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Results of the 92nd Opinion Survey on the General Public's Views and Behavior (December 2022 Survey)

January 11, 2023
Public Relations Department
Bank of Japan

Full Text [PDF 1,964KB]

Survey Outline

Survey period : From November 4 to December 1, 2022.
Population of the Survey : Individuals living in Japan who are at least 20 years of age.
Sample size : 4,000 people (2,108 people [i.e., 52.7 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
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Have improved (A)	3.6	5.3	4.8	5.2
Have remained the same	38.3	38.2	31.4	27.1
Have worsened (B)	57.4	56.0	63.2	67.0
D.I. (A) minus (B)	-53.8	-50.7	-58.4	-61.8

Outlook for Economic Conditions One Year from NowPercent, percentage points
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Will improve (A)	15.6	13.5	10.5	9.1
Will remain the same	50.8	43.8	46.0	44.4
Will worsen (B)	32.7	42.2	42.9	46.2
D.I. (A) minus (B)	-17.1	-28.7	-32.4	-37.1

Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Have become better off (A)	4.8	3.7	4.0	3.7
Difficult to say	52.8	52.3	44.4	42.4
Have become worse off (B)	41.7	43.2	50.7	53.0
D.I. (A) minus (B)	-36.9	-39.5	-46.7	-49.3

Perception of the Present Price Levels Compared with One Year AgoPercent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Have gone up significantly	22.4	30.6	46.4	52.7
Have gone up slightly	58.8	58.4	45.4	41.6
Have remained almost unchanged	15.6	7.9	5.9	3.6
Have gone down slightly	1.3	0.5	0.5	0.7
Have gone down significantly	0.6	0.7	0.4	0.7

Outlook for Price Levels One Year from NowPercent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Will go up significantly	20.4	29.4	28.9	32.5
Will go up slightly	63.9	57.7	56.8	52.5
Will remain almost unchanged	12.4	9.7	11.0	11.9
Will go down slightly	1.8	1.1	1.8	2.0
Will go down significantly	0.3	0.4	0.4	0.4

One of the Bank's Objectives Is to Achieve Price StabilityPercent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Know about it	-	30.5	-	30.7
Have read or heard of it, but do not know much about it	-	44.3	-	45.4
Have never heard of it	-	24.9	-	23.2

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
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Know about it	19.8	22.4	24.9	25.6
Have read or heard of it, but do not know much about it	31.8	32.5	29.3	32.8
Have never heard of it	47.5	44.7	44.9	41.0

The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Know about it	22.1	33.9	28.7	41.8
Have read or heard of it, but do not know much about it	35.4	42.0	34.2	37.4
Have never heard of it	41.4	23.7	36.2	20.1

The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Know about it	13.9	20.1	16.7	22.9
Have read or heard of it, but do not know much about it	27.7	35.6	29.2	36.1
Have never heard of it	57.1	43.9	53.3	40.6

Confidence in the BankPercent
	89th survey (Mar 2022)	90th survey (Jun 2022)	91st survey (Sep 2022)	92nd survey (Dec 2022)
Confident	-	13.7	-	10.8
Somewhat confident	-	31.7	-	28.7
Difficult to say	-	44.9	-	48.0
Not particularly confident	-	5.8	-	7.6
Not confident	-	3.2	-	3.9

Inquiries

Planning and Analysis Group, Public Relations Department

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