On March 16, 2016, the Institute of Energy Economics, Japan (IEEJ) and GRIPS concluded a Memorandum of Understanding for Academic Exchange Collaboration. A five-member IEEJ delegation led by Chairman and CEO Masakazu Toyoda visited GRIPS to take part in the signing ceremony. Under the MOU, which spans the next three years, the two institutions plan to deepen their academic exchange and collaboration through a variety of programs and activities including seminars, research and the launch of new courses on energy issues.