The purpose of this study is to examine the issues of the pension system as a comprehensive means of measures for old age from the standpoint of pensioners as financial consumers in Japan. This study covers public and private pension schemes, as well as reverse mortgages in Japan. Japan's public pension system consists of the National Pension Plan, which all citizens between the ages of 20 and 60 are enrolled in, and the Employees' Pension Plan, which is added to the National Pension Plan. Private pensions include corporate pensions and individual pensions sold by insurance companies. In addition, there are reverse mortgages provided by public institutions or financial institutions.