Noriyuki Yanagawa received his Ph.D. from the Graduate School of Economics, University of Tokyo. After serving as Associate Professor at Keio University, joined the Faculty of Economics, University of Tokyo as Associate Professor in 1996. Has been Professor in 2011. He also serves as an expert member of Council on Economic and Fiscal Policy, Japanese Government, , Chief of Center for Real Estate Innovation(CREI), the University of Tokyo, Representative of Fintech Research Forum at the Center for Advanced Research in Finance (CARF), the University of Tokyo.