As is generally known, activities such as finance and insurance expand in mature economies. This is clearly reflected in recent economic trends in developed countries and has become an important issue to prepare for risks in the Japanese economy, where not only businesspersons and policymaking officers, but also ordinary persons who manage households must understand various problems in finance. A number of policies to aid them in doing so have therefore been tried. Still, it is indisputable that priority should be given to the educating and training of individuals familiar with leading-edge knowledge of finance.
Under these circumstances, Osaka University will establish the Center for the Study of Finance and Insurance in April 2006. This interdisciplinary center will be established jointly by the University's four graduate schools the Graduate Schools of Engineering Science, Science, Information Science and Technology, and Economics. The Center will mark the beginning of a unique interdisciplinary organization for new research and education not only in Osaka University, but also in universities throughout the country.
At Osaka University, in the Graduate Schools of Engineering Science, Science, and Information Science and Technology, professors in various fields of study, ranging from mathematics and probability theory to information theory, engage in cutting-edge research in their own fields, while also working on applications for use in finance and actuarial science. Likewise, in the Graduate School of Economics, professors engage in broad and advanced research and education, ranging from macro-financial economics to general financial theory. The Center's objective is to establish, with the cooperation of those professors, the world's most advanced research and educational site.
The Center is planning not only to carry out innovative research, but also to design a wide variety of original educational courses. For example, the Center will offer special courses with interdisciplinary viewpoints integrating social and natural science courses not offered in other business schools and will adopt a system in which businessmen and working people can select courses and instructors according to their individual needs and interests.
I should note, with great appreciation, that the Ministry of Education, Culture, Sports, Science and Technology well understood the purpose of the Center and made a commitment to strongly support the Center's establishment in academic year 2006.
I would like to sincerely ask those involved for their generous understanding as to the purpose of the Center, and for their warm assistance regarding its future efforts.
Trustee/Vice President, Osaka University