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Results of the 103rd Opinion Survey on the General Public's Views and Behavior (September 2025 Survey)

October 10, 2025
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From August 1 to September 3, 2025.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (1,997 people [i.e., 49.9 percent of the overall sample size] provided valid responses to questions).
  • Sampling method : Stratified two-stage random sampling method.
  • Survey methodology : Mail survey method (responses collected by mail or via the internet).
Impression of Present Economic Conditions Compared with One Year AgoPercent, percentage points
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Have improved (A) 3.9 4.6 3.5 3.8
Have remained the same 35.9 30.5 25.4 33.5
Have worsened (B) 59.8 64.4 70.5 62.5
D.I. (A) minus (B) -55.9 -59.8 -67.0 -58.7
Outlook for Economic Conditions One Year from NowPercent, percentage points
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Will improve (A) 5.7 5.7 4.5 5.5
Will remain the same 51.2 50.7 46.5 48.4
Will worsen (B) 42.6 42.8 48.4 45.7
D.I. (A) minus (B) -36.9 -37.1 -43.9 -40.2
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Have become better off (A) 4.7 3.9 3.8 4.5
Difficult to say 37.6 39.4 34.3 38.6
Have become worse off (B) 57.1 55.9 61.0 56.1
D.I. (A) minus (B) -52.4 -52.0 -57.2 -51.6
Perception of the Present Price Levels Compared with One Year AgoPercent
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Have gone up significantly 69.2 73.7 75.3 69.4
Have gone up slightly 25.9 22.4 20.8 25.4
Have been almost unchanged 3.4 2.2 1.7 3.0
Have gone down slightly 0.2 0.3 0.5 0.6
Have gone down significantly 0.7 0.7 1.0 0.5
Outlook for Price Levels One Year from NowPercent
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Will go up significantly 31.1 33.0 33.4 32.1
Will go up slightly 54.6 53.7 51.7 55.9
Will be almost unchanged 10.8 10.4 11.8 9.3
Will go down slightly 2.0 1.5 1.7 1.2
Will go down significantly 0.2 0.4 0.3 0.4
One of the Bank's Objectives Is to Achieve Price StabilityPercent
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Know about it 27.8 29.6 26.2 28.1
Have read or heard of it, but do not know much about it 46.8 38.9 46.8 37.7
Have never heard of it 25.3 30.7 26.3 33.4
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
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Know about it 21.3 23.1 21.7 21.5
Have read or heard of it, but do not know much about it 34.3 28.9 32.6 28.6
Have never heard of it 44.0 47.1 45.2 49.2
Confidence in the BankPercent
100th survey
(Dec 2024)		 101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)
Confident 13.1 16.2 12.2 15.7
Somewhat confident 31.7 32.6 29.1 31.5
Difficult to say 45.0 39.3 47.6 41.6
Not particularly confident 5.9 6.0 6.3 5.1
Not confident 3.5 5.1 3.9 5.1

Inquiries

Public Relations Department

E-mail : post.prd71(at)boj.or.jp
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