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Results of the 96th Opinion Survey on the General Public's Views and Behavior (December 2023 Survey)

January 17, 2024
Public Relations Department
Bank of Japan

Full Text [PDF 764KB]

Survey Outline

Survey period : From November 9 to December 5, 2023.
Population of the Survey : Individuals living in Japan who are at least 20 years of age.
Sample size : 4,000 people (2,061 people [i.e., 51.5 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
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Have improved (A)	6.8	13.7	12.5	9.3
Have remained the same	28.8	36.3	31.9	31.2
Have worsened (B)	63.9	49.6	55.0	58.9
D.I. (A) minus (B)	-57.1	-35.9	-42.5	-49.6

Outlook for Economic Conditions One Year from NowPercent, percentage points
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Will improve (A)	13.1	16.6	10.5	8.4
Will remain the same	45.9	50.5	48.2	52.5
Will worsen (B)	40.3	32.4	40.6	38.5
D.I. (A) minus (B)	-27.2	-15.8	-30.1	-30.1

Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Have become better off (A)	3.8	4.1	3.1	4.1
Difficult to say	39.7	38.3	38.6	38.9
Have become worse off (B)	56.0	56.8	57.4	56.2
D.I. (A) minus (B)	-52.2	-52.7	-54.3	-52.1

Perception of the Present Price Levels Compared with One Year AgoPercent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Have gone up significantly	62.8	66.3	68.4	65.6
Have gone up slightly	31.7	29.2	27.1	29.4
Have been almost unchanged	3.2	2.1	3.0	3.2
Have gone down slightly	0.6	0.5	0.3	0.7
Have gone down significantly	0.7	0.5	0.3	0.3

Outlook for Price Levels One Year from NowPercent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Will go up significantly	33.1	28.2	31.6	23.0
Will go up slightly	52.6	58.1	55.2	56.3
Will be almost unchanged	10.9	10.5	9.9	17.1
Will go down slightly	2.1	1.8	1.9	2.4
Will go down significantly	0.5	0.1	0.2	0.0

One of the Bank's Objectives Is to Achieve Price StabilityPercent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Know about it	-	31.4	-	29.2
Have read or heard of it, but do not know much about it	-	45.1	-	45.9
Have never heard of it	-	23.2	-	24.2

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
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Know about it	26.0	26.0	26.1	24.2
Have read or heard of it, but do not know much about it	30.1	32.6	30.5	34.8
Have never heard of it	43.0	41.2	42.3	40.4

The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Know about it	32.4	40.4	29.4	38.1
Have read or heard of it, but do not know much about it	34.2	38.0	36.8	41.3
Have never heard of it	32.6	21.1	32.4	20.1

The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Know about it	16.7	21.7	16.6	20.8
Have read or heard of it, but do not know much about it	32.0	37.3	33.2	39.8
Have never heard of it	50.4	40.5	48.8	38.9

Confidence in the BankPercent
	93rd survey (Mar 2023)	94th survey (Jun 2023)	95th survey (Sep 2023)	96th survey (Dec 2023)
Confident	-	11.1	-	12.7
Somewhat confident	-	32.2	-	28.5
Difficult to say	-	45.4	-	47.8
Not particularly confident	-	7.4	-	6.8
Not confident	-	3.2	-	3.2

Inquiries

Planning and Analysis Group, Public Relations Department

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