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Results of the 89th Opinion Survey on the General Public's Views and Behavior (March 2022 Survey)

April 7, 2022
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From February 4 to March 2, 2022.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,177 people [i.e., 54.4 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
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Have improved (A) 2.2 2.5 5.2 3.6
Have remained the same 33.4 38.6 43.2 38.3
Have worsened (B) 63.8 57.8 51.0 57.4
D.I. (A) minus (B) -61.6 -55.3 -45.8 -53.8
Outlook for Economic Conditions One Year from NowPercent, percentage points
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Will improve (A) 20.4 16.6 26.0 15.6
Will remain the same 43.6 46.1 52.5 50.8
Will worsen (B) 35.3 36.4 21.0 32.7
D.I. (A) minus (B) -14.9 -19.8 5.0 -17.1
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Have become better off (A) 5.3 6.8 5.8 4.8
Difficult to say 56.4 55.5 53.4 52.8
Have become worse off (B) 37.3 36.3 40.0 41.7
D.I. (A) minus (B) -32.0 -29.5 -34.2 -36.9
Perception of the Present Price Levels Compared with One Year AgoPercent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Have gone up significantly 6.6 8.9 16.6 22.4
Have gone up slightly 49.8 52.6 60.8 58.8
Have remained almost unchanged 38.0 32.9 19.7 15.6
Have gone down slightly 3.8 2.8 1.5 1.3
Have gone down significantly 0.3 0.6 0.5 0.6
Outlook for Price Levels One Year from NowPercent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Will go up significantly 7.7 8.4 13.4 20.4
Will go up slightly 59.1 59.8 65.4 63.9
Will remain almost unchanged 27.2 24.8 17.4 12.4
Will go down slightly 4.0 3.6 2.8 1.8
Will go down significantly 0.3 0.5 0.1 0.3
One of the Bank's Objectives Is to Achieve Price StabilityPercent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Know about it 29.8 - 28.8 -
Have read or heard of it, but do not know much about it 44.0 - 46.1 -
Have never heard of it 25.8 - 24.8 -
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
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Know about it 21.7 18.4 21.3 19.8
Have read or heard of it, but do not know much about it 31.0 26.7 29.3 31.8
Have never heard of it 46.9 53.9 49.1 47.5
The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Know about it 35.8 21.8 34.3 22.1
Have read or heard of it, but do not know much about it 38.2 31.1 39.7 35.4
Have never heard of it 25.4 46.1 25.7 41.4
The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Know about it 19.2 13.0 18.3 13.9
Have read or heard of it, but do not know much about it 33.9 25.5 34.5 27.7
Have never heard of it 46.4 60.3 46.7 57.1
Confidence in the BankPercent
86th survey
(Jun 2021)		 87th survey
(Sep 2021)		 88th survey
(Dec 2021)		 89th survey
(Mar 2022)
Confident 13.4 - 12.7 -
Somewhat confident 30.8 - 32.0 -
Difficult to say 46.7 - 46.8 -
Not particularly confident 6.1 - 5.2 -
Not confident 2.2 - 2.3 -

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail(at)boj.or.jp
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