Masayoshi Amamiya: Financial literacy - money management for creating a life of well-being

Keynote speech by Mr Masayoshi Amamiya, Deputy Governor of the Bank of Japan, at a seminar hosted by the Tokyo Stock Exchange, Tokyo, 14 February 2020.

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

Introduction

It is an honor to have this opportunity today to address such a large audience.

Today, I would like to talk about financial literacy. Financial literacy refers to the knowledge and decision-making skills used to manage one's money and personal finances. I have chosen this topic because of its relevance to the advent of an unprecedented aging society, which has been called the era of the 100-year life. In order to live a long life in your own way and, more importantly, at a high level of well-being, it will be more important than ever to have the knowledge and decision-making skills necessary to deal wisely with money.

Financial literacy has drawn international attention as one of the lessons learnt from the global financial crisis more than a decade ago.