November 11, 2015

30th Anniversary Celebration of the Nozawa Fellowships for Japanese Students to Study

(Tokyo, 11 November 2015) On 11 November 2015, the UCLA Anderson School of Management will celebrate the 30th Anniversary of the Nozawa Fellowship program. The program was established in the mid-1980s with a generous gift to UCLA from the late George Nozawa and his wife, Kimiko. Since its inception the program has helped over 50 students accomplish their academic goals and fulfill the Nozawa family’s commitment to the Japanese community.

Mr. Nozawa, a Japanese-American businessman who imported Matsushita products, created the endowment to bring Japanese business students to UCLA, and to serve as a catalyst to increase contacts between the business communities of Japan and the United States. The Nozawa program is unique, as it is the only fellowship dedicated to helping unsponsored Japanese students study at a business school in the United States. It is also an example of UCLA’s long-standing commitment to Japan. It’s made it easier for Japanese students to study abroad, in this case at the eighth-ranked university in the world.

Professor William Ouchi, Distinguished Professor Emeritus at UCLA Anderson and author of the world-famous book, Theory Z, recalls that Mr. Nozawa knew of research at UCLA on Japanese companies and their potential lessons for U.S. management. Although he had no prior connection to UCLA, he selected the university to administer the fellowship. According to Professor Ouchi, who directed the program for many years, “Mr. Nozawa believed that when a student from Japan is immersed in graduate business studies at UCLA, it builds bridges between Japan and the United States.”

All non-sponsored applicants to UCLA Anderson School’s M.B.A. or doctoral programs are automatically considered for the Nozawa Fellowship. Two or three fellowships are granted annually with support based on merit and need. The fellows are top students from Japan who hope to become leaders in the world of business or academia.

Recent MBA graduates include Kono Michinao (Keio), Takashi Yoshinouchi (Hitotsubashi), and Yuki Sakakibara (Gakushuin). A recent doctoral graduate is Mitsuru Igami (Tokyo), now an Assistant Professor of Economics at Yale University. Says Igami, “The Nozawa Fellowship gave me plenty of time for research. Brainpower and time are two of the scarcest resources in academic endeavors, and I had them both in abundance at UCLA Anderson.”

Nozawa graduates are employed by Japanese and American corporation and universities. Others have started their own companies in Japan after specializing in UCLA Anderson’s prestigious program in entrepreneurial studies. About one-fourth of the recipients are women.

Today the program is directed by Sanford M. Jacoby, Distinguished Research Professor in the UCLA Anderson School. Jacoby also teaches at Doshisha University and is the author of Nihon no jinjibu, America no jinjibu, published in Japanese translation by Toyo Keizai Press.

Born in Los Angeles but spending his childhood in Japan, Mr. Nozawa made his fortune bringing Matsushita products, such as its National brand of automatic rice cookers, to the United States. He and his wife Kimiko built their company, Nozawa Trading, into a leading distributor of Panasonic consumer products for sale in the United States. Mr. Nozawa passed away in 1983.

The 30th Anniversary celebration will be held at International House of Japan on 11 November at 18:30. Speakers will include renowned architect Hitoshi Abe, director of UCLA’s Terasaki Center for Japanese Studies; Osamu Fukuya, Group Manager, Panasonic Small Appliances Division; Nozawa graduate Mayumi Tamura, former CFO of Seiyu Japan and now an auditor for Honda’s Board of Directors; and Masaru Murai, former CEO of Compaq Japan and now president of TEP TX Entrepreneur Partners.

Contact information:
Professor Sanford M. Jacoby, Director of Nozawa Endowment, UCLA Anderson School
sjacoby@anderson.ucla.edu
310 -210 -9362

About UCLA Anderson School of Management

UCLA Anderson School of Management is among the leading business schools in the world, with faculty members globally renowned for their teaching excellence and research in advancing management thinking. Located in Los Angeles, gateway to the growing economies of Latin America and Asia and a city that personifies innovation in a diverse range of endeavors, UCLA Anderson's MBA, Fully Employed MBA, Executive MBA, Global Executive MBA for Asia Pacific, Global Executive MBA for the Americas, Master of Financial Engineering, doctoral and executive education programs embody the school's Think in the Next ethos. Annually, some 1,800 students are trained to be global leaders seeking the business models and community solutions of tomorrow.

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