• Origin of the name "Shibusawa Scholar Program"

Origin of the name “Shibusawa Scholar Program”


A leader of business and industry in the modern era, Eiichi Shibusawa is surely Japan’s original “Captain of Industry.”

Shibusawa returned to Japan following the Meiji Restoration, the change of government that marked the advent of Japan’s modern era. He worked to establish modern taxation, currency and banking systems, guided the creation of new industries, and popularized the joint-stock company system. He came to realize, however, that Japan would only become truly prosperous if private enterprise flourished, and resolved to lead the process of building a nation founded on commerce and industry. He went on to be involved in the founding and management of some 470 different companies, starting with the Daiichi Kokuritsu Ginkō, Japan’s first modern bank. It is no surprise that he is widely known as “the father of Japanese capitalism.”

Shibusawa’s activities were not limited to the economic sphere. He also left his mark on projects in social welfare, citizen diplomacy, education, and many other areas of public life. In the field of education, his efforts were directed to the development of business education and provision of educational opportunities for girls and women. Particularly notable was his support for Tokyo Higher Commercial School, the forerunner of Hitotsubashi University. He believed that institutions of higher education had a crucial role to play in fostering business leaders for a nation founded on commerce and industry. It was his firm desire to preserve and advance Hitotsubashi University’s position as the leader in this field.

When formulating a new program to cultivate Global Captains of Industry, the Faculty of Commerce and Management turned to Hitotsubashi’s founding father, Eiichi Shibusawa, for a role model. The program was thus named the “Shibusawa Scholar Program” to reflect its mission of fostering the next generation of leaders.