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Results of the 83rd Opinion Survey on the General Public's Views and Behavior (September 2020 Survey)

October 22, 2020
Public Relations Department
Bank of Japan

Full Text [PDF 1,016KB]

Survey Outline

Survey period : From August 19 to September 14, 2020.
Population of the Survey : Individuals living in Japan who are at least 20 years of age.
Sample size : 4,000 people (2,209 people [i.e., 55.2 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 Ago Percent, percentage points
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Have improved (A)	3.2	3.3	0.9	0.6
Have remained the same	62.7	56.0	26.0	22.4
Have worsened (B)	33.0	39.6	72.1	76.2
D.I. (A) minus (B)	-29.8	-36.3	-71.2	-75.6

Outlook for Economic Conditions One Year from Now Percent, percentage points
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Will improve (A)	6.5	5.8	19.3	14.3
Will remain the same	53.3	45.4	32.9	43.5
Will worsen (B)	39.1	48.0	47.0	40.9
D.I. (A) minus (B)	-32.6	-42.2	-27.7	-26.6

Impression of Present Household Circumstances Compared with One Year Ago Percent, percentage points
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Have become better off (A)	5.6	6.1	5.0	5.5
Difficult to say	51.4	50.8	51.3	54.9
Have become worse off (B)	41.7	42.2	42.6	38.8
D.I. (A) minus (B)	-36.1	-36.1	-37.6	-33.3

Perception of the Present Price Levels Compared with One Year Ago Percent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Have gone up significantly	8.4	10.8	10.8	10.1
Have gone up slightly	56.1	53.2	52.1	55.8
Have remained almost unchanged	31.8	32.4	32.4	29.2
Have gone down slightly	1.9	2.1	2.5	2.5
Have gone down significantly	0.2	0.3	0.3	0.4

Outlook for Price Levels One Year from Now Percent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Will go up significantly	7.7	6.1	9.7	8.5
Will go up slightly	65.6	62.3	57.0	54.8
Will remain almost unchanged	23.0	26.6	23.0	28.7
Will go down slightly	2.2	3.5	7.6	5.9
Will go down significantly	0.1	0.5	1.1	0.7

One of the Bank's Objectives Is to Achieve Price Stability Percent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Know about it	29.6	-	27.8	-
Have read or heard of it, but do not know much about it	43.2	-	46.4	-
Have never heard of it	26.4	-	25.2	-

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
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Know about it	23.9	20.7	19.5	18.9
Have read or heard of it, but do not know much about it	28.8	35.6	31.0	37.3
Have never heard of it	46.4	42.9	48.9	42.8

The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Know about it	34.6	22.9	35.3	24.4
Have read or heard of it, but do not know much about it	37.3	37.6	39.8	39.6
Have never heard of it	27.1	38.3	24.2	35.0

The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Know about it	18.5	14.2	19.1	14.3
Have read or heard of it, but do not know much about it	34.2	30.4	35.6	34.2
Have never heard of it	46.4	54.1	44.5	50.7

Confidence in the BankPercent
	80th survey (Dec 2019)	81st survey (Mar 2020)	82nd survey (Jun 2020)	83rd survey (Sep 2020)
Confident	12.7	-	13.7	-
Somewhat confident	30.8	-	28.5	-
Difficult to say	46.4	-	47.3	-
Not particularly confident	6.0	-	6.9	-
Not confident	2.7	-	2.1	-

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail@boj.or.jp