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.

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.