Professor Kei Hirano receives the 2015 Nakahara Prize by the Japanese Economic Association. The Nakahara Prize is an annual award given by the Japanese Economic Association to Japanese economists under the age of 45 whose work has gained international recognition. The Association created the official prize for the first time in 1995. The Board of Directors selects the members of a nominating committee consisting of both Japanese and foreign economists, who choose one prize recipient every year. This award system has been made possible by the generous endowments by Mr. Nobuyuki NAKAHARA, a businessman, for the first nine years and afterward by the Shin-Nihon Scholarship Foundation of which Mr. NAKAHARA is the president.