Abstract 

Despite the recent fluctuations and difficulties in the Japanese economy, it has still maintained high levels of well-being, in which the social insurance system of the population, which consists of three main links, plays an important role: pension provision; Medical insurance; Material support of certain categories of citizens (elderly, disabled, single mothers, low-income families with small children, people suffering from severe senility, etc.). Sources of financing of individual links of social security, features of their formation and functioning, advantages and disadvantages are analyzed in the paper. Sharing the Japanese experience in the field of social security will be of great help to both developed and developing countries, including in achieving a high level of social security of the population of Georgia and social security of the country.