Haruhiko Kuroda: Financial inclusion in an aging society

Keynote speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the G20 High-Level Symposium on Aging and Financial Inclusion (GPFI Forum), Tokyo, 7 June 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
07 June 2019
by Haruhiko Kuroda
PDF full text
(328kb)
  |  5 pages

Introduction

It is a great honor for me to speak at the G20 High-Level Symposium on Aging and Financial Inclusion (GPFI Forum) today.

This year, I co-chair the G20 Finance Ministers and Central Bank Governors Meetings with Minister Aso. One of the priorities for G20 Finance Track in 2019 is "aging and its policy implications," and this is related to the theme of today's forum, "Aging and Financial Inclusion." I trust the outcome of this symposium will contribute significantly to the discussions at the G20 meetings.

Japan is one of the most aged countries in the world. Sooner or later, other countries will face a similar situation. Today, I would like to talk about the current situation in Japan and the challenges it faces, focusing on financial inclusion in an aging society, with respect to personal finance and financial literacy in particular.