November 2015
Committee for the Promotion of Financial Education(Secretariat: Central Council for Financial Services Information)

Financial Literacy Map
Standard Learning Goals for Different Age Groups
Major Points of the Financial Literary Map (Note)

The standard learning goals designated for high school students and younger students in the Financial Literacy Map are
consistent with the financial education goals for the same age groups designated in the Financial Education Program, which
has already been put into use in school education. Accordingly, education on financial literacy at elementary school to highschool will be promoted based on the “Financial Education Goals by Age Group" designated in the Financial Education
Program.

(Note) The learning goals for primary school, secondary school, and high school students reflect the contents of the subjects to be learned in therespective school grades as indicated in the Ministry of Education, Culture, Sports, Science and Technology (MEXT) curriculum guidelines
and commentaries thereof; it should be noted that some of these goals are not included in the guidelines and commentaries (but cover thecontents addressed in activities for advanced learning, comprehensive learning, or other special activities).

Categories

Primary School

Secondary SchoolStudents (Note)

StudentsForming
thefoundation of thecapability to live insociety.

Cultivating the basiccapability
toliveindependently in thefuture.

Familybudget Family
budget Being
abletomanagement
management
recognize
thedifference
betweenneeds from wants andbuy things according
to a plan.

Life planningLife planning

Understanding
theimportance of earningmoney through workand of using money
according to a planfor future needs, andacquiring the aptitude
to save money.

Understanding of Knowledge of the Learning from actual
financialbasics of financial cases of financial
knowledge
and transactions
trouble that primaryfinancial/economic
school students are
circumstances, andinvolved in, and being
selection/use
ofcautious to avoid suchappropriate
trouble, and acquiring
the ability to compare

Young Adults

AdultsSenior Citizens

Cultivating basic skills Establishing the ability
to live independently to live independently as
when
they
become adults.
adults.

Starting
toliveindependently in termsof lifestyle and financial
aspects.

Living independentlyandassumingfull-fledged
responsibility
asworking people.

Covering
livingexpenses mainly withpension income andmoney obtained bycashing out financial
assets.

Gainingabetterunderstandingofhousehold income andexpenditure,andmanaging income andexpenditure practicallythrough school activities.

Learning how muchmoney is spent on
oneself, and being able
to make better choices
and decisions whilebearing in mind one's
family budget as awhole.

Understanding
thenecessity of income andexpenditure management
and being able to spendmoney according to aplan in order to improve
one'sskills,
while
improving the balance ofpayments by earning
more from a part-time
job as needed.

Being able to spendmoney on one's hobby or
improving one's skills
according to a plan,
while properly managing
income and expenditure
tosupport
one'shousehold income.

Being
able
to
understand income andexpenditure as well as
assets and liabilities of
one's household bykeeping a household
account book as thebreadwinner of thehousehold,andimprove the balance asnecessary.

Being able to manage
income and expenditureand take necessary
action for improvementaccordingtoa
post-retirement plan.

Gainingabetterunderstanding of work,and understanding thenecessity of life planningand making a life plan
based on one's own
sense of value.

Thinking of one's life
plan in association with
one's
occupational
choice, and making a life
plan while estimating
one's lifetime income
and expenditure.

Envisioning
one'sdreams and hopes indetail so that one canachieve them while
engaging
inanoccupation
after
graduation, and working
hard in study andtraining toward realizing
those dreams and hopes.

Working on a life plan sothat one can achieve
one's dreams and hopes
while engaging in theoccupation one haschosen.

Reconsidering
one's
life plan, financial plan,
and assets to hold whennecessity arises in lightof the changes in one's
circumstances,andmaking constant efforts
to achieve one's life
plan in view of one's
life in old age.

Reviewing
one's
post-retirement life planwhile
taking
into
consideration
theeffective use of leisuretime and contribution to
one's
familyandsociety.

Understanding the basics
ofcontracts,
anddistinguishing scams andswindles and avoidinggetting involved.

High School Students

Gainingabetter
understanding
ofcontracts
andresponsibilities
accompanying contracts,and acquiring the skills
forgathering
information and using it
１

University Students

Being able to estimate
how much money one
would need to achieve
one's life plan, and toHaving an image of save money and manage Engaging in financial
one's real life, while assets according to a education for children
bearing in mind the plan.
at home in cooperation
funds for the threewith school.
biggest events in life.

Changing one's lifestyle
to one affordable with apension and making
steady efforts so that
onecanlive
aspiritually rich andstable life.

Being able to engage in appropriate consumption behavior by comparing
collected information.
Understanding the laws and systems applicable to Acquiring basic knowledge that senior citizens
various types of selling and soliciting practices, and would need in asset management, and being able
being able to conclude a contract carefully and take to consult with experts as necessary.
necessary action.
Trying to sign a contract carefully so as not to befinancial products

andmakebetter
decisions in one'severyday
consumption
bygathering and using
relevant information.
Commontoall Understanding
Understanding the basic
categories of finance various functions of roles of money, financemoney through one's and economy.
everyday life.

inone's
consumption.

everyday targeted by fraud or other malicious attempts.

Understanding
thefunctions and roles ofmoney, finance andeconomy, as well as thebasic characteristics offinancial products such
asdeposits,stocks,
bonds, and insurance.

Understanding the three characteristics of financial products, i.e., liquidity, safety, and profitability, themethods for risk management, and the importance of saving and investing from a long-term perspective.
Understanding the relationship between the value of money and time (e.g., compound interest andpresent discounted value).
Understanding how business trends, interest rate fluctuations, inflation/deflation, and exchange rate
movements (the yen’s appreciation and depreciation) affect the prices, real values, interest rates (yieldrates), and other aspects of financial products.

(Note) For the sake of simplicity, primary school students, who are subdivided in the map into those in the "1st and 2nd grades," "3rd and 4th grades," and "5th and 6th grades," are described here as one age group.

２Primary School

Secondary SchoolStudents

Students

Understanding
theconsiderable impact
on one's own life
caused by accidents
or illness, and acting
safely to avoid anydanger.

Acting cautiously by
predicting risks, andunderstanding that one
has to compensate whencausing injury to others
or damaging others'
belongings.

High School Students

Categories

Understanding of Insurance products
financialknowledge,
financial/economic
circumstances, andselection/useofappropriate
financial products

Understanding that
insurance is anotherway besides savings
to provide against
unexpected events.

Acting cautiously by
predicting
andcontrolling risks, andunderstanding that one
hastotakeresponsibility
andcompensate
when
Understandingthat causing an accident
insurance is one way to involving injury.
thereduce the risks of and Understanding
burdens imposed by complementary
accidents or illness.
relationshipbetweensocial insurance andprivate insurance.

Loans/credit

Avoiding borrowing Understanding
money from friends mechanisms
or lending it to them. functions of loans.

Wealth-building
products

Learning about theprincipal types ofUniversity Students

Young Adults

AdultsSenior Citizens

Understanding the types and details of the risks which one should be prepared for, and taking
appropriate action (e.g., mitigating risks and buying insurance).
Understanding that the damages for a victim's injury in a car accident may not always be covered infull by compulsory automobile liability insurance.
Being able to examine risks that one should beprepared for and choose appropriate insurance
products to cover the necessary amount, and toreconsider one's insurance according to changes infamily composition or income.

Understanding
thenecessity and benefit
for the elderly to haveinsurance, and thetypes of insurance.

the Understanding
theand mechanism of loans
such as student loans,andconsidering
repayment
methods,
interest rates, and theeffects
ofdelayedrepayments.

Understanding the effect Making a life plan while taking into consideration Being able to review
of a delay in repayment the need for housing.
the balance betweenof student loans and the Steadily carrying out one's life plan that takes into one's liabilities andmoratorium
for consideration the current need for housing and assets as necessary forrepayment, and having the post-retirement need for housing.
a stable life after
the will to repay theretirement.
Understanding
thebasic
characteristics
ofhousingstudent loans oneselfand being able to make loans, and being able to acquire specificknowledge as necessary and take a loan
Understanding the roles a repayment plan.
appropriately according to one's ability to repay.
and functions of various
credit cards and the Keeping in mind that card loans and paying by credit cards can easily lead to using up of the money.
important features to Keeping in mind that fees (interest rate) are charged for repayment in installments or revolving
bear in mind when using repayment for loans by credit cards.
them, and acquiring the Understanding that when one fails to duly repay a loan, such non-performance is recorded at the credit
attitude to use them information agency, which will make it difficult to borrow money in the future from other financial
appropriately.
institutions, etc.

Understanding
the Understanding the basic
relationshipbetween characteristics
of３

Thinking about how one will build wealth in one’s life plan.
Understanding

the Understanding

theAvoiding investment inbank accounts,understanding thedifference of interest
rates on various kindsof deposits, and being
able to calculate
simple interest.

risks and returns.
Understanding
thecalculation
ofcompound interest, andobtaining the attitude tosaveandinvestcontinuously.

financial products andthe relationship between
risks and returns, andalso understanding thenecessity of selecting
financial products forinvestment on one's ownresponsibility.

relationships
between desired returns and therisks and returns of tolerable risks based on
varioustypes
of therelationships
financial products, and between
risks
andbeing able to invest in returns.
these products at one's Understanding
theown responsibility.
advantages of diverse
Understandingthat investment
andUnderstanding
the diversificationof long-term investment,
methodsforrisk investment can mitigate and making use of suchmanagement and the risks.
investment schemes.
importanceof Understandingthat
continuing to save and long-term
investmentinvest regularly.
has
aneffectof"diversificationtimes."

Appropriate use of Appropriate use of Acquiring
theoutside expertise
outside expertise
attitudeto
immediately consult
someone close whenin trouble.

Being able to find theconsultant offices asnecessary when one
encounters trouble.

Learning
specific
methods to deal withtrouble, and being able
to practically use them.

Understandingthat
one should review theinvestment portfolio(countriesandproducts) periodicallyeven in the case ofdiverse investment.

products
thatonecannot understand.
Being able to suspectfinancial
productsclaimed as offeringhigh returns with norisks.
Understanding
thenecessity to review thepercentages
ofinvestment portfolio inlight of one's age andlifestyle.

ofRecognizing the necessity to know an appropriate organization, etc., that one can consult with whenbuying financial products.
Recognizing that when buying financial products, it is necessary to use outside expertise according to
the level of risks.
Knowing the information one would need when judging whether or not to buy financial products, andthe appropriate and impartial organizations and experts whom one can consult for advice, and being
able to act appropriately.

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