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The Global Credit Literacy Index
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Country profile · Edition 1

🇯🇵Japan

Asia

Score

74.5

Rank

15 of 46

Overview

Japan ranks 15th of 46 economies, with a score of 74.5 out of 100. It is 3rd of 11 ranked economies in Asia.

Strongest: Innovation, Government support and Financial education (100). Weakest: Credit literacy (43); Public awareness and Youth education (50).

Dimension scores

Credit literacyCredit accessFinancial inclusionDigital bankingInnovationConsumer protectionGovernment supportFinancial educationYouth educationPublic awareness0255075100
Credit literacy43.0
Credit access61.2
Financial inclusion89.1
Digital banking95.8
Innovation100.0
Consumer protection66.7
Government support100.0
Financial education100.0
Youth education50.0
Public awareness50.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

43%43% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)
95.8%96% of credit card users pay their balance in full (Findex, 2021)
61.2%61% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)
98.5%98% of adults have an account (Findex, 2024)
79.7%80% could raise emergency funds within 30 days without great difficulty (Findex, 2021)
95.8%96% of adults made or received a digital payment (Findex, 2021)

Youth education policy: nationwide

Financial education is part of the mandatory school curriculum nationwide. There is no standalone course or graduation requirement. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.