Rules of the Japan Society of Monetary Economics (as of April 1st, 2007)
The name of this society is the Japan Society of Monetary Economics.
This society studies monetary economics and related subjects from the perspective of theory and policy and contributes to the advancement of learning and economic development.
This society performs the activities noted below to attain the goals listed in Article2.
Study and research;
Conferences and seminars;
Publication of news for members, reports, and books;
Support for study and research, including research from other institutions; and
Other activities needed to attain the goals of the society.
The main office is located in Tokyo; branch offices are permitted.
The main office is in the Toyo-Keizai Building.
The society’s membership structure is as follows:
Individual members: Academic members who study monetary economics,
Supporting members: General members who support society events, and
Special members: Organizations and institutions that support the society’s goals
Membership is contingent upon potential members securing recommendations of two members and permission from the board of directors.
Individual members pay 10,000 Japanese yen per year. Delinquency in membership payment for three years results in cancellation of membership. Individual members who are pursuing doctoral studies are exempt from full membership fees. See Membership Information for details of the reduced membership fees.
Emeritus presidents and emeritus members may be appointed by the society’s board of directors.
This society’s board of directors is structured as follows:
President (one) The president represents the society and deals with its business matters. The term is two years; two consecutive terms are permitted. The president leads the board of directors.
Directors (39 members) Directors constitute a board of directors and make important decisions. The term is four years; two consecutive terms are permitted. The three directors from Tokyo Bankers Association, Regional Banks Association of Japan, and Toyo Keizai Inc. are exempt from the 2-term limit.
Executive Directors (10 members or less) These members conduct the society’s business. The term is two years.
Auditors These members deal with our business and accounting. The term is two years.
A vice president may be appointed if the members agree that such a position is merited.
Selection of directors:
The president is elected by the board of directors from both directors and former directors, who remain members, and is approved at a general meeting. Former directors are those who have been directors for two consecutive terms. In the case of a former director being elected president, he or she will be a director ex officio, therefore, the total number of the directors will be forty.
Selection for half of the directors, i.e. eighteen directors, takes place every second year. Twelve directors are elected by the membership; following that, the existing and newly elected directors confer to recommend the remaining six directors, based on geographical and other criteria. The recommendations should be approved at a general meeting. The election is overseen by the executive directors.
Executive directors are selected by the directors.
A board of directors recommends auditors.
The society may appoint advisers and secretaries who will consult with the board on important matters.
The society holds a general meeting at least once a year. Such meetings allow the president to report important matters, including the accounts of the society, for the approval of the meeting.
Expenses of the society are paid by membership fees and other revenue.
The accounting period is from April 1st to March 31st.
Any changes to the rules and guidelines noted above should be approved at a general meeting.