Postscript: Romaji and translation by eri. Color-coding not available.
Translator's note: This song refers to many cultural notes which you may find out more about on Wikipedia.

笹の葉サラサラ
軒端にゆれる
お星さまキラキラ
金銀砂子

五色の短冊
私が書いた
お星さまキラキラ
空からみてる

Sasa no ha sara sara
Nokiba ni yureru
Ohoshi-sama kira kira
Kin gin sunago

Goshiki no tanzaku
Watashi ga kaita
Ohoshi-sama kira kira
Sora kara miteru

Bamboo leaves rustle, rustle
Swaying by the eaves
The stars twinkle, twinkle
Gold and silver grains of sand

On five-colored tanzaku
I wrote my wishes
The stars twinkle, twinkle
Watching from the skies