Skip to main content

Results of the 104th Opinion Survey on the General Public's Views and Behavior (December 2025 Survey)

January 19, 2026
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From November 5 to December 8, 2025.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,017 people [i.e., 50.4 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
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Have improved (A) 4.6 3.5 3.8 5.4
Have remained the same 30.5 25.4 33.5 38.5
Have worsened (B) 64.4 70.5 62.5 55.8
D.I. (A) minus (B) -59.8 -67.0 -58.7 -50.4
Outlook for Economic Conditions One Year from NowPercent, percentage points
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Will improve (A) 5.7 4.5 5.5 13.8
Will remain the same 50.7 46.5 48.4 53.4
Will worsen (B) 42.8 48.4 45.7 32.1
D.I. (A) minus (B) -37.1 -43.9 -40.2 -18.3
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Have become better off (A) 3.9 3.8 4.5 5.0
Difficult to say 39.4 34.3 38.6 37.0
Have become worse off (B) 55.9 61.0 56.1 57.2
D.I. (A) minus (B) -52.0 -57.2 -51.6 -52.2
Perception of the Present Price Levels Compared with One Year AgoPercent
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Have gone up significantly 73.7 75.3 69.4 70.0
Have gone up slightly 22.4 20.8 25.4 25.2
Have been almost unchanged 2.2 1.7 3.0 2.8
Have gone down slightly 0.3 0.5 0.6 0.7
Have gone down significantly 0.7 1.0 0.5 0.5
Outlook for Price Levels One Year from NowPercent
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Will go up significantly 33.0 33.4 32.1 28.2
Will go up slightly 53.7 51.7 55.9 57.8
Will be almost unchanged 10.4 11.8 9.3 11.1
Will go down slightly 1.5 1.7 1.2 1.9
Will go down significantly 0.4 0.3 0.4 0.1
One of the Bank's Objectives Is to Achieve Price StabilityPercent
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Know about it 29.6 26.2 28.1 26.2
Have read or heard of it, but do not know much about it 38.9 46.8 37.7 49.7
Have never heard of it 30.7 26.3 33.4 23.7
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
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Know about it 23.1 21.7 21.5 20.6
Have read or heard of it, but do not know much about it 28.9 32.6 28.6 35.9
Have never heard of it 47.1 45.2 49.2 43.1
Confidence in the BankPercent
101st survey
(Mar 2025)		 102nd survey
(Jun 2025)		 103rd survey
(Sep 2025)		 104th survey
(Dec 2025)
Confident 16.2 12.2 15.7 13.5
Somewhat confident 32.6 29.1 31.5 32.3
Difficult to say 39.3 47.6 41.6 45.7
Not particularly confident 6.0 6.3 5.1 4.9
Not confident 5.1 3.9 5.1 3.0

Inquiries

Public Relations Department

E-mail : post.prd71(at)boj.or.jp
*Please change (at) to @.