Supporting Single Mothers and Other Young Parents Facing Financial
Difficulties in Cooperation with Japan’s National Institute on Consumer
TOKYO–(BUSINESS WIRE)–Citigroup announced today that it will launch a new financial literacy
program in Okinawa, “Life Skills and Money Management for Young
Parents,” in November 2016.
The program comprises a series of learning sessions designed to provide
young parents in Okinawa, especially single mothers, who often face
financial difficulties, with information and tools to help improve their
living conditions. The program will be run in cooperation with the
National Institute on Consumer Education and the Okinawa Single Parents
and Children’s Welfare Association and held in Naha City and Uruma City
from November 2016 to March 2017.
Two learning sessions will be held in each city. The Naha program will
cater for 50-60 people, with sessions to be held in November and
December. The Uruma program will cater for about 50 people, with both
sessions to be held in February 2017. Childcare services will be
provided at both locations and participation and textbooks will be free
of charge. Citi will fund the entire program.
The program will cover a wide range of money management and life
planning topics, including expenditure management, saving, household
planning, and bill payment management. It will also provide information
on social insurance, public assistance programs, and other social safety
nets. After completing the program, participants will be better equipped
with life skills necessary to manage difficult financial situations and
improve their living conditions. The sessions will be taught by local
financial planners who have a good understanding of the issues and
realities in Okinawa.
Until 2015, Citi provided a financial education program for elderly
women in major cities across Japan in cooperation with the National
Institute on Consumer Education. This year, Citi has shifted its focus
to Okinawa, an island prefecture that has high divorce and poverty rates.
Citi opened a branch in Yokohama in 1902 and has become a
well-recognized financial institution in Japan. Citi has established
deep ties with the Okinawan community since commencing operations in
Naha in 1999. Parts of its financial businesses, including Operations
and Technology, are run out of Okinawa. Citi intends to further
strengthen its presence in Okinawa and will continue to actively recruit
As a leading global bank with operations in more than 160 countries and
jurisdictions, Citi is strongly committed to promoting financial
literacy. In Okinawa, in addition to this program, Citi is sponsoring a
“Financial Markets and Systems” course at the University of the Ryukyus
during the 2016 academic year. All 15 classes will be taught by senior
members of Citi in Japan.
# # #
Citigroup, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citigroup provides consumers, corporations, governments
and institutions with a broad range of financial products and services,
including consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com.
Corporate Affairs, Citigroup Japan Holdings