Activities at Offices Outside Japan and Other Activities
Mizuho is implementing a wide range of efforts to support the need to improve financial literacy in countries around the world.
Examples of our efforts are described below.
Details of main initiatives
- Offering workplace experience field trips and financial classes targeting Japanese schools and local schools
- Delivering lectures relating to finance and economics at universities
Leading financial and economic education workshops for underserved youth and adults
Mizuho Bank has been conducting the Financial Literacy Program (FLP) in Mumbai since FY2012. It was later expanded to India's network of five branches. Content for FLP is developed by the Reserve Bank of India (RBI), India's Central Bank, as part of its Financial Inclusion Plan. Mizuho Bank's content is based on RBI's educational material and adapted to meet the needs of the target audience. FLP sessions are designed to be highly interactive to encourage participation, and each participant is provided with reference books for further engagement with the subject.
We partner with several development organizations (NGOs) and schools across India through our five branches (Ahmedabad, Bangalore, Chennai, Mumbai, and New Delhi). The purpose of such FLP sessions is to teach underserved students and youth about topics of importance such as basic banking and bank account management, handling of currency notes, household budget management, prudent spending and saving, and certain aspects of insurance. We also arrange educational visits for students from partner schools to RBI's Financial Inclusion Research Center in Bangalore, Digital Gallery in Chennai, and Monetary Museum in Mumbai.
It is our earnest belief that with such awareness regarding financial literacy, students and young adults can become well equipped to take charge of their finances, make effective use of monetary resources, and mitigate risks emanating from financial fraud. Hence an early start with students lays a strong foundation toward financial literacy.
Financial and Economic Education in the New York Area
Mizuho's employees in the New York area share their knowledge and enthusiasm as volunteers year-round. During FY2020, despite the COVID-19 pandemic, we partnered with local nonprofits to provide online training and assistance to underserved students and adults. We offered seven virtual financial education programs and other professional skills programs. 162 Mizuho employees taught students about personal financial responsibility and workforce readiness, covering a range of subjects such as how to pay for college, personal money management, basic entrepreneurship, as well as resume preparation and interview skills.
Initiatives Focused on Teachers
With the aim of spreading financial education across many more educational front lines, Mizuho implements a raft of initiatives focused on teaching staff.
Lectures held at faculty of education, Tokyo Gakugei University
Under a joint research project, Mizuho has been offering a liberal arts frontier course at Tokyo Gakugei University's Faculty of Education since 2007. This course aims to enhance education relating to careers and life plans involving financial knowledge for students who wish to become school teachers in the future.
Supporting training for teaching staff
Since 2013, Mizuho Securities has been supporting the training of private–sector teachers, organized by the Keizai Koho Center (Japan Institute for Social and Economic Affairs). During training, in addition to discussions about the content of the financial and economic education program and experiences working with the program, lectures were held to raise the level of financial literacy. To deepen understanding of corporate activities, lectures were also presented on sustainability, information management, and other subjects.