Results of the 27th Opinion Survey on the General Public's Views andBehavior*This is an English translation of the Japanese original released on October 16, 2006.

November 24, 2006
Public Relations Department
Bank of Japan[Contents]
I. Introduction
II. Survey Outline
III. Summary
A. Impression of Economic Conditions
B. Household Circumstances and the General Public's Views
C. Perception of the Price Levels
D. Future Developments in Land Prices
E. Growth Potential of the Japanese Economy
F. Degree of Recognition and Credibility of the Bank

IV. Distribution of the Sample by Category
V. Complete Questionnaire and Results
I. Introduction
The Bank of Japan, through public relations activities conducted at its Head Office andbranches, has been seeking to determine the concerns of a broad cross-section of the generalpublic relative to its policy and operations. An example of such action is the Bank's Opinion
Survey on the General Public's Views and Behavior, conducted since 1993 with a nationwide
sample of 4,000 individuals who are at least 20 years of age. This survey is essentially an
opinion poll designed to gain insight into the public's perceptions and actions, and therefore
differs in character from the Bank's Tankan (Short-Term Economic Survey of Enterprises inJapan), which is conducted separately from this survey.
The 27th Opinion Survey introduced a mail survey method. For the previous surveys,
researchers visited sampled individuals, asked them to complete the questionnaire within aprescribed period, and then collected the finished questionnaires upon subsequent visits(hereafter "in-home survey method"). This change reflects recent changes in the survey
environment. The results of this round of the survey were compared to those obtained via mailsurvey method preliminarily conducted in the 26th Opinion Survey.

II. Survey Outline
Survey period:
Sample size:
Population of the survey:
Sampling method:
Survey methodology:

From August 23 to September 11, 2006.
4,000 people (1,979 people [i.e., 49.5 percent of the overall
sample size] provided valid responses to questions).
Individuals living in Japan who are at least 20 years of age.
Stratified two-stage random sampling method.
Questionnaire survey. (Mail survey method.)1III. Summary
A. Impression of Economic Conditions
1. Economic conditions
With regard to economic conditions compared with one year ago, the proportion of
respondents who answered that economic conditions "have improved" declined, while those
who stated that they "have worsened" rose. As a result, the diffusion index (D.I.) ("haveimproved" minus "have worsened") fell from the previous survey.
In terms of economic conditions one year from now, the proportion of respondents who
answered that economic conditions "will improve" and "will worsen" decreased, with the
decline in "will improve" exceeding that of "will worsen." As a result, the D.I. ("willimprove" minus "will worsen") declined from the previous survey.
Chart 1 Economic Conditions (Questions 1 and 3)(2) One Year from Now Compared with the(1) Present Compared with One Year Ago
Present
In-home survey

In-home survey[Improving][Remaining the same][Worsening]

Dec. 05

19.2

59.4

21.4

Dec. 05

18.0

65.0

16.6

Mar. 06

22.0

61.9

15.9

Mar. 06

18.1

68.4

13.1

June 06

20.8

60.1

19.0

June 06

17.5[Will improve]

Mail survey[Will remain the same][Will worsen]

65.1

17.1

[Will improve][Will remain the same][Will worsen]

Mail survey[Have improved][Have remained the same][Have worsened]

15.1

62.4

21.8

June 06

16.5

62.3

20.3

Sep. 06 11.9

65.0

22.9

Sep. 06

13.8

65.7

19.7

June 06

0%

20%

40%

60%

80%

0%

100%

20%

40%

60%

80%

100%

(3) Developments in the Economic Conditions D.I.
20

Percentage points

10

0.0

6.1

1.2

0

5.0

-10
-10.4

-20
-30

-5.9

-3.8
-6.7

-11.0

-33.4

-40

Present compared with one year ago (mail)
Outlook for one year from now (mail)Present compared with one year ago (in-home)
Outlook for one year from now (in-home)

-50
-60

1.8
0.5

-70.3

-70
-80
Mar.
03

Sep.
03

Mar.
04

June
04

Sep.
04

Dec.
04

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

In-home survey

Present comparedwith one year ago
Changes from theprevious survey
Outlook for one
year from now
Changes from theprevious survey

Sep.
06

Mail survey

Mar.
03

Sep.
03

Mar.
04

June
04

Sep.
04

Dec.
04

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

June
06

Sep.
06

-70.3

-40.5

-24.5

-14.9

-10.4

-19.7

-19.7

-14.9

-2.2

6.1

1.8

-6.7

-11.0

-17.1 +29.8 +16.0

+9.6

+4.5

-9.3

0.0

+4.8 +12.7

+8.3

-4.3

-33.4

-9.3

-2.5

0.0

1.2

-9.5

-7.2

-5.6

1.4

5.0

0.5

-12.9 +24.1

+6.8

+2.5

+1.2

-10.7

+2.3

+1.6

+7.0

+3.6

-4.5

2

-4.3
-3.8

-5.9
-2.1

2. Basis for assessment of economic conditions
When asked their basis for assessment of economic conditions, "income level for myself orother family members" and "business performance of the company I work for, or of my own
company" continued to be the responses chosen most often, followed by "bustle of shopping
streets and amusement quarters" and "media reports."
In terms of perception of the interest rate level, the proportion of respondents who stated thatit "is too low" continued to account for just under 65 percent.
Chart 2 Basis for Assessment and Interpretation of Economic Conditions (Question 2)1
Income level for myself or other family
members.

56.5
60.1

Business performance of the company I workfor, or of my own company.

38.0
36.0

Bustle of shopping streets and amusement
quarters.

21.7
22.6

Media reports.

20.0
19.2
9.4
8.5

Economic indicators and statistics.

June 2006 (mail survey)

4.4
3.7

Other.
0%10%

Sep. 2006

20%

30%

40%

Note: 1. Up to two answers were allowed.

Chart 3 Perception of the Interest Rate Level (Question 4)

Mail survey[Is too low]

[Is appropriate] [Is too high]June 06

64.8

22.3

9.9

Sep. 06

64.2

25.4

7.7

80%

100%

0%

20%

40%

60%

3

50%

60%

70%

B. Household Circumstances and the General Public's Views
1. Present household circumstances
In terms of the general public's household circumstances compared with one year ago, theproportion of respondents who answered that their household circumstances "have become
somewhat worse off" increased, while those who stated that they "have become somewhat
better off" decreased somewhat. As a result, the D.I. ("have become somewhat better off"minus "have become somewhat worse off") declined.
Chart 4 Present Household Circumstances (Question 5)(1) Present Household Circumstances
In-home survey
Dec. 05

6.6

45.0

48.3

47.6

44.8

Mar. 06

7.6

44.7

June 06

5.7

49.5

Mail survey

53.3

41.8

51.3

44.0

June 06

4.8
Sep. 06

4.4
0%

20%

40%
60%
Have become somewhat better off
Difficult to say
Have become somewhat worse off

80%

100%

(2) Developments in the Household Circumstances D.I.
10

Percentage points

0
-10
-20
-30

-37.2

-37.1

-44.8

-40

-39.6

-43.8

-50

The household circumstances D.I. (mail)The present economic conditions D.I. compared with one year ago (mail)The household circumstances D.I. (in-home)
The present economic conditions D.I. compared with one year ago (in-home)

-60
-70
-80
Mar.
03

Sep.
03

Mar.
04

June
04

Sep.
04

Dec.
04

June
04

Sep.
04

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

Sep.
06

In-home survey

The household
circumstances D.I.
Changes from the previous
surveyThe present economic
conditions D.I. comparedwith one year ago
Changes from the previous
surveyMail survey
June
06

June
06

Sep.
06

-50.5 -45.8 -45.5 -44.4 -42.3 -44.8 -43.9 -42.3 -41.7 -37.2

-43.8

-37.1

-39.6

-5.4

Mar.
03

Sep.
03

+4.7

Mar.
04

+0.3

Mar.
06

-6.6

-70.3 -40.5 -24.5 -14.9 -10.4 -19.7 -19.7 -14.9

-2.2

6.1

1.8

+4.8 +12.7

+8.3

-4.3

4

-9.3

+0.9

Dec.
05

+4.5

+4.5

-2.5

June
05

+0.6

+9.6

+2.1

Mar.
05

+1.6

-17.1 +29.8 +16.0

+1.1

Dec.
04

0.0

-2.5
-6.7

-11.0
-4.3

2. Income and spending
With regard to income level compared with one year ago and the outlook for income over a
one-year period, the proportion of respondents who answered that their income "hasincreased" and "will increase" declined, while those who stated that it "has decreased" and"will decrease" rose; thus, the proportions of positive responses to Questions 6 and 7
decreased.
In terms of spending level compared with one year ago, the proportion of respondents who
indicated that they "have increased" their spending rose mainly as a result of the higher costsof consumer goods and services, while those who stated they "have decreased" spending
declined slightly. Concerning the outlook for spending over a one-year period, the proportionof responses was almost the same as in the previous survey.
Chart 5 Income (Questions 6 and 7)(1) Present Income Level Compared with (2) Income Level One Year from Now
One Year Ago
Compared with the Present
In-home survey

In-home survey

38.8

53.9

Dec. 05

Dec. 05

7.2

57.7

35.4

59.2

32.2

59.0

33.1

57.6

33.1

55.6

36.0

6.8
54.7

Mar. 06

36.1

Mar. 06

9.2
52.3

June 06

8.6

8.4

39.0

June 06

7.8

Mail survey

Mail survey

49.7

June 06

39.6

June 06

10.5

8.8
45.8

Sep. 06

45.0

Sep. 06

8.9

8.1

0%

20%

40%

60%

80%

100%

0%

20%

40%

Has increased
Has remained the sameHas decreased

60%

80%

100%

Will increase
Will remain the same
Will decrease

Chart 6 Spending (Questions 8 and 10)(1) Present Spending Level Compared with (2) Spending Level One Year from Now
Compared with the Present
One Year Ago
In-home survey

In-home survey

53.5

Dec. 05

7.1

39.3

53.2

36.9

Mar. 06

June 06

56.9

39.9

52.5

39.3

June 06

57.7

39.1

3.0

8.2

3.1

Mail survey

Mail survey

Sep. 06

39.4

2.0

Mar. 06 9.9June 06

58.5

Dec. 05

35.5

45.0

19.3

June 06

39.2

41.8

18.6

Sep. 06

5.5

45.5

48.4

45.8

48.3

5.0
0%

20%

40%

60%

80%

100%

Have increased
Have neither increased nor decreased
Have decreased

0%

20%

40%

60%

80%

Will increase
Will neither increase nor decrease
Will decrease

5

100%

3. Employment conditions
When asked about concerns over employment and working arrangements, the proportion of
respondents1 who felt "quite worried" and "not particularly worried" was almost the same asin the previous survey.
1

Respondents are workers who are company employees, civil servants, other types of employees, orpart-timers.

Chart 7 Concerns over Employment and Working Arrangements (Question 19 [workers1])

In-home survey[Quite worried][Slightly worried][Not particularly
worried][Has no relevance
to me or my family]

Dec. 05

27.3

51.5

17.4

3.8

Mar. 06

27.9

49.2

19.2

3.6
1.3

33.6

48.6

16.4

[Quite worried][Slightly worried][Not particularly
worried]June 06

35.8

46.1

18.1

Sep. 06

35.9

45.4

18.7

June 06

Mail survey

0%

20%

40%

60%

80%

100%

Note: 1. Workers are company employees, civil servants, other types of employees, or part-timers.

6

C. Perception of the Price Levels
1. Present price levels
Regarding their perception of the present price levels compared with one year ago, theproportion of respondents who felt that prices1 "have gone up"2 increased, accounting forabout 60 percent, while those who felt that they "have gone down"3 decreased.
When asked to what extent the price levels have changed compared with one year ago interms of a specific figure, the average was 4.2 percent, rising from 3.6 percent in the previous
survey. The median was 2.0 percent, rising from 1.5 percent in the previous survey.
1

Defined as "overall prices of goods and services the respondents purchase.""Have gone up" comprises "have gone up significantly" and "have gone up slightly."
3"Have gone down" comprises "have gone down significantly" and "have gone down slightly."2

Chart 8 Perception of the Present Price Levels (Questions 11 and 12)(1) Present Compared with One Year Ago
In-home survey

23.4

Dec. 05

2.6

56.7

26.0

Mar. 06

3.4
June 06

5.2

57.1

38.1

43.9

9.8
11.2

7.5 0.6

20%

40%

60%

Average1
+0.8%
+1.2%
In-home +2.4%
Mail +3.6%
+4.2%

80%

Have gone up
significantly
Have gone up
slightly
Have remained
almost unchanged
Have gone downslightly

0.4

Have gone down
significantly

0.2

36.1

(2) Changes in the Price Levels Comparedwith One Year Ago

Sep. 06

1.1

40.4

48.0

Sep. 06

June 06

12.2

4.8

June 06

Dec. 05
Mar. 06

1.2

48.4

Mail survey

0%

15.8

3.5 100%(3) Distribution of Current Survey
Answers1,2

Median20.0%
0.0%
In-home 0.0%
Mail +1.5%+2.0%[-5.1% and under]

1.3
(1.0)

[-2.1% to -5.0%]

0.9
(2.4)

[-0.1% to -2.0%]

0.9 (1.2)[5.1% and over]

23.0(20.4)

Notes: 1. Calculated by excluding 0.5 percent of thehighest and the lowest figures, respectively,in order to avoid extremes. (The simple
average of this survey is +4.3 percent, andthat of the previous mail survey in June
2006 was +3.8 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

[2.1% to 5.0%]

25.4(24.0)[0%]33.1(36.9)

15.4(14.1)[0.1% to 2.0%]

Notes: 1. Percent.
2. Figures in parentheses represent resultsof the previous mail survey (June 2006).

7

2. Outlook for price levels one year from now
In terms of the outlook for price levels one year from now, the proportion of respondents who
expected that prices "will go up"1 continued to account for about 80 percent.
When asked to what extent the price levels will change one year from now in terms of a
specific figure, the average was 5.1 percent, almost unchanged from 4.8 percent in theprevious survey. The median was 3.0 percent, unchanged from 3.0 percent in the previous
survey.
1"Will go up" comprises "will go up significantly" and "will go up slightly."

Chart 9 Outlook for the Price Levels One Year from Now (Questions 13 and 14)(1) One Year from Now Compared with the Present
In-home survey

2.4

0.2

46.4

44.3

Dec. 05

43.5

Mar. 06

2.4

48.1

0.2

58.2

7.3

0.1

31.2

June 06

15.3

63.2

2.9
1.5
18.8

Sep. 06

14.4

65.0

18.9

Mail survey

20%

40%

60%

(2) Changes in the Price Levels One Yearfrom Now
Dec. 05
Mar. 06
June 06
Sep. 06

Will go up
slightly

5.4

June 06

0%Will go up
significantly

6.0

Average1
+2.2%
+2.1%
In-home +3.7%
Mail +4.8%
+5.1%

80%

Will remain almost
unchanged
Will go downslightly

0.1
0.0Will go down
significantly

1.4 100%(3) Distribution of Current Survey
Answers1,2

Median20.0%
0.0%
In-home +2.0%
Mail +3.0%+3.0%[-5.1% and under][-2.1% to -5.0%]

0.4 0.4(0.7)(0.4)[-0.1% to -2.0%]

0.4

(0.5)

[5.1% and over]

27.4(25.3)

Notes: 1. Calculated by excluding 0.5 percent of thehighest and the lowest figures, respectively,in order to avoid extremes. (The simple
average of this survey is +5.3 percent, andthat of the previous mail survey in June
2006 was +5.0 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

[0%]

21.0(19.9)[0.1% to 2.0%][2.1% to 5.0%]

18.2

32.2

(19.3)(33.9)

Notes: 1. Percent.
2. Figures in parentheses represent resultsof the previous mail survey (June 2006).

8

3. Outlook for price levels over the next five years
Regarding the outlook for price levels over the next five years, the proportion of respondents
who answered that prices "will go up"1 continued to account for around 85 percent.
When asked about the specific rate of price change per year on average over the next five
years, the average was 5.0 percent, almost unchanged from 5.2 percent in the previous survey.
The median was 3.0 percent, unchanged from 3.0 percent in the previous survey.
1"Will go up" comprises "will go up significantly" and "will go up slightly."

Chart 10 Outlook for Price Levels over the Next Five Years (Questions 15 and 16)(1) Outlook for the Next Five Years
In-home survey
Dec. 05
Mar. 06

11.6
10.5

7.1 0.3

24.5

54.8

24.7

57.0

6.2 0.3

June 06

38.4

48.1

0.2
16.9
3.3
2.4
9.3 0.4

Sep. 06

38.2

49.0

9.2

June 06

18.6

60.3

Mail survey

0%

20%

40%

60%

(2) Changes in the Price Levels per Year on
Average over the Next Five Years
Dec. 05
Mar. 06
June 06
Sep. 06

Average1
+2.4%
+2.3%
In-home +3.1%
Mail +5.2%
+5.0%

80%

Will go up
significantly
Will go up
slightlyWill remain
almost unchanged
Will go downslightlyWill go down
significantly

0.1

2.1 100%(3) Distribution of Current Survey
Answers1,2

Median2+1.0%+1.0%In-home +2.0%
Mail +3.0%+3.0%[-5.1% and under]

0.3[-2.1% to -5.0%]

0.6

(0.3)

(1.1) [-0.1% to -2.0%]
0.8 (1.1)[0%][5.1% and over]

24.6

10.2

(10.5)(25.2)[0.1% to 2.0%]

Notes: 1. Calculated by excluding 0.5 percent of thehighest and the lowest figures, respectively,in order to avoid extremes. (The simple
average of this survey is +5.2 percent, andthat of the previous mail survey in June
2006 was +5.4 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

30.1[2.1% to 5.0%]

33.4(28.9)(32.9)

Notes: 1. Percent.
2. Figures in parentheses represent resultsof the previous mail survey (June 2006).

94. Comments on the rise in prices
Among all respondents, 59.2 percent answered that prices compared with one year ago "havegone up"1 and were asked for comments on the price rise; those who stated that the price risewas "rather unfavorable" accounted for about 80 percent, as in the previous survey.
1"Have gone up" comprises "have gone up significantly" and "have gone up slightly."

Chart 11 Comments on the Price Rise (Question 11-(a))

In-home survey
Dec. 05

3.0
Mar. 06

3.6
June 06

2.7

17.6

79.4

17.6

78.5

15.1

82.0

12.4

83.2

14.0

81.8

Mail survey
June 06

3.1
Sep. 06

2.9

0%
20%
Rather favorable

40%
60%
Neither favorable nor unfavorable

10

80%
100%
Rather unfavorable

D. Future Developments in Land Prices
When asked about future developments in land prices, the proportion of respondents who
answered that land prices "will drop" slightly decreased, while those who stated that they
"will rise" slightly increased.
Chart 12 Perception of the Future Development in Land Prices (Question 17)(1) Perception of the Future Development in Land Prices

In-home survey[Will rise][Will remain at about
the current level for some time]

Dec. 05

16.8

56.9

13.6

12.6

Mar. 06

16.8

56.5

12.3

14.3

22.0

June 06[Will drop] [Don't know]

54.3

10.2 13.2

Mail survey[Will rise][Will remain the same][Will drop]

June 06

45.5

35.9

17.3

Sep. 06

47.2

36.3

15.3

0%

20%

40%

60%

80%

100%

(2) Developments in the Land Prices D.I.
35

Percentage points

30

D.I. (mail survey)

25

D.I. (in-home survey)

31.9
28.1

20
15

11.8

10
5

0.7

2.6

3.1

3.0

2.6

Sep.
04

Dec.
04

Mar.
05

June
05

3.2

4.5

Dec.
05

Mar.
06

0
-5
-10

-2.0
-7.6
Mar.
03

Sep.
03

-1.6
Mar.
04

June
04

11

June
06

Sep.
06

E. Growth Potential of the Japanese Economy
When asked about the Japanese economy's growth potential, the proportion of respondents
who replied that the Japanese economy "has less potential to grow compared to the current
level" slightly increased, while those who answered it "has greater potential to grow above
the current level" slightly decreased.
Chart 13 Perception of the Japanese Economy's Growth Potential (Question 18)(1) Perception of the Japanese Economy's Growth Potential

In-home survey
Dec. 05

21.8

24.0

54.0

Mar. 06

22.3

25.4

52.1

June 06

21.6

24.6

53.7

0%

20%
40%
60%
80%
100%
Has potential to grow in the long run, though there may be a temporary slowdown
Has potential to grow at about the current level
Has less potential to grow compared to the current level

Mail survey
June 06

53.8

41.1

Sep. 06

54.5

41.4

3.9
3.4
0%

20%
40%
60%
Has greater potential to grow above the current levelHas potential to grow at about the current level
Has less potential to grow compared to the current level

80%

100%

(2) Developments in the Japanese Economy's Growth Potential D.I.
-25

Percentage points

-30

-31.9

-32.1
-34.4

-32.2

-35

-32.1
-36.4 -36.7

-40
-45

-29.9

-32.3

-37.2
-39.0

-38.0

D.I. (mail survey)-44.6

D.I. (in-home survey)

-50
Mar.
03

Sep.
03

Mar.
04

June
04

Sep.
04

Dec.
04

12

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

Sep.
06

F. Degree of Recognition and Credibility of the Bank
1. Objectives of the Bank
When asked about their recognition of two Bank objectives (price stability and financial
system stability), the proportion of respondents who stated that they "have knowledge of it"
was almost the same as in the previous survey.
When asked whether they know that the Bank raised its target for a short-term interest ratefrom zero percent, 70 percent of respondents answered that they "have knowledge of it."

Chart 14 Recognition of Price Stability (Question 20)(1) One objective of the Bank is to maintain price stability.

(2)

June 06(mail survey)
Sep. 06

34.9
35.0

0% 20%
June 06
30.9(mail survey)
Sep. 06
37.0

The Bank conducts its current monetary policy bycontrolling a short-term interest rate.

0%

The Bank raised its target for a short-term interest rate
(3)
from zero percent.1

20%

40%

44.2
46.5

20.5
18.2

60%

80% 100%

40.9
43.0
40%

27.6
19.9

60%

80% 100%

11.8
70.0

Sep. 06
0%

20%

18.0

40%

60%

80% 100%

Have knowledge of it.
Have read or heard of it, but do not have detailed knowledge.
Have never heard of it.

Note: 1. This item is new to the survey.

Chart 15 Recognition of Financial System Stability (Question 21)
One objective of the Bank is to maintain financial(1)system stability.

June 06(mail survey)

41.7

38.4

19.7

Sep. 06

42.4

40.8

16.5

60%

80% 100%

0%

20%

40%

The Bank provides safe settlement instruments with theJune 06highest settlement finality, such as banknotes and current (mail survey)
38.4
39.5 21.8(2) accounts at the Bank, and operates its own funds transfer
Sep. 06
37.1
42.8 19.9
system and settlement system for Japanese government
bonds.
0% 20% 40% 60% 80% 100%
The Bank can extend loans such as special loans to(3) financial institutions in order to ensure financial systemstability.

June 06(mail survey)

43.0

Sep. 06

41.4
0%

The Bank conducts on-site examinations and visits to(4)financial institutions.

June 06(mail survey)
Sep. 06

50%

35.3
36.7
0%

33.4 23.5
37.4 20.9

20%

32.5
32.8
40%

60%

100%

31.7
30.2
80% 100%

Have knowledge of it.
Have read or heard of it, but do not have detailed knowledge.
Have never heard of it.

13

2. Interest in, recognition of, and evaluation of the Bank
When asked about their interest in, recognition of, and evaluation of the Bank, the proportionof respondents who stated that they "have an interest in the Bank's activities"1 increased,accounting for about 30 percent. The proportion of respondents who thought that the Bank"is related to our lives"2 also increased, accounting for about 75 percent.
More than 45 percent replied that the Bank "is contributing to our lives,"3 as in the previous
survey.
The proportion of respondents who felt that "the Bank's explanations to the public are notclear enough"4 continued to account for about 60 percent. Among all respondents, 59.5
percent felt that "the Bank's explanations to the public are not clear enough" and were asked
for their reasons (Chart 17), with many stating that they have a "lack of basic knowledge
about the Bank," "have difficulty understanding the mechanism of the financial system andthe economy," "terms used in the Bank's explanations are too technical and difficult," and"have never had the opportunity to read or hear the Bank's explanations," as in the previous
survey.
Over 40 percent of respondents stated that they "have confidence in the Bank,"5 as in theprevious survey, while the proportion of respondents who indicated that they "do not haveconfidence in the Bank" increased, accounting for a little more than 15 percent.
When asked the reasons for having confidence in the Bank (Chart 18), "because the Bank's
activities are contributing to price stability and financial system stability" was mostfrequently mentioned, followed by "because the Bank maintains a neutral position in
conducting its policy." In terms of reasons for not having confidence in the Bank (Chart 19),
there was a substantial increase in the proportion of respondents who answered "because of
my impression that the Bank and its staff are insincere," followed by "because the Bank does
not maintain a neutral position in conducting its policy."
1"Have an interest in the Bank's activities" comprises "often pay attention" and "have an interest to
some extent."2"Is related to our lives" comprises "is related to our lives" and "is somewhat related to our lives."3"Is contributing to our lives" comprises "is contributing to our lives" and "is somewhat contributing
to our lives."
4"The Bank's explanations to the public are not clear enough" comprises "the Bank's explanations to
the public are not clear enough" and "the Bank's explanations to the public are somewhat unclear."5"Have confidence in the Bank" comprises "have confidence in the Bank" and "have confidence in the
Bank to some extent."

Chart 16 Interest in, Recognition of, and Evaluation of the Bank (Question 22)

A(1)

I have an interest in the Bank's
activities.

Close to A
June 06
26.1(mail survey)
Sep. 06
30.7(2)

The Bank is related to ourlives.

June 06(mail survey)
Sep. 06(3)

The Bank is contributing to our (mail survey)
Sep. 06
lives.

Neither A nor B

30.4
29.9

43.3
39.2

I do not have any interest in the
Bank's activities.

18.2 10.9
15.6 8.8

The Bank is not related to ourlives.

13.0
13.8

The Bank is not contributing to
our lives.

70.7
75.3

June 06

45.2

B

Close to B

47.5

41.3
38.4

32.5
32.8

60.5
59.5

43.3
41.4

46.2
41.5

6.2

The Bank gives clear(4)
explanations to the public.

June 06(mail survey)
Sep. 06(5) I have confidence in the Bank.

June 06(mail survey)
Sep. 06

7.0

0%

The Bank's explanations to the
public are not clear enough.
9.1

20%

40%

14

60%

I do not have confidence in the
Bank.
80%

16.4

100%

Chart 17 Reasons Why the Bank's Explanations Are Unclear (Question 22-(a))1
42.3
41.3

Lack of basic knowledge about the Bank.

40.4
38.0

Have difficulty understanding the mechanism of the financial systemand the economy.

38.4
36.0

Terms used in the Bank's explanations are too technical and difficult.

30.9
31.6

Have never had the opportunity to read or hear the Bank's explanations.
Do not know where to look in order to obtain information about the
Bank.

14.3
15.1
0.4
0.5
June 06 (mail survey)
Sep. 06
60%

50%

40%

30%

The Bank's web site is inconvenient.

2.8
3.3
20%

10%

Other.
0%Note: 1. Up to two answers were allowed.

Chart 18 Reasons for Having Confidence in the Bank (Question 22-(b))1
Because the Bank's activities are contributing to price stability andfinancial system stability.

62.9
65.2
46.5
46.5

Because the Bank maintains a neutral position in conducting its policy.
14.6
10.7

June 06 (mail survey)
Sep. 06

Because of my impression that the Bank and its staff are sincere.
5.0
4.4

Because I support the content and intention of the Bank's policy.

3.1
2.0

Because the Bank makes an effort to provide clear explanations to thegeneral public about its activities, and to collect public opinion data.

3.3
4.4

Other.

70% 60% 50% 40% 30% 20% 10%0%Note: 1. Up to two answers were allowed.

Chart 19 Reasons for Not Having Confidence in the Bank (Question 22-(c))125.9

Because of my impression that the Bank and its staff are insincere.

55.2

Because the Bank does not maintain a neutral position in conducting its
policy.

47.8
43.8

Because the Bank does not make enough effort either to provide clear
explanations to the general public about its activities or to collect public
opinion data.

34.1
27.5

Because the Bank's activities are not contributing to price stability andfinancial system stability.

32.2
23.1
9.8

Because I am opposed to the content and intention of the Bank's policy.

4.3
June 06 (mail survey)
Sep. 06
60%

50%

40%

30%

8.3
7.4
20%

10%

Other.
0%Note: 1. Up to two answers were allowed.

15

IV. Distribution of the Sample by Category
27th round of
the survey(Sep. 2006)1

Population of
the survey1,2Difference
between (A)and (B)3(A)(B)(A) - (B)Samples(reference)1

By sex
Male

49.6

48.4

1.2

51.1

Female

50.4

51.6

-1.2

48.9

20–29

9.9

15.6

-5.7

14.3

30–39

15.0

18.0

-3.0

17.9

40–49

16.8

15.2

1.6

16.0

50–59

23.3

18.5

4.8

20.6

60–69

19.2

15.5

3.7

15.6

70–

15.9

17.3

-1.4

15.7

Hokkaido

4.0

4.5

-0.5

4.5

Tohoku

7.7

7.6

0.1

7.5

Kanto

32.8

32.5

0.3

32.6

Hokuriku

4.6

4.4

0.2

4.5

Chubu

15.4

13.9

1.4

14.2

Kinki

15.8

16.2

-0.5

16.1

Chugoku

6.4

6.0

0.3

6.0

Shikoku

3.3

3.3

0.1

3.4

Kyushu

10.0

11.5

-1.5

11.2

By ageBy region

Notes: 1. Percent.
2. Based on the population of municipalities recorded in the Basic Resident Registers asof March 31, 2005.
3. Percentage points.

16

V. Complete Questionnaire and Results
Bold numbers refer to the rate of responses for each menu of choices against total respondents foreach question (percent; the second decimal place is rounded off1,2,3).
1

Only one choice is allowed except where otherwise noted.
Because of rounding, response ratios do not necessarily add up to 100 percent even for questions thatallow for only one choice.
3
Figures in parentheses represent results obtained via mail survey method in the previous survey (June2006).
2

Question 1
How do you think economic conditions have changed compared with one year ago?
(a) Have improved.
11.9 ( 15.1 )(b) Have remained the same.
65.0 ( 62.4 )(c) Have worsened.
22.9 ( 21.8 )Question 2
With regard to Question 1, what makes you think so? (Choose up to two answers.)(a) Media reports.
19.2 ( 20.0 )(b) Economic indicators and statistics.
8.5 ( 9.4 )(c) Business performance of the company I work for, or of my 36.0 ( 38.0 )own company.
(d) Income level for myself or other family members.
60.1 ( 56.5 )(e) Bustle of shopping streets and amusement quarters.
22.6 ( 21.7 )(f) Other.
3.7 ( 4.4 )Question 3
How do you foresee economic conditions one year from now?
(a) Will improve.
(b) Will remain the same.
(c) Will worsen.

13.8 ( 16.5 )65.7 ( 62.3 )19.7 ( 20.3 )Question 4
Considering the current economic conditions, what do you think about the current interest ratelevel?
(a) Is too low.
64.2 ( 64.8 )(b) Is appropriate.
25.4 ( 22.3 )(c) Is too high.
7.7 ( 9.9 )Question 5
What do you think about your household circumstances compared with one year ago?
(a) Have become somewhat better off.
4.4 ( 4.8 )(b) Difficult to say.
51.3 ( 53.3 )(c) Have become somewhat worse off.
44.0 ( 41.8 )If you chose (a) in Question 5, please answer Question 5-(a). If you chose (c), please answer
Question 5-(b). For remaining respondents, please skip questions 5-(a) and 5-(b) and go on to
Question 6.

17

Question 5-(a)Why do you think your household circumstances have become better off? (Choose all applicableanswers.)(a) Salary and business income have increased.
55.2 ( 61.7 )(b) Income, such as interest income and dividend payments, has
3.4 ( 8.4 )increased.
(c) Gained special income from sales of real estate.
3.4 ( 0.9 )(d) Prices have declined.
4.6 ( 9.3 )(e) The value of assets such as real estate and stocks has
4.6 ( 14.0 )increased.
(f) The number of dependents in my family has decreased.
20.7 ( 15.0 )(g) Other.
19.5 ( 17.8 )Question 5-(b)Why do you think your household circumstances have become worse off? (Choose all applicableanswers.)(a) Salary and business income have decreased.
66.4 ( 63.9 )(b) Income, such as interest income and dividend payments, has 13.9 ( 14.7 )decreased.
(c) Purchased real estate.
4.1 ( 4.2 )(d) Prices have risen.
30.9 ( 30.0 )(e) The value of assets such as stocks and real estate has declined.
6.3 ( 5.9 )(f) The number of dependents in my family has increased.
9.8 ( 7.7 )(g) Other.
26.4 ( 26.9 )(For all respondents.)

Question 6
How has your income (or other family members' income) changed from one year ago?
(a) Has increased.
8.9 ( 10.5 )(b) Has remained the same.
45.8 ( 49.7 )(c) Has decreased.
45.0 ( 39.6 )Question 7
What do you expect your income (or other family members' income) will be one year from now?
(a) Will increase.
8.1 ( 8.8 )(b) Will remain the same.
55.6 ( 57.6 )(c) Will decrease.
36.0 ( 33.1 )Question 8
How have you (or other family members) changed spending patterns compared with one yearago?
(a) Have increased.
39.2 ( 35.5 )(b) Have neither increased nor decreased.
41.8 ( 45.0 )(c) Have decreased.
18.6 ( 19.3 )If you chose (a) in Question 8, please answer Question 8-(a). If you chose (c), please answer
Question 8-(b). Otherwise, please skip questions 8-(a) and 8-(b) and go on to Question 9.

18

Question 8-(a)Why have you increased your (or other family members') spending? (Choose all applicableanswers.)(a) Because my income has increased.
5.2 ( 5.4 )(b) Because my income is likely to increase in the future.
1.2 ( 2.8 )(c) Because the value of non-financial assets such as real estate
1.5 ( 2.1 )has increased.
(d) Because the value of financial assets such as stocks and bonds
1.2 ( 1.4 )has increased.
(e) Because I purchased real estate such as a house.
6.1 ( 9.6 )(f) Because I purchased consumer durable goods such as a car.
20.7 ( 25.3 )(g) Because my spending rose due to an increased number of 24.1 ( 26.7 )dependents in my family.
(h) Because the costs of consumer goods and services have risen.1 50.1(i) Other.
32.2 ( 45.0 )Note: 1. This choice is new to the survey.

Question 8-(b)Why have you decreased your (or other family members') spending? (Choose all applicableanswers.)(a) Because my income has decreased.
71.0 ( 68.1 )(b) Because my income is not likely to increase in the future.
40.1 ( 46.3 )(c) Because the value of non-financial assets such as real estate
2.7 ( 3.2 )has decreased.
(d) Because the value of financial assets such as stocks and bonds
4.9 ( 4.2 )has decreased.
(e) Because my spending has fallen due to a decreased number of 11.7 ( 14.8 )dependents in my family.
(f) Other.
14.6 ( 11.6 )(For all respondents.)
Question 9-1
How have you (or other family members) changed your attitude toward everyday spending suchas on living and educational expenses compared with one year ago?
(a) Have increased.
12.8 ( 12.8 )(b) Have neither increased nor decreased.
57.5 ( 54.8 )(c) Have decreased.
28.8 ( 31.1 )Question 9-2
How have you (or other family members) changed your attitude toward selective spending such as
on hobby and leisure activities (spending other than asked in Question 9-1) compared with one
year ago?
(a) Have increased.
6.9 ( 6.2 )(b) Have neither increased nor decreased.
40.6 ( 38.4 )(c) Have decreased.
51.6 ( 54.0 )Question 10
Do you plan to increase or decrease your spending within the next twelve months?
(a) Will increase.
5.0 ( 5.5 )(b) Will neither increase nor decrease.
45.8 ( 45.5 )(c) Will decrease.
48.3 ( 48.4 )19

Question 11
How do you think prices1 have changed compared with one year ago?
(a) Have gone up significantly.
11.2(b) Have gone up slightly.
48.0(c) Have remained almost unchanged.
36.1(d) Have gone down slightly.
3.5(e) Have gone down significantly.
0.2( 9.8 )
( 43.9 )( 40.4 )( 4.8 )
( 0.4 )

Note: 1. They are defined as overall prices of goods and services you purchase (hereafter the same).

If you chose (a) or (b) in Question 11, please answer Question 11-(a). If you chose (d) or (e), pleaseanswer Question 11-(b). For remaining respondents, please skip questions 11-(a) and 11-(b) and go
on to Question 12.

Question 11-(a)What is your opinion of the price rise?
(a) Rather favorable.
(b) Rather unfavorable.
(c) Neither favorable nor unfavorable.

2.9 ( 3.1 )81.8 ( 83.2 )14.0 ( 12.4 )Question 11-(b)What is your opinion of the price decline?
(a) Rather favorable.
(b) Rather unfavorable.
(c) Neither favorable nor unfavorable.

63.0 ( 67.0 )17.8 ( 11.3 )17.8 ( 20.9 )(For all respondents.)

Question 12
By what percent do you think the prices have changed compared with one year ago? Pleasechoose "up" or "down" and fill in the box below with a specific figure. If you think that they havebeen unchanged, please put a "0."upCompared with one year ago, the prices have gone

about

percent.

down
Average1
Median2: +4.2 (+3.6) percent: +2.0 (+1.5) percent

Notes: 1. Calculated by excluding 0.5 percent of the highest and the lowest figures, respectively, in order to avoid
extremes. (The simple average of this survey is +4.3 percent, and that of the previous survey was +3.8
percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 13
In which direction do you think prices will move one year from now?
(a) Will go up significantly.
14.4 ( 15.3 )(b) Will go up slightly.
65.0 ( 63.2 )(c) Will remain almost unchanged.
18.9 ( 18.8 )(d) Will go down slightly.
1.4 ( 1.5 )(e) Will go down significantly.
- ( 0.1 )20

Question 14
By what percent do you think the prices will change one year from now? Please choose "up" or"down" and fill in the box below with a specific figure. If you think that they will be unchanged,
please put a "0."up
The prices one year from now will go
Average1
Median2

about
down

percent.

: +5.1 (+4.8) percent: +3.0 (+3.0) percent

Notes: 1. Calculated by excluding 0.5 percent of the highest and the lowest figures, respectively, in order to avoid
extremes. (The simple average of this survey is +5.3 percent, and that of the previous survey was +5.0
percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 15
In which direction do you think the prices will move over the next five years?
38.2 ( 38.4 )(a) Will go up significantly.
49.0 ( 48.1 )(b) Will go up slightly.
9.2 (
9.3 )
(c) Will remain almost unchanged.
2.1 (
2.4 )
(d) Will go down slightly.
0.1 (
0.4 )
(e) Will go down significantly.

Question 16
By what percent do you think the prices will change per year on average over the next five years?
Please choose "up" or "down" and fill in the box below with a specific figure. If you think thatthey will be unchanged, please put a "0."up
The prices will go
Average1
Median2

about
down

percent per year on average over the next five years.

: +5.0 (+5.2) percent: +3.0 (+3.0) percent

Notes: 1. Calculated by excluding 0.5 percent of the highest and the lowest figures, respectively, in order to avoid
extremes. (The simple average of this survey is +5.2 percent, and that of the previous survey was +5.4
percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 17
What do you foresee as the future development in land prices?
(a) Will rise.
(b) Will remain the same.
(c) Will drop.

47.2 (
36.3 (
15.3 (

45.5 )
35.9 )
17.3 )

Question 18
How do you view the Japanese economy's growth potential in the long run?
3.4 (
3.9 )
(a) Has greater potential to grow above the current level.
54.5 ( 53.8 )(b) Has potential to grow at about the current level.
41.4 ( 41.1 )(c) Has less potential to grow compared to the current level.

21

Question 19
In consideration of the situation over the next twelve months, are you worried about your (orother family members') employment or work arrangements (pay, job position, and benefits) at
the current workplace?
All respondents
Workers1
18.3 ( 17.2 )18.7 ( 18.1 )(a) Not particularly worried.
45.9 ( 46.0 )45.4 ( 46.1 )(b) Slightly worried.
33.7 ( 35.0 )35.9 ( 35.8 )(c) Quite worried.
Note: 1. Workers are company employees, civil servants, other types of employees, or part-timers.

Questions 20 through 22 ask about your knowledge of the Bank of Japan (hereafter "the Bank").
(For all respondents.)

Question 20
Questions 20-(1), 20-(2) and 20-(3) ask about price stability, which is one of the Bank's two objectives.
Please choose the most applicable level of your knowledge relative to these questions.

Question 20-(1)Do you know that one objective of the Bank is to maintain price stability?
35.0 ( 34.9 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 46.5 ( 44.2 )18.2 ( 20.5 )(c) Have never heard of it.

Question 20-(2)Do you know that the Bank conducts its current monetary policy by controlling a short-term
interest rate?
37.0 ( 30.9 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 43.0 ( 40.9 )19.9 ( 27.6 )(c) Have never heard of it.

Question 20-(3)Do you know that the Bank raised its target for a short-term interest rate from zero percent?1
70.0(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 18.0
11.8(c) Have never heard of it.
Note: 1.This question is new to the survey.

Question 21
Questions 21-(1), 21-(2), 21-(3) and 21-(4) ask about financial system stability, which is one of the Bank’s
two objectives. Please choose the most applicable level of your knowledge relative to these questions.

Question 21-(1)Do you know that one objective of the Bank is to maintain financial system stability?
42.4 ( 41.7 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 40.8 ( 38.4 )16.5 ( 19.7 )(c) Have never heard of it.

Question 21-(2)Do you know that the Bank provides safe settlement instruments with the highest settlement
finality, such as banknotes and current accounts at the Bank, and operates its own funds transfer
system and settlement system for Japanese government bonds?
37.1 ( 38.4 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 42.8 ( 39.5 )19.9 ( 21.8 )(c) Have never heard of it.

22

Question 21-(3)Do you know that the Bank can extend loans such as special loans to financial institutions in orderto ensure financial system stability?
41.4 ( 43.0 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 37.4 ( 33.4 )20.9 ( 23.5 )(c) Have never heard of it.

Question 21-(4)Do you know that the Bank conducts on-site examinations and visits to financial institutions?
36.7 ( 35.3 )(a) Have knowledge of it.
(b) Have read or heard of it, but do not have detailed knowledge. 32.8 ( 32.5 )30.2 ( 31.7 )(c) Have never heard of it.

Question 22
Questions 22-(1), 22-(2), 22-(3), 22-(4) and 22-(5) ask about your view of the Bank. Please make themost applicable choice relative to these questions.

Question 22-(1)Do you have an interest in the Bank's activities?
(a) Often pay attention.
(b) Have an interest to some extent.
(c) No comment.
(d) Do not pay very much attention.
(e) Do not have any interest.

8.0
22.7
29.9
27.6
11.6

(
(
(
(
(

6.0 )
20.1 )
30.4 )
31.7 )
11.6 )

43.7
31.6
15.6
6.0
2.8

(
(
(
(
(

39.1 )
31.6 )
18.2 )
7.4 )
3.5 )

20.1
27.4
38.4
8.3
5.5

(
(
(
(
(

17.1 )
28.1 )
41.3 )
8.1 )
4.9 )

1.2
5.8
32.8
37.3
22.2

(
(
(
(
(

0.9 )
5.3 )
32.5 )
38.8 )
21.7 )

Question 22-(2)Do you think that the Bank is related to our lives?
(a) Is related to our lives.
(b) Is somewhat related to our lives.
(c) Difficult to say.
(d) Is not very much related to our lives.
(e) Is not related to our lives.

Question 22-(3)Do you think that the Bank is contributing to our lives?
(a) Is contributing to our lives.
(b) Is somewhat contributing to our lives.
(c) Difficult to say.
(d) Is not contributing to our lives very much.
(e) Is not contributing to our lives.

Question 22-(4)Do you think that the Bank gives clear explanations to the public?
(a) Gives clear explanations.
(b) Gives somewhat clear explanations.
(c) Difficult to say.
(d) The Bank's explanations to the public are somewhat unclear.
(e) The Bank's explanations to the public are not clear enough.

23

Question 22-(5)Do you have confidence in the Bank?
(a) Have confidence in the Bank.
(b) Have confidence in the Bank to some extent.
(c) No comment.
(d) Do not have very much confidence.
(e) Do not have confidence in the Bank.

15.3
26.1
41.5
12.2
4.2

(
(
(
(
(

17.0 )
26.3 )
46.2 )
6.6 )2.5 )If you chose (d) or (e) in Question 22-(4), please answer Question 22-(a). If you chose (a) or (b) in
Question 22-(5), please answer Question 22-(b), but if you chose (d) or (e), please answer Question
22-(c). Otherwise, please skip questions 22-(a), 22-(b), and 22-(c) and go on to Question 23.

Question 22-(a)Why do you think the Bank's explanations are unclear? (Choose up to two answers.)(a) Terms used in the Bank's explanations are too technical and 36.0 ( 38.4 )difficult.
41.3 ( 42.3 )(b) Lack of basic knowledge about the Bank.
(c) Have difficulty understanding the mechanism of the financial 38.0 ( 40.4 )system and the economy.
(d) Have never had the opportunity to read or hear the Bank's 31.6 ( 30.9 )explanations.
(e) Do not know where to look in order to obtain information 15.1 ( 14.3 )about the Bank.
0.5 (
0.4 )
(f) The Bank's web site is inconvenient.
3.3 (
2.8 )
(g) Other.

Question 22-(b)Why do you have confidence in the Bank? (Choose up to two answers.)(a) Because the Bank's activities are contributing to price stability 65.2
and financial system stability.
4.4(b) Because I support the content and intention of the Bank's
policy.
(c) Because the Bank maintains a neutral position in conducting 46.5
its policy.
2.0(d) Because the Bank makes an effort to provide clear
explanations to the general public about its activities, and tocollect public opinion data.
(e) Because of my impression that the Bank and its staff are 10.7
sincere.
4.4(f) Other.

(62.9 )

(

5.0 )

(

46.5 )

(

3.1 )

(

14.6 )

(

3.3 )

(

32.2 )

(

9.8 )

(

47.8 )(

34.1 )(

25.9 )(

8.3 )Question 22-(c)Why do you not have confidence in the Bank? (Choose up to two answers.)(a) Because the Bank's activities are not contributing to price 23.1
stability and financial system stability.
4.3(b) Because I am opposed to the content and intention of theBank's policy.
(c) Because the Bank does not maintain a neutral position in 43.8
conducting its policy.
(d) Because the Bank does not make enough effort either to 27.5
provide clear explanations to the general public about its
activities or to collect public opinion data.
(e) Because of my impression that the Bank and its staff are 55.2
insincere.
7.4(f) Other.

24

This last set of questions asks about you and your household. Although these include
questions of a personal nature, they are only used for analyzing the survey results and wewould be very grateful for your responses.

Question 23
Are you male or female?
(a) Male.
(b) Female.

49.6 (
50.4 (

48.9 )
51.1 )

(
(
(
(
(
(

11.3 )
18.2 )
17.5 )
20.2 )
19.5 )
13.3 )

2.4 (
12.2 (

2.9 )
11.8 )

35.3 (
11.5 (

39.0 )
12.4 )(((((

14.2 )
1.7 )
12.6 )
0.3 )4.5 )Question 24
What age group are you in?
(a) 20–29.
(b) 30–39.
(c) 40–49.
(d) 50–59.
(e) 60–69.
(f) 70–.

9.9
15.0
16.8
23.3
19.2
15.9

Question 25
What is your field of occupation?
Self-employed or working for a family business(a) Agriculture, forestry, and fisheries.
(b) Self-employed, working for a family business, or professional
worker.
All other workers(c) Company employee, civil servant, or other type of employee.
(d) Part-timer.
Having no occupation(e) Full-time homemaker.
(f) Student.
(g) Pensioner.
(h) Other.
(i) Unemployed.

14.8
1.5
14.7
0.4
4.5

Question 26
How much income did you and your partner earn last year? (Annual income before deducting
taxes; excludes temporary income such as retirement allowance and income from land sales, but
includes pensions.)
33.3 ( 32.6 )(a) Less than 3 million yen.
27.4 ( 28.7 )(b) 3 million or more but less than 5 million yen.
26.7 ( 26.1 )(c) 5 million or more but less than 10 million yen.
6.6 (
7.4 )
(d) 10 million yen or greater.
(
4.2
3.8 )
(e) No income.

Question 27
How large is your family?
(a) Single-person household (live by myself).
(b) Married-couple household (myself and my partner).
(c) Two-generation family (nuclear family).
(d) Three-generation family (extended family).
(e) Other (household consisting only of siblings, friends, or
grandparents and grandchildren, etc.).

7.9
28.1
48.3
13.3
1.9

(
(
(
(
(

8.7 )
26.2 )
52.0 )
11.0 )
1.7 )Please freely give us your comments or express wishes relative to the Bank's policy and/or
operations.
17.3 ( 19.9 )(a) Offered comments.
82.7 ( 80.1 )(b) Offered no comments.

25