早稲田大学　国際教養学部　AO入試　志望理由書　提出例(朴 相俊　教授参考)

早稲田大学　国際教養学部　AO入試　志望理由書　提出例(朴 相俊　教授参考)

Dear Admission Office, 

I am writing this letter with an intention to explain my purpose in applying for School of International Liberal Studies at Waseda University, hoping to pursue a major in Macroeconomics and International Trade related studies later. I would be more than grateful if you could kindly give it a read and grant me an opportunity to the next in-person interview.

Last decade has been a time of insecurity and disrupted global chains for most countries. However, the young in Japan seems to be living in their own bubbles and completely indifferent to what is happening outside the nation, and it is a problem. Whether they care or not, thanks to the economic growth achieved after the war, Yen is the third currency in the world, meaning it is the third most-traded currency in foreign exchange transactions where it is traded, after the US dollar and the euro. In order to work in today’s competitive workplace and become a well-informed citizen of the society, it is essential that we understand global imbalance and Asian exchange rates, as well as Japan’s recent monetary policies and de-industrialization.

Sadly, Yen is an internationalized currency popular in trade, but it is only likely to be bought as a method of elimination. To explain, people are motivated to use Yen as a safe tool due to the conflicts and economic crises that hit Europe, US and China since 2008. This passive buying of the yen becomes evident, for example, when looking at exchange rates with the Australian dollar and other Asian currencies like Singaporian Dollar and Chinese Renminbi. Another factor defining Yen’s value in the market, is the stock market. Investors used to do “yen short carry trade” to benefit from interest differences between Yen and US Dollar. After the Lehman Brothers shock, short-term interest rates in the US have come down to zero wiping out that practice that was causing the yen to drop due to a number of deals which carry Yen for a short term and sell it against US Dollar. But after 2016, when the U.S. started raising interest rates again, it revived. Since then, corresponding ups and downs in stock prices have strongly influenced the fluctuations in the yen’s exchange rate.

Lastly, we can’t forget about miraculous trade surpluses among Asian countries that ranks Asia the strongest region in the world. This trade surpluses have been supported by the newly established global chains in which Korea, Taiwan, Japan, and ASEAN countries send parts and components to China, and China adds value to these and then re-exports the final and intermediate goods to the rest of the world. If China extended fewer high interest rate loans to poorer countries and made drastic changes to the interest rates, the renminbi could appreciate. Nonetheless, given the intricate value chains linking Japan, Korea, Taiwan, China, and ASEAN, policymakers should view exchange rates as a regional issue and address exchange rate policy.

I plan to examine recently established global chains, financial policies and Japan’s strategies before I can work for financial institutions after graduation. In order to attain high-level education and equip myself with what is needed to survive the next decades of globalization and competition, it is extremely important for me to study various international studies among like-minded students at Waseda where liberal studies is offered. I am very much looking forward to hearing good news.

Sincerely Yours,