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Results of the 77th Opinion Survey on the General Public's Views and Behavior (March 2019 Survey)

April 5, 2019
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From February 7 to March 5, 2019.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,127 people [i.e., 53.2 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
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Have improved (A) 8.6 7.4 7.3 4.8
Have remained the same 72.6 71.3 70.7 70.9
Have worsened (B) 18.5 20.7 21.6 24.0
D.I. (A) minus (B) -9.9 -13.3 -14.3 -19.2
Outlook for Economic Conditions One Year from NowPercent, percentage points
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Will improve (A) 8.2 9.4 7.8 8.7
Will remain the same 66.7 63.3 51.9 51.3
Will worsen (B) 24.8 26.5 39.8 39.3
D.I. (A) minus (B) -16.6 -17.1 -32.0 -30.6
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Have become better off (A) 7.1 7.2 6.4 6.5
Difficult to say 51.7 53.0 55.0 53.0
Have become worse off (B) 40.2 39.1 38.1 40.0
D.I. (A) minus (B) -33.1 -31.9 -31.7 -33.5
Perception of the Present Price Levels Compared with One Year AgoPercent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Have gone up significantly 10.9 11.1 10.4 8.4
Have gone up slightly 58.9 58.0 59.2 59.6
Have remained almost unchanged 26.9 28.8 28.4 29.9
Have gone down slightly 2.3 1.2 1.4 1.4
Have gone down significantly 0.5 0.3 0.2 0.3
Outlook for Price Levels One Year from NowPercent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Will go up significantly 8.3 9.3 10.0 11.3
Will go up slightly 69.1 66.7 67.5 67.4
Will remain almost unchanged 20.3 20.9 19.6 18.1
Will go down slightly 1.5 1.9 1.9 2.2
Will go down significantly 0.2 0.3 0.3 0.4
One of the Bank's Objectives Is to Achieve Price StabilityPercent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Know about it 31.4 - 33.6 -
Have read or heard of it, but do not know much about it 43.9 - 42.5 -
Have never heard of it 24.4 - 23.8 -
The Bank Has Set the Price Stability Target at 2 Percent in terms of the Year-on-Year Rate of Change in the CPI Percent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Know about it 27.1 30.6 28.5 26.0
Have read or heard of it, but do not know much about it 32.0 37.5 29.9 35.2
Have never heard of it 40.8 31.4 41.2 38.2
The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Know about it 39.1 30.9 39.5 26.0
Have read or heard of it, but do not know much about it 37.7 41.0 38.2 38.1
Have never heard of it 23.0 27.7 22.0 35.1
The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Know about it 21.0 20.1 21.8 16.5
Have read or heard of it, but do not know much about it 35.2 34.7 37.1 31.8
Have never heard of it 43.5 44.4 40.7 50.4
Confidence in the BankPercent
74th survey
(Jun 2018)
75th survey
(Sep 2018)
76th survey
(Dec 2018)
77th survey
(Mar 2019)
Confident 13.4 - 13.0 -
Somewhat confident 29.5 - 28.9 -
Difficult to say 46.7 - 47.3 -
Not particularly confident 6.9 - 7.5 -
Not confident 2.7 - 2.6 -

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail@boj.or.jp