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Results of the 101st Opinion Survey on the General Public's Views and Behavior (March 2025 Survey)

April 11, 2025
Public Relations Department
Bank of Japan

Survey Outline

  • Survey period : From February 6 to March 4, 2025.
  • Population of the Survey : Individuals living in Japan who are at least 20 years of age.
  • Sample size : 4,000 people (2,082 people [i.e., 52.1 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
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Have improved (A) 7.7 6.9 3.9 4.6
Have remained the same 34.0 37.5 35.9 30.5
Have worsened (B) 57.5 55.1 59.8 64.4
D.I. (A) minus (B) -49.8 -48.2 -55.9 -59.8
Outlook for Economic Conditions One Year from NowPercent, percentage points
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Will improve (A) 7.9 6.6 5.7 5.7
Will remain the same 50.9 56.5 51.2 50.7
Will worsen (B) 40.3 36.2 42.6 42.8
D.I. (A) minus (B) -32.4 -29.6 -36.9 -37.1
Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Have become better off (A) 3.6 5.3 4.7 3.9
Difficult to say 39.8 41.3 37.6 39.4
Have become worse off (B) 55.7 52.7 57.1 55.9
D.I. (A) minus (B) -52.1 -47.4 -52.4 -52.0
Perception of the Present Price Levels Compared with One Year AgoPercent
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Have gone up significantly 65.8 63.8 69.2 73.7
Have gone up slightly 29.2 30.9 25.9 22.4
Have been almost unchanged 3.2 3.3 3.4 2.2
Have gone down slightly 0.6 0.6 0.2 0.3
Have gone down significantly 0.5 0.4 0.7 0.7
Outlook for Price Levels One Year from NowPercent
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Will go up significantly 33.1 25.5 31.1 33.0
Will go up slightly 54.4 60.1 54.6 53.7
Will be almost unchanged 10.2 11.5 10.8 10.4
Will go down slightly 1.5 1.8 2.0 1.5
Will go down significantly 0.2 0.2 0.2 0.4
One of the Bank's Objectives Is to Achieve Price StabilityPercent
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Know about it 32.1 28.3 27.8 29.6
Have read or heard of it, but do not know much about it 45.8 39.7 46.8 38.9
Have never heard of it 21.7 31.1 25.3 30.7
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
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Know about it 26.2 22.5 21.3 23.1
Have read or heard of it, but do not know much about it 34.3 29.7 34.3 28.9
Have never heard of it 39.3 46.9 44.0 47.1
Confidence in the BankPercent
98th survey
(Jun 2024)		 99th survey
(Sep 2024)		 100th survey
(Dec 2024)		 101st survey
(Mar 2025)
Confident 12.8 16.0 13.1 16.2
Somewhat confident 30.3 32.7 31.7 32.6
Difficult to say 46.4 39.3 45.0 39.3
Not particularly confident 6.2 6.3 5.9 6.0
Not confident 4.0 4.0 3.5 5.1

Inquiries

Public Relations Department

E-mail : post.prd71(at)boj.or.jp
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