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Results of the 81st Opinion Survey on the General Public's Views and Behavior (March 2020 Survey)

April 7, 2020
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From February 6 to March 3, 2020.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,101 people [i.e., 52.5 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
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Have improved (A) 3.7 3.2 3.2 3.3
Have remained the same 67.1 67.3 62.7 56.0
Have worsened (B) 28.7 29.2 33.0 39.6
D.I. (A) minus (B) -25.0 -26.0 -29.8 -36.3
Outlook for Economic Conditions One Year from NowPercent, percentage points
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Will improve (A) 7.0 6.1 6.5 5.8
Will remain the same 49.4 45.6 53.3 45.4
Will worsen (B) 43.1 47.8 39.1 48.0
D.I. (A) minus (B) -36.1 -41.7 -32.6 -42.2
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Have become better off (A) 6.0 6.8 5.6 6.1
Difficult to say 52.9 49.8 51.4 50.8
Have become worse off (B) 40.5 43.0 41.7 42.2
D.I. (A) minus (B) -34.5 -36.2 -36.1 -36.1
Perception of the Present Price Levels Compared with One Year AgoPercent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Have gone up significantly 10.0 9.4 8.4 10.8
Have gone up slightly 61.2 61.1 56.1 53.2
Have remained almost unchanged 26.0 27.3 31.8 32.4
Have gone down slightly 1.8 1.3 1.9 2.1
Have gone down significantly 0.5 0.2 0.2 0.3
Outlook for Price Levels One Year from NowPercent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Will go up significantly 11.7 11.7 7.7 6.1
Will go up slightly 68.8 68.1 65.6 62.3
Will remain almost unchanged 16.6 17.2 23.0 26.6
Will go down slightly 2.1 2.3 2.2 3.5
Will go down significantly 0.4 0.4 0.1 0.5
One of the Bank's Objectives Is to Achieve Price StabilityPercent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Know about it 30.5 - 29.6 -
Have read or heard of it, but do not know much about it 45.7 - 43.2 -
Have never heard of it 23.6 - 26.4 -
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
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Know about it 26.2 22.7 23.9 20.7
Have read or heard of it, but do not know much about it 33.0 37.8 28.8 35.6
Have never heard of it 40.6 39.2 46.4 42.9
The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Know about it 38.6 24.2 34.6 22.9
Have read or heard of it, but do not know much about it 38.0 38.1 37.3 37.6
Have never heard of it 23.0 37.0 27.1 38.3
The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Know about it 20.8 14.5 18.5 14.2
Have read or heard of it, but do not know much about it 34.7 31.0 34.2 30.4
Have never heard of it 44.2 53.9 46.4 54.1
Confidence in the BankPercent
78th survey
(Jun 2019)
79th survey
(Sep 2019)
80th survey
(Dec 2019)
81st survey
(Mar 2020)
Confident 15.1 - 12.7 -
Somewhat confident 28.4 - 30.8 -
Difficult to say 47.0 - 46.4 -
Not particularly confident 7.0 - 6.0 -
Not confident 2.0 - 2.7 -

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail@boj.or.jp