The article analyzes the values of the movie Princess Kaguya (The Tale of the Princess Kaguya) by the late director Takahata Isao under the perspective of folklore applications. As one of the most successful products in applying folklore to the cartoon, this movie has created a connection between traditional folklore and contemporary, pop culture, which attracts the attention of the young generation to the values of national cultural heritage and practical experience of life. Not only does it meet the tastes of many kinds of viewers, but the film also stimulates multi-dimensional interactions through the author's unique narrative talent.