KEIO RESEARCHERS INFORMATION SYSTEM

Profile 【 Display / hide 】

Profile 【 Display / hide 】

• Professor at the Faculty of Policy Management, Keio University. Her research focuses on macroeconomics, monetary policy, digital payment systems, supply chain developments, and climate and sustainable finance. She previously served as a Policy Board Member of the Bank of Japan. She is currently engaged in policy-oriented research in collaboration with international organizations, including the Asian Development Bank Institute (ADBI), covering monetary policy, fiscal policy, financial markets, and climate-related finance. She actively contributes to policy dialogue with central banks and policymakers, participates in international conferences and panel discussions, and disseminates her insights through global media.For details, please check official homepage (htttp://www,sayurishirai.jp/)

Message from the Faculty Member 【 Display / hide 】

Message from the Faculty Member 【 Display / hide 】

• Message to students: Whenever you face questions in the learning process, try to be patient in finding the solutions. Even if you may not find the solutions immediately, it is important to keep learning and deepen your knowledage.

Other Disclosed Information 【 Display / hide 】

Other Disclosed Information 【 Display / hide 】

• She regularly contributes columns and commentary on economic, financial, digital payment systems, and climate-related issues to platforms such as World Economic Review IMPACT, Surfvote, Nikkei Think!, EAF, Asia Pathways, and The Japan Times. Further information is available on her official website.

Profile Summary 【 Display / hide 】

Profile Summary 【 Display / hide 】

• Specializes in monetary policy around the world, international finance, macroeconomics, and digital currencies and payment systems. Has published numerous policy-oriented papers and books and also communicates research and policy insights in English. Speaks and participates in panel discussions at international conferences hosted by central banks, international organizations, and financial institutions, while providing commentary and analysis across major Japanese and international media. For further details, please visit the official website: http://www.sayurishirai.jp

Career 【 Display / hide 】

Career 【 Display / hide 】

• 2016.09

  -

  Present

  Keio University Professor, Faculty of Policy Management, Professor

• 2011.06

  -

  2022.06

  Non-Executive Board Director (Food Industry)

• 2020.01

  -

  2021.12

  Senior Advisor to EOS at Federated Hermes

• 2016.04

  -

  2020.03

  ADB Institute Visiting Scholar

• 2019.06

  -

  2019.09

  Advisor to the Minister of Finance, Republic of Zambia

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Academic Background 【 Display / hide 】

Academic Background 【 Display / hide 】

• 1989.03

  Keio University, Graduate School, Division of Economics

  Graduate School, Completed, Master's course

• 1993.05

  Other, Graduate School, Division of Economics

  United States, Graduate School, Completed, Doctoral course

Academic Degrees 【 Display / hide 】

Academic Degrees 【 Display / hide 】

• Ph.D., Other, 1993.05

Research Areas 【 Display / hide 】

Research Areas 【 Display / hide 】

• Humanities & Social Sciences / Economic policy (International Finance Monetary Policy　Macroeconomic policy)

Books 【 Display / hide 】

Books 【 Display / hide 】

• Growing Central Bank Challenges in the World and Japan

  Sayuri Shirai, Asian Development Bank Institute, 2020.06

• Textbook about Money in the Cryptocurrency Era

  Sayuri Shirai, Shogakukan, 2019.04,  Page： 253

• Central Bank Digital Currency and Fintech in Asia

  Marlene Amstad, Bihong Huang, Peter J. Morgan and Sayuri Shirai, Asian Development Bank Institute, 2019.01

• Mission Incomplete: Reflating Japan's Economy

  Sayuri Shirai, Asian Development Bank Institute, 2018.05

• 東京五輪後の日本経済 : 元日銀審議委員だから言える

  SHIRAI Sayuri, 東京 : 小学館,, 2017.09

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Papers 【 Display / hide 】

Papers 【 Display / hide 】

• Cross-border Digital Payments in Asia: Retail Connectivity, Wholesale Settlement, and Implications for Trade

  Sayuri Shirai

  ADBI Policy Brief (Asian Development Bank Institute)   2026.10

  Single Work

• Adaptation and Disaster Risk Financing in Asia: Toward an Integrated Climate Risk Management Framework

  Sayuri Shirai

  ADBI Policy Brief (Asian Development Bank Institute)   2026.05

• Climate Data Governance in Asia: Institutional Divergence and Structured Interoperability—Evidence from an ADBI Survey

  Sayuri Shirai

  ADBI Policy Brief (Asian Development Bank Institute)   2026.03

• Adaptation and Resilience Finance and Risk-Transfer Instruments for Physical Climate Risks: Data Classification, Taxonomies, and the Role of CAT Bonds

  Sayuri Shirai

  Nomura Sustainablity Quarterly  2026.02

  Last author

• Strengthening Asia’s Integration in a Changing World: Advancing Resilient Supply Chains and Digital and Green Trade

  Sayuri Shirai

  ADBI Policy Brief (Asian Development Bank Institute)   2026.02

  Last author

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Papers, etc., Registered in KOARA 【 Display / hide 】

Papers, etc., Registered in KOARA 【 Display / hide 】

• Analysis of monetary policies of major central banks including the Bank of Japan and global financial flows

  Shirai, Sayuri

  学事振興資金研究成果実績報告書 (慶應義塾大学)  2018

• Evaluating the present state of Japan as an international financial center

  Shirai, Sayuri

  リサーチメモ (慶應義塾大学湘南藤沢学会)  2009

• The impact of the US subprime mortgage crisis on the world and East Asia : through analyses of cross-border capital movements

  Shirai, Sayuri

  リサーチメモ (慶應義塾大学湘南藤沢学会)  2009

• IMFの融資制度 : アイスランド、ウクライナ、ハンガリー、ラトビアのケースをもとにして

  Shirai, Sayuri

  リサーチメモ (慶應義塾大学湘南藤沢学会)  2009

• Integration of macroeconomics and the institutional approach in developmental aid policies : proposing a method using policy management studies

  Shirai, Sayuri

  Policy and governance working paper series (慶應義塾大学大学院政策・メディア研究科)   ( 129 )  2007

  ISSN  13488317

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Reviews, Commentaries, etc. 【 Display / hide 】

Reviews, Commentaries, etc. 【 Display / hide 】

• 分断の時代における企業統治――地政学リスクと監査役の視点

  白井さゆり

  月刊監査役  2026.03

• 「From Stimulus to Structure: Japan’s Next Economic Agenda

  Sayuri Shirai

  Japan Times  2026.03

• 「カーボンプライシングと企業開示はどう接続するのか――二つのGHG排出量データと制度設計

  白井さゆり

  環境金融研究機構RIEF  2026.03

• 日本の財政議論にかけている時間軸

  白井さゆり

  時事通信　財政金融ビジネス  2026.03

• 「高市政権が目指す『強い国』を実装するには：アジアの経済統合とデジタル貿易の時代に

  白井さゆり

  世界経済評論IMPACT  2026.03

  Last author

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Presentations 【 Display / hide 】

Presentations 【 Display / hide 】

• Bank of Japan's Unconventional Monetary Easing and Challenges

  sayuri Shirai

  [International presentation]  Hong Kong Monetary Authority and Reserve Bank of New York (Hong Kong) , 

  2019.05

  , 

  Oral presentation (keynote)

• Role of External Board Directors and Corporate Governance

  Sayuri Shirai

  [International presentation]  board Diversity Investor Initiative in Hong Kong Semi-annual Meeting, 

  2019.05

  , 

  Oral presentation (invited, special)

• Monetary Easing, SME Finance and Fintech Development

  Sayuri Shirai

  [International presentation]  Central Bank of Turkey Seminar on Innovative Finance for Growth – The Role of Credit Guarantee Funds, 

  2019.04

  , 

  Oral presentation (keynote)

• the Central Bank of Turkey Seminar on Innovative Finance for Growth – The Role of Credit Guarantee Funds “Monetary Easing, SME Finance and Fintech Development”

  Sayuri Shirai

  [International presentation]  Central Bank of Turkey Internmatioanl Confere nce, 

  2019.04

  , 

  Oral presentation (keynote)

• 日本銀行とFRBの金融政策

  白井さゆり

  [International presentation]  S&Pダウ・ジョーンズ・インデックス主催第11回ETFコンファレンス講演, 

  2019.04

  , 

  Oral presentation (invited, special)

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Works 【 Display / hide 】

Works 【 Display / hide 】

• Japan's CPI and Japan-US Summit

  Sayuri Shirai

  Bloomberg Live TV Interview, 

  2019.05

  , 

  Other, Single

  　View Details

  Review about Japan's CPI Data Release and Prospect on Japan-US Summit

• インタビュー：英のEU離脱、北アイルランド特別扱いしかない

  白井さゆり

  東洋経済オンライン, 

  2019.05

  , 

  Other, Single

• 米中貿易摩擦について

  白井さゆり

  BS-TBSテレビ番組Bizスクエア、コメンテーターとして生出演, 

  2019.05

  , 

  Other, Single

• イギリスのEU離脱離脱の背景と行方

  Sayuri Shirai

  三宅民夫のマイあさ！、マイBIZ～経済展望に生出演、インタビュー, 

  2019.05

  , 

  Other, Single

  　View Details

  イギリスのEU離脱の背景についての解説および今後の見通しについて解説

• The Land of Rising Green Bonds

  Sayuri Shirai

  Environmental Finance　Journal Interview, 

  2019.04

  , 

  Other, Single

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Courses Taught 【 Display / hide 】

Courses Taught 【 Display / hide 】

• INTERNATIONAL FINANCE

  2026

• INDEPENDENT RESEARCH

  2026

• GRADUATION PROJECT 1

  2026

• SEMINAR A

  2026

• FINANCIAL ANALYSIS

  2026

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