| Nobuo Akai | Kobe University of Commerce |
| Naosumi Atoda | Keio University |
| Alan Auerbach | University of California, Berkeley |
| Takero Doi | Ministry of Finance, Keio University |
| Kyoji Hashimoto | Kansai University |
| Masayoshi Hayashi | Meiji Gakuin University |
| Charles Yuji Horioka | Osaka University |
| R. Glenn Hubbard | Council of Economic Advisers (USA) |
| Takatoshi Ito | University of Tokyo |
| Yasushi Iwamoto | Hitotsubashi University |
| Kazumasa Iwata | Cabinet Office |
| Keimei Kaizuka | Chuo University |
| Anil Kashyap | University of Chicago |
| Laurence J. Kotlikoff | Boston University |
| Akira Okamoto | Okayama University |
| Masahiro Okuno | University of Tokyo |
| Keiichi Omura | Cabinet Office |
| Hiroko Ota | Cabinet Office |
| Hugh T. Patrick | Columbia University |
| Gary R. Saxonhouse | University of Michigan |
| Eiji Tajika | Hitotsubashi University |
| Toshiyuki Uemura | Toyo University |
| David E. Weinstein | Columbia University |
| Koichi Hamada | Economic and Social Research Institute |
| Shunitiro Ushijima | Economic and Social Research Institute |
| Toshihiro Ihori | Economic and Social Research Institute |
| Masakatsu Tamaru | Economic and Social Research Institute |
| Masahiro Hori | Economic and Social Research Institute |
| Satoshi Shimizutani | Economic and Social Research Institute |
| (Alphabetical order) Affiliation is as of September 2002. |
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