So while there is no specific application deadline, applicants should apply as early in the calendar year as possible, when there are still scholarships available. Applications must be submitted together with a letter of admission from the university. In Japan, the academic year usually starts in April. To apply for the program, candidates must show that they have been admitted to a Ph.D. program in economics at one of North America's leading universities. Those selected for the Scholarship Program attend an orientation course in Washington, D.C., shortly before they begin their studies at their respective university.
Scholarships cover all reasonable costs for the first two years of study.
Scholars are expected to secure another source of funding to cover the remaining years of study. Scholarships are awarded in the spring, for studies starting in the fall of that year. Candidates must apply directly to North American universities for admission. The deadline for receipt of scholarship applications is December 31.