Thanks Kouki for your reply and wishes.
This webpage studyjapan.go.jp mentions about the qualifications needed for MEXt scholarshps for Research Students
<quote>
1)Research students
You must be under 35 years of age and a college graduate (includes prospective graduates). Or you must have completed 16 years of schooling.
</quote>
I have 16 years of schooling, am a Master's student. Does that mean I qualify under MEXT itself? :?