Minister of Transport (now the Minister of Land, Infrastructure, and Transport).
We became the “Tokyo Foundation” in May 1999 to give a clearer regional orientation to our policy research and leadership development activities and emerged as a public interest incorporated foundation on April 1, 2010, following authorization by the Cabinet Office in March 2010. Building on two decades as Japan’s preeminent think tank, we renamed ourselves “The Tokyo Foundation for Policy Research” in February 2018 as our next step in our evolution into a world-class institute of policy research.
Registered on April 1, 2010
Revised on February 15, 2018
Chapter 1. General Provisions
Article 1. The name of this public interest incorporated foundation shall be “The Tokyo Foundation for Policy Research” (hereinafter referred to as the “Foundation”).
Article 2. The Foundation shall have its principal office in Minato-ku, Tokyo.
Chapter 2. Objectives and Activities
Article 3. The objectives of the Foundation shall be to make contributions to the development of Japan and the world through analyzing society from an independent standpoint, conducting surveys and research and thereupon providing policy recommendations on various problems, as well as, fostering of human resources that will contribute to society with a broad perspective.
Article 4. In order to achieve the objectives set forth in Article 3, the Foundation shall conduct the following activities:
(1) Conduct surveys and research and provide recommendations on policy issues;
(2) Find and develop human resources that will contribute to society and help facilitate networking;
(3) External relations activities with the view of making the policy recommendations and human resource development etc. implemented; and
(4) Other activities necessary for achieving the objectives of the Foundation.
Chapter 3. Assets and Accounting
(Classification of Assets)
Article 5. The assets of the Foundation shall consist of two types of assets: the Basic Assets and the Other Assets.
(1) Assets specified as the Basic Assets by a resolution of the Board of Directors; and
(2) Assets donated as the Basic Assets on or after the date on which the Foundation transformed into a public interest corporation.
Article 6. The fiscal year of the Foundation shall commence on the first day of April each year and end on the last day of March the following year.
(Activities Plan and Income and Expenditure Budget)
Article 7. The President shall be responsible for (i) preparing for activities plan, income and expenditure budget, and other related documents (hereinafter collectively referred to as the “ (Activities Plan etc.”) of the Foundation for the coming fiscal year, (ii) having the Activities Plan etc. approved by the Board of Directors, and thereupon (iii) reporting the Activities Plan etc. at the Board of Trustees on or before the day immediately prior to the first date of each fiscal year. The same procedures shall be taken when any of the Activities Plan etc. once approved are to be revised.
(Activity Report and Financial Statements)
Article 8. The President shall be responsible for (i) preparing for the documents listed below (hereinafter collectively referred to as the “Financial Statements etc.”) as for activities report and financial results of the Foundation during a fiscal year upon close of each such fiscal year, (ii) causing the Financial Statements etc. to be audited by the Auditors, (iii) causing the Financial Statements etc. (excluding the documents listed in Items (1) and (2) below) to be audited by the Accounting Auditor, thereupon (iv) having the Financial Statements etc. approved by the Board of Directors, and further thereupon (v) reporting the Financial Statements etc. at the annual meeting of the Board of Trustees:
(1) Activity report;
(2) Annexed detailed statements of the activity report;
(3) Balance sheet;
(4) Profit and loss statement (statement of changes in net assets);
(5) Annexed detailed statements of the balance sheet and the profit and loss statement (statement of changes in net assets); and
(6) Inventory of assets.
(1) Audit report;
(2) Accounting audit report;
(3) A name list of Directors, Auditors and Trustees;
(4) Documents stating the standards for payment of remuneration to Directors, Auditors and Trustees; and
(5) Documents stating an outline of the status of their operational organization and activities, and important figures related thereto.
(Calculation of the Remaining Amount of the Public Interest Purposes Acquired Property)
Article 9. In each fiscal year, the President shall calculate the remaining amount of the public interest purposes acquired property as of the last day of the relevant fiscal year pursuant to the provision of Article 48 of the Ordinance of the General Incorporated Act, and record such amount in the document listed in Article 8, Paragraph 4, Item (5).
Chapter 4. Trustees
Article 10. The Foundation shall have three (3) or more and not more than seven (7) Trustees.
(Appointment and Dismissal of Trustees)
Article 11. Trustees shall be appointed and dismissed by the Trustees Appointment Committee.
(1) A person who executes the activities or an employee of the Foundation or its related organization (including a key partner thereof or an organization with a vested interest therein; the same applies hereinafter);
(2) A person who has once fallen within Item (1) above; and
(3) A spouse, relative within the third degree of kinship or employee (including former employee) of a person listed in Items (1) or (2).
(1) Candidates’ backgrounds;
(2) Reasons for nomination as candidates for Trustees;
(3) Candidates’ relationship with the Foundation and its officers (Directors, Auditors, and Trustees); and
(4) Candidates’ concurrent positions.
(1) That such nominee is a candidate for a Substitute Trustee;
(2) When a candidate is to be appointed as a Substitute Trustee substitute for one (1) or more specific Trustees, such effect and the name(s) of the specific Trustees to be substituted; and
(3) When two (2) or more Substitute Trustees are to be appointed as substitute for the same Trustee (in the case where they are to be appointed as substitute for two (2) or more Trustees, those Trustees), the priority order among those Substitute Trustees.
(Term of Office)
Article 12. The term of office of a Trustee shall be until the conclusion of the annual meeting of the Board of Trustees held for the last fiscal year that ends within four (4) years from his/her appointment.
(Remuneration etc. for Trustees)
Article 13. The Foundation shall pay remuneration to Trustees in the amount calculated in accordance with the standards for payment of remuneration separately established by the Board of Trustees and within the limits of 500,000 yen in total per each fiscal year. The actual expenses incurred by a Trustee in carrying out his/her duties (such as transportation costs) may be reimbursed by the Foundation.
Chapter 5. Board of Trustees
Article 14. The Board of Trustees shall be composed of all Trustees.
Article 15. The Board of Trustees will decide the following matters:
(1) Appointment and dismissal of Directors, Auditors and Accounting Auditor;
(2) Amount of remuneration for Directors and Auditors;
(3) Standards for payment of remuneration to Trustees;
(4) Amendments to these Articles of Incorporation;
(5) Disposition of residual assets;
(6) Approval of disposition of the Basic Assets and removal of assets from the Basic Assets; and
(7) Other matters to be resolved by the Board of Trustees as provided by the laws and regulations or by these Articles of Incorporation.
(Convening of Meetings)
Article 16. An annual meeting of the Board of Trustees shall be convened once a year within three (3) months from the end of each fiscal year, and other meeting of the Board of Trustees shall be also convened from time to time, whenever necessary.
Article 17. The President shall convene meetings of the Board of Trustees in accordance with a resolution of the Board of Directors, except as otherwise provided by the laws and regulations.
Article 18. Resolutions of the Board of Trustees shall be adopted by an affirmative vote of a majority of Trustees present at the relevant meeting, at which the majority of all the Trustees (excluding those who have a special interest in the resolution) are present.
(1) Dismissal of Auditors;
(2) Standards for payment of remuneration to Trustees;
(3) Amendments to these Articles of Incorporation;
(4) Approval of disposition of the Basic Assets and removal of assets from the Basic Assets; and
(5) Other matters provided by the laws and regulations.
Article 19. With respect to the proceedings of meetings of the Board of Trustees, minutes shall be prepared in accordance with the laws and regulations.
Chapter 6. Officers and Accounting Auditor
(Officers and Accounting Auditor)
Article 20. The Foundation shall have the following officers:
(1) Director: three (3) or more and not more than seven(7)
(2) Auditor: Two (2) or less
(Appointment of Officers and Accounting Auditor)
Article 21. Directors, Auditors and Accounting Auditors shall be appointed by a resolution of the Board of Trustees.
(Duties and Authority of Directors)
Article 22. Directors shall comprise the Board of Directors, and they shall carry out their duties in accordance with the laws and regulations and the provisions in these Articles of Incorporation.
(Duties and Authority of the Auditors)
Article 23. Auditors shall conduct an audit on the duties carried out by the Directors and, in accordance with the laws and regulations, prepare an audit report.
(Duties and Authority of Accounting Auditor)
Article 24. Accounting Auditor, in accordance with the laws and regulations, shall audit the Foundation’s balance sheet, profit and loss statement (statement of changes in net assets), annexed detailed statements for the balance sheet and profit and loss statement, and inventory of assets, and shall prepare an accounting audit report.
(1) If accounting books or related materials are prepared in the form of a document, that document;
(2) If accounting books or related materials are prepared in electromagnetic records, anything that displays the data in the electromagnetic records by a method stipulated by the laws and regulations.
(Term of Officers and Accounting Auditor)
Article 25. The term of office of a Director shall be until the conclusion of the annual meeting of the Board of Trustees held for the last fiscal year that ends within two (2) years after their appointment.
(Dismissal of Officers and Accounting Auditor)
Article 26. If a Director or Auditor comes to fall under any of the following conditions, the Director or Auditor may be dismissed by a resolution of the Board of Trustees:
(1) The Director or Auditor has violated or neglected his/her duties; or
(2) Due to a physical or mental disorder, the Director or Auditor is unable to perform his/her duties or is incapable of bearing the demands of his/her duties.
(1) The Accounting Auditor has violated or neglected his/her duties;
(2) The Accounting Auditor committed conduct unbecoming of an Accounting Auditor; or
(3) Due to a physical or mental disorder, the Accounting Auditor is unable to perform his/her duties or is incapable of bearing the demands of his/her duties.
Article 27. As remuneration, the Foundation may pay to Directors and Auditors in the amount calculated in accordance with the standards for payment of remuneration separately established by the Board of Trustees. The actual expenses incurred by a Director or Auditor in carrying out his/her duties (such as transportation costs) may be reimbursed by the Foundation.
Article 28. The Foundation may have several advisors.
Chapter 7. Board of Directors
Article 29. The Board of Directors shall be composed of all the Directors.
Article 30. The Board of Directors shall carry out the following duties:
(1) Determination of the Foundation’s activity operations;
(2) Supervision of the duties of Directors; and
(3) Selection and dismissal of the President and executive Directors.
Article 31. The President shall convene the meetings of the Board of Directors.
Article 32. The President shall chair the meetings of the Board of Directors.
Article 33. Resolutions of the Board of Directors shall be adopted by an affirmative vote of a majority of Directors present at the meeting, at which the majority of all the Directors (excluding those who have a special interest in the resolution) are present.
Article 34. With respect to the proceedings of meetings of the Board of Directors, minutes shall be prepared in accordance with the laws and regulations.
Chapter 8. Amendments to Articles of Incorporation and Dissolution of the Foundation
(Amendments to Articles of Incorporation)
Article 35. These Articles of Incorporation may be amended if approved at the meeting of the Board of Trustees by at least two-thirds of Trustees entitled to participate in the resolution.
Article 36. The Foundation shall dissolve if the Foundation comes to be unable to achieve the objectives in the activities due to extinguishment of the Basic Asset, or if any of the dissolution events stipulated by the laws and regulations occurs.
(Donations Associated with Cancellation etc. of Public Interest Corporation Authorization)
Article 37. In the event that the public interest corporation authorization to the Foundation is cancelled or the Foundation is to be extinguished due to a merger (except in cases in which its rights and obligations are assumed by a public interest corporation), the Foundation shall donate, upon obtaining an approval by the Board of Trustees, the assets equivalent to the remaining amount of the public interest purposes acquired property to other public interest corporations having similar objectives of activity, the national government or local governments, or juridical persons as set forth in Article 5, Item 17 of the Act on Authorization of Public Interest Incorporated Associations and Public Interest Incorporated Foundations (hereinafter referred to as the “Act on Authorization”) within one (1) month after the date of cancellation of the public interest corporation authorization or the effective date of merger, as the case may be.
(Attribution of Residual Assets)
Article 38. The residual assets at the time of the liquidation of the Foundation shall, under a resolution of the Board of Trustees, be donated to other public interest corporations having similar objectives of activity, the national government or local governments, juridical persons as set forth in Article 5, Item 17 of the Act on Authorization.
Chapter 9. Method of Public Notice
(Method of Public Notice)
Article 39. Public notices by the Foundation shall be made by way of electronic public notice.
Chapter 10. Secretariat
Article 40. The Foundation shall have a Secretariat for the purpose of dealing with the Foundation’s administrative issue.
Yuko Takeuchi (Miyazaki)
Partial changes to these Articles of Incorporation shall come into effect on February 15, 2018.
As of July 1, 2019. Listed in alphabetical order.
President Izumi Kadono
Executive Director Sota Kato
Executive Director Sanae Oda
Nonexecutive Director Toshihiko Fukui, President, Canon Institute for Global Studies
Nonexecutive Director Masahisa Ikeda, Executive Group Partner, Asia Regional Managing Partner, and Head of Tokyo Office, Shearman & Sterling LLP
Auditor Kaoru Kashima, Certified Public Accountant
Auditor Kimito Nakae, President, Rokinren Bank
Reiko Akiike, Managing Director & Senior Partner, Boston Consulting Group
Motoshige Itoh, Professor, Gakushuin University; Professor Emeritus, University of Tokyo
Shin Kikuchi, Partner, Mori Hamada & Matsumoto
Reiko Kuroda, Designated Professor, Institute of Science and Technology Research, Chubu University; Professor Emeritus, University of Tokyo
Kazumasa Kusaka, President, Japan Economic Foundation
Masahito Monguchi, Adviser, Anderson Mori & Tomotsune
Takeju Ogata, President, Nippon Foundation
Yohei Sasakawa, Chairman, Nippon Foundation
Roppongi Grand Tower 34F, 3-2-1 Roppongi, Minato-ku, Tokyo, 106-6234, Japan