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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

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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