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Results of the 73rd Opinion Survey on the General Public's Views and Behavior (March 2018 Survey)

April 12, 2018
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From February 8 to March 6, 2018.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,092 people [i.e., 52.3 percent of the overall sample size] provided valid responses to questions).
  • Sampling method : Stratified two-stage random sampling method.
  • Survey methodology : Questionnaire survey (mail survey method).
Impression of Present Economic Conditions Compared with One Year AgoPercent, percentage points
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Have improved (A) 6.5 7.6 8.3 9.6
Have remained the same 70.3 71.0 70.9 68.0
Have worsened (B) 22.7 21.1 20.2 22.0
D.I. (A) minus (B) -16.2 -13.5 -11.9 -12.4
Outlook for Economic Conditions One Year from NowPercent, percentage points
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Will improve (A) 7.5 7.5 8.6 9.3
Will remain the same 67.2 66.4 67.0 65.6
Will worsen (B) 24.8 25.5 24.1 24.5
D.I. (A) minus (B) -17.3 -18.0 -15.5 -15.2
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Have become better off (A) 5.9 7.3 6.5 6.1
Difficult to say 54.5 53.0 52.4 51.8
Have become worse off (B) 38.8 39.2 40.2 41.4
D.I. (A) minus (B) -32.9 -31.9 -33.7 -35.3
Perception of the Present Price Levels Compared with One Year AgoPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Have gone up significantly 9.8 7.8 7.6 14.8
Have gone up slightly 57.6 55.4 59.5 58.7
Have remained almost unchanged 29.6 33.1 30.0 23.7
Have gone down slightly 2.0 2.8 2.2 1.8
Have gone down significantly 0.3 0.3 0.1 0.4
Outlook for Price Levels One Year from NowPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Will go up significantly 7.7 6.2 8.4 6.9
Will go up slightly 67.7 64.2 67.2 67.0
Will remain almost unchanged 21.6 26.7 21.6 22.8
Will go down slightly 2.3 1.7 1.8 2.5
Will go down significantly 0.1 0.2 0.1 0.0
One of the Bank's Objectives Is to Achieve Price StabilityPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Know about it 32.4 - 30.5 -
Have read or heard of it, but do not know much about it 45.0 - 46.0 -
Have never heard of it 22.3 - 23.3 -
The Bank Has Set the Price Stability Target at 2 Percent in terms of the Year-on-Year Rate of Change in the CPIPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Know about it 27.7 26.7 27.3 29.0
Have read or heard of it, but do not know much about it 31.8 35.7 33.0 36.4
Have never heard of it 40.2 36.7 39.4 33.6
The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 PercentPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Know about it 40.1 28.1 41.0 29.3
Have read or heard of it, but do not know much about it 40.0 38.4 36.6 39.9
Have never heard of it 19.6 32.1 22.1 29.5
The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control"Percent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Know about it 23.3 16.5 22.3 16.3
Have read or heard of it, but do not know much about it 38.7 33.1 36.3 34.7
Have never heard of it 37.7 49.1 40.8 47.8
Confidence in the BankPercent
70th survey
(Jun 2017)
71st survey
(Sep 2017)
72nd survey
(Dec 2017)
73rd survey
(Mar 2018)
Confident 14.0 - 13.0 -
Somewhat confident 30.3 - 29.7 -
Difficult to say 46.5 - 46.6 -
Not particularly confident 6.1 - 7.6 -
Not confident 2.6 - 2.6 -

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail@boj.or.jp