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Results of the 87th Opinion Survey on the General Public's Views and Behavior (September 2021 Survey)

October 11, 2021
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From August 6 to September 1, 2021.
  • 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 AgoPercent, percentage points
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Have improved (A) 1.1 1.0 2.2 2.5
Have remained the same 27.2 27.6 33.4 38.6
Have worsened (B) 71.3 70.4 63.8 57.8
D.I. (A) minus (B) -70.2 -69.4 -61.6 -55.3
Outlook for Economic Conditions One Year from NowPercent, percentage points
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Will improve (A) 14.4 23.1 20.4 16.6
Will remain the same 47.7 44.3 43.6 46.1
Will worsen (B) 37.5 31.6 35.3 36.4
D.I. (A) minus (B) -23.1 -8.5 -14.9 -19.8
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Have become better off (A) 4.2 6.3 5.3 6.8
Difficult to say 56.7 55.0 56.4 55.5
Have become worse off (B) 38.1 38.0 37.3 36.3
D.I. (A) minus (B) -33.9 -31.7 -32.0 -29.5
Perception of the Present Price Levels Compared with One Year AgoPercent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Have gone up significantly 9.2 5.2 6.6 8.9
Have gone up slightly 51.3 43.9 49.8 52.6
Have remained almost unchanged 34.6 44.3 38.0 32.9
Have gone down slightly 3.9 5.0 3.8 2.8
Have gone down significantly 0.2 0.6 0.3 0.6
Outlook for Price Levels One Year from NowPercent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Will go up significantly 6.3 5.8 7.7 8.4
Will go up slightly 53.7 56.6 59.1 59.8
Will remain almost unchanged 31.2 30.6 27.2 24.8
Will go down slightly 7.2 5.8 4.0 3.6
Will go down significantly 0.4 0.3 0.3 0.5
One of the Bank's Objectives Is to Achieve Price StabilityPercent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Know about it 27.6 - 29.8 -
Have read or heard of it, but do not know much about it 43.9 - 44.0 -
Have never heard of it 28.1 - 25.8 -
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
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Know about it 20.2 18.1 21.7 18.4
Have read or heard of it, but do not know much about it 30.9 29.3 31.0 26.7
Have never heard of it 48.4 51.6 46.9 53.9
The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Know about it 34.8 23.0 35.8 21.8
Have read or heard of it, but do not know much about it 38.7 33.2 38.2 31.1
Have never heard of it 26.1 42.7 25.4 46.1
The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Know about it 17.6 13.8 19.2 13.0
Have read or heard of it, but do not know much about it 34.7 25.5 33.9 25.5
Have never heard of it 47.1 59.4 46.4 60.3
Confidence in the BankPercent
84th survey
(Dec 2020)
85th survey
(Mar 2021)
86th survey
(Jun 2021)
87th survey
(Sep 2021)
Confident 14.7 - 13.4 -
Somewhat confident 30.2 - 30.8 -
Difficult to say 46.9 - 46.7 -
Not particularly confident 5.3 - 6.1 -
Not confident 2.0 - 2.2 -

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail@boj.or.jp