Results of the 30th Opinion Survey on the General Public's Views andBehavior* This is an English translation of the Japanese original released on July 18, 2007.

August 15, 2007
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 and branches,
has been seeking to determine the concerns of a broad cross-section of the general public relative toits 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 in Japan), which is conducted separately from thissurvey.
A mail survey method was introduced from the 27th Opinion Survey. This differs from the previous
survey method, through which researchers visited sampled individuals, asked them to complete thequestionnaire within a prescribed period, and then collected the finished questionnaires upon
subsequent visits (hereafter "in-home survey method"). This change reflects recent changes in thesurvey environment. The 26th Opinion Survey was carried out by both in-home survey andpreliminarily conducted mail survey methods. Except where otherwise noted, the results in thefollowing sections were those obtained via the mail survey method.

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

From May 25 to June 18, 2007.
4,000 people (2,179 people [i.e., 54.5 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 proportions of respondents
who answered that economic conditions "have improved" or "have worsened" increased slightly.
As a result, the diffusion index (D.I.) ("have improved" minus "have worsened") was almost thesame as in the previous survey. Regarding economic conditions one year from now, theproportion of respondents who answered that economic conditions "will improve" decreased,
while the proportion of those who answered they "will worsen" increased. As a result, the D.I.
("will improve" minus "will worsen") fell from the previous survey.
In terms of current economic conditions, the proportion of respondents who answered thatcurrent economic conditions "are favorable"1 rose from the previous survey, while the proportionof those who replied that they "are unfavorable"2 declined, accounting for about 45 percent.
12"Are favorable" comprises "are favorable" and "are somewhat favorable.""Are unfavorable" comprises "are unfavorable" and "are somewhat unfavorable."

Chart 1 Economic Conditions (Questions 1, 3, and 4)(1) Present Compared with One Year Ago[Have improved](2) Current Economic Conditions[Have remained the same][Have worsened]

11.1

65.3

23.3

Dec. 06

Mar. 07

11.1

65.3

23.2

Mar. 07

June 07

11.6

64.1

23.6

June 07

Dec. 06

0%

20%

40%

60%

80%

0.6
0.6

13.2

40.7

35.6

9.5

12.4

40.8

35.9

10.0

14.0

39.8

35.2

9.9

1.0
0%

100%

20%

(3) One Year from Now Compared with the Present[Will improve][Will remain the same][Will worsen]

Dec. 06

10.3

67.5

21.7

Mar. 07

12.3

67.0

20.0

June 07

10.2

64.3

24.7

0%

20%

40%

60%

80%

40%

60%

80%

100%

Are favorable
Are somewhat favorable
Are neither favorable nor unfavorable
Are somewhat unfavorable
Are unfavorable

100%(4) Developments in the Economic Conditions D.I.1
Percentage points
30
Present compared with one year ago
Outlook for one year from now

20
10
0

0.0

1.8
0.5

-14.9

-3.8
-6.7

-7.7

-10
-20

-12.0

-12.1

-14.5

Mar.
07

June
07

-30
June
04

Sep.
04

Present compared with
one year ago
Changes from theprevious survey
Outlook for one year
from now
Changes from theprevious survey

Dec.
04

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

Sep.
06

Dec.
06

June
04

Sep.
04

Dec.
04

Mar.
05

June
05

Dec.
05

Mar.
06

June
06

June
06

Sep.
06

Dec.
06

Mar.
07

June
07

-14.9

-10.4

-19.7

-19.7

-14.9

-2.2

6.1

1.8

-6.7

-11.0

-12.2

-12.1

-12.0

+9.6

+4.5

-9.3

0.0

+4.8 +12.7

+8.3

-4.3

-4.3

-1.2

+0.1

+0.1

0.0

1.2

-9.5

-7.2

-5.6

1.4

5.0

0.5

-5.9

-11.4

-7.7

-14.5

+2.5

+1.2

-10.7

+2.3

+1.6

+7.0

+3.6

-4.5

-2.1

-5.5

+3.7

-6.8

-3.8

Note: 1. In charts 1, 4, 12, and 13, figures up to the 25th round of the survey (conducted in March 2006) were obtained via thein-home survey method. Figures for the 26th round of the survey (conducted in June 2006) were obtained via thein-home and mail survey methods.

22. Basis for assessment of economic conditions
When asked their basis for assessment of economic conditions, "income level for myself or otherfamily 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 andamusement quarters" and "media reports."
In terms of perception of the interest rate level, the proportion of respondents who stated that it"is too low" increased, accounting for about 60 percent.

Chart 2 Basis for Assessment and Interpretation of Economic Conditions (Question 2)1
Income level for myself or other family
members.

60.2
58.8
55.3
36.0
37.1
38.0

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

24.9
26.3
22.2
17.9
18.8
21.2

Bustle of shopping streets and amusement
quarters.
Media reports.

6.4
7.6
8.8
2.5
2.9
3.8

Economic indicators and statistics.

Other.

0%10%

Dec. 06
Mar. 07
June 07
20%

30%

40%

50%

60%

Note: 1. Up to two answers were allowed.

Chart 3 Perception of the Interest Rate Level (Question 5)

63.5

Dec. 06

23.0

10.9

Mar. 07

58.2

28.4

10.5

June 07

60.7

23.2

11.8

0%

20%

40%
Is too low

60%
Is appropriate

380%
Is too high

100%

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 better off" increased slightly, while the proportion of those who answered that they
"have become somewhat worse off" decreased. As a result, the D.I. ("have become somewhat
better off" minus "have become somewhat worse off") improved.

Chart 4 Present Household Circumstances (Question 6)(1) Present Household Circumstances

50.1

44.6

49.3

45.9

51.6

43.0

Dec. 06

5.0
Mar. 07

4.7
June 07

5.0
0%

20%

40%

60%

80%

100%

Have become somewhat better off
Difficult to say
Have become somewhat worse off(2) Developments in the Household Circumstances D.I.
40

Percentage points
The household circumstances D.I.
The present economic conditions D.I. compared with one year ago
The
The

30
20
10

1.8

0
-10
-20

-6.7
-14.9

-30
-40

-37.1
-44.4

-12.0

-41.2

-38.0

-43.8

-50
June
04

-12.1

Sep.
04

Dec.
04

Mar.
05

June
04
The household circumstances
D.I.
Changes from the previous
surveyThe present economic
conditions D.I. comparedwith one year ago
Changes from the previous
survey

Sep.
04

June
05

Dec.
04

Dec.
05

Mar.
05

Mar.
06

June
05

Dec.
05

June
06

Mar.
06

Sep.
06

June
06

June
06

Dec.
06

Sep.
06

Mar.
07

Dec.
06

June
07

Mar.
07

June
07

-44.4 -42.3 -44.8 -43.9 -42.3 -41.7 -37.2 -43.8 -37.1 -39.6 -39.6 -41.2 -38.0
+1.1

+1.6

+0.6

+4.5

-6.6

-14.9 -10.4 -19.7 -19.7 -14.9

-2.2

6.1

1.8

+4.8 +12.7

+8.3

-4.3

+9.6

+2.1

+4.5

-2.5

-9.3

+0.9

0.0

4

-2.5

0.0

-1.6

+3.2

-6.7 -11.0 -12.2 -12.1 -12.0
-4.3

-1.2

+0.1

+0.1

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 proportions of respondents who answered that their income "hasincreased/will increase" or "has decreased/will decrease" declined, while the proportion of those
who stated that it "has remained the same/will remain the same" rose.
In terms of spending level compared with one year ago and the outlook for spending over a
one-year period, there were declines in the proportions of respondents who indicated that they
"have increased/will increase" or "have decreased/will decrease" their spending, while theproportion of those who answered that they "have neither increased nor decreased/will neither
increase nor decrease" their spending rose.

Chart 5 Income (Questions 7 and 8)(1) Present Income Level Compared with One
Year Ago(2) Income Level One Year from Now Comparedwith the Present

Dec. 06

9.3

46.9

43.4

Dec. 06

7.5

56.2

35.5

Mar. 07

9.7

44.9

45.0

Mar. 07

7.4

53.7

37.9

June 07

8.4

50.6

40.2

June 07

7.3

55.9

36.2

0%

20%

40%

60%

80%

0%

100%

20%

40%

60%

80%

100%

Will increase
Will remain the same
Will decrease

Has increased
Has remained the sameHas decreased

Chart 6 Spending (Questions 9 and 11)(2) Spending Level One Year from Now
Compared with the Present(1) Present Spending Level Compared withOne Year Ago
Dec. 06
Mar. 07
June 07
0%

37.3

43.0

19.4

Dec. 06

36.7

40.1

22.1

Mar. 07

36.1

41.4

21.1

June 07

20%

40%

60%

80%

5.2
5.8
5.2
100%

Have increased
Have neither increased nor decreased
Have decreased

0%

44.6

49.6

41.0

52.7

44.6

49.4

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 over the next twelve
months, the proportion of respondents1 who felt "quite worried" decreased, while the proportionsof those who replied that they were "slightly worried" or "not particularly worried" increased.
1

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

Chart 7 Concerns over Employment and Working Arrangements over the Next Twelve Months(Question 20 [workers1])

35.1

Dec. 06

48.1

41.0

Mar. 07

0%

20%

14.8

43.8

36.4

June 07

16.9

46.7
40%

60%

16.6
80%

100%

Quite worried
Slightly worried
Not particularly worried

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, theproportions of respondents who felt that prices1 "have remained almost unchanged" or "havegone down"2 fell, while the proportion of those who felt that they "have gone up"3 rose,
accounting for over 50 percent.
When asked to what extent the price levels have changed compared with one year ago in terms ofa specific figure, the average was 3.7 percent, increasing from 2.3 percent in the previous survey.
The median was 2.0 percent, also rising from 0.0 percent in the previous survey.
1

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

Chart 8 Perception of the Present Price Levels (Questions 12 and 13)(1) Present Compared with One Year Ago

39.0

Dec. 06

7.5
Mar. 07

7.0 0.3

45.5
52.6

35.0

8.4 0.4

3.4
47.0

June 07

4.8 0.2

41.0

6.0
0%

20%

40%

60%

80%

100%

Have gone up significantly
Have gone up slightly
Have remained almost unchanged
Have gone down slightly
Have gone down significantly(3) Distribution of Current Survey Answers1, 2(2) Changes in the Price Levels Comparedwith One Year Ago
1

Dec. 06
Mar. 07
June 07

Average
+2.9%
+2.3%
+3.7%

1.7

2

Median
+0.5%
0.0%
+2.0%

(3.7)

1.2

1.4
(2.0)

(2.7)

21.5
(15.0)

36.1

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 +3.9
percent, and that of the previous survey inMarch 2007 was +2.4 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

(47.0)

23.5(17.4)

14.6(12.3)-5.1% and under-2.1% to -5.0%-0.1% to -2.0%0%0.1% to 2.0%
2.1% to 5.0%
5.1% and overNotes: 1. Percent.
2. Figures in parentheses represent resultsof the previous survey (March 2007).

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 increased from the previous survey, accounting for a little morethan 70 percent.
When asked to what extent the price levels will change one year from now in terms of a specificfigure, the average was 4.5 percent, rising from 3.0 percent in the previous survey. The medianwas 3.0 percent, also increasing from 1.0 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 14 and 15)(1) One Year from Now Compared with the Present

60.9

Dec. 06

6.7

28.2

0.2
3.5

36.1

55.3

Mar. 07

3.3

0.3
4.0

64.6

June 07

0.3

23.9

7.2
0%

20%

40%

60%

2.3

80%

100%

Will go up significantly
Will go up slightly
Will remain almost unchanged
Will go down slightly
Will go down significantly(3) Distribution of Current Survey Answers1, 2(2) Changes in the Price Levels One Year fromNow
1

Dec. 06
Mar. 07
June 07

Average
+3.5%
+3.0%
+4.5%

0.8

2

Median
+2.0%
+1.0%
+3.0%

0.7

(2.0)

0.6
(1.4)

(0.9)

23.7

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 +4.7
percent, and that of the previous survey inMarch 2007 was +3.0 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

23.2(14.5)(35.1)

30.1(19.0)(27.1)

20.9-5.1% and under-2.1% to -5.0%-0.1% to -2.0%0%0.1% to 2.0%
2.1% to 5.0%
5.1% and overNotes: 1. Percent.
2. Figures in parentheses represent resultsof the previous survey (March 2007).

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 increased from the previous survey, accounting for more than
80 percent.
When asked about the specific rate of price change per year on average over the next five years,
the average was 4.7 percent, rising from 4.0 percent in the previous survey. The median was 3.0
percent, also increasing from 2.0 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 16 and 17)(1) Outlook for the Next Five Years

28.6

Dec. 06

Mar. 07

53.6

21.5

56.7

26.9

June 07
0%

11.8
3.5
14.1
4.4
10.7

55.8
20%

40%

60%

3.2

80%

0.7
0.5
0.4
100%

Will go up significantly
Will go up slightly
Will remain almost unchanged
Will go down slightly
Will go down significantly(3) Distribution of Current Survey Answers1, 2(2) Changes in the Price Levels per Year on
Average over the Next Five Years
1

Dec. 06
Mar. 07
June 07

Average
+4.2%
+4.0%
+4.7%

1.0

2

Median
+2.5%
+2.0%
+3.0%

0.8

1.3

(1.4)

(2.1)

(1.0)

22.0

11.1
(14.9)(18.4)

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 +4.8
percent, and that of the previous survey inMarch 2007 was 4.1 percent.)
2. The number that appears in the middle
when the answers are listed in numericalorder.

31.5
32.3(29.6)(32.6)-5.1% and under-2.1% to -5.0%-0.1% to -2.0%0%0.1% to 2.0%
2.1% to 5.0%
5.1% and overNotes: 1. Percent.
2. Figures in parentheses represent resultsof the previous survey (March 2007).

9

4. Comments on the rise in prices
Among all respondents, 53.0 percent answered that prices compared with one year ago "havegone up"1 and were asked for comments on the price rise; the proportion of those who stated thatthe price rise was "rather unfavorable" exceeded 80 percent, as in the previous surveys.
1"Have gone up" comprises "have gone up significantly" and "have gone up slightly."

Chart 11 Comments on the Price Rise (Question 12-(a))

13.0

83.0

13.8

82.4

12.6

84.5

Dec. 06

2.9
Mar. 07

3.2
June 07

2.1
0%

20%

Rather favorable

40%

60%

80%

Neither favorable nor unfavorable

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 rise" increased, while the proportion of those who stated that they
"will drop" decreased.
Chart 12 Perception of the Future Development in Land Prices (Question 18)(1) Perception of the Future Development in Land Prices
Dec. 06

46.2

35.0

17.4

Mar. 07

42.8

36.4

18.7

June 07

45.9
0%

35.8

20%

40%

60%

Will riseWill remain the same

15.6
80%

100%

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

Percentage points

30

28.1

25

31.9

24.1

20

11.8

15
10
5

30.3

28.8

0.7

2.6

3.1

3.0

2.6

3.2

4.5

Sep.
04

Dec.
04

Mar.
05

June
05

Dec.
05

Mar.
06

0
-5
-10
June
04

10

June
06

Sep.
06

Dec.
06

Mar.
07

June
07

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 greater potential to grow above the current level"
increased slightly from the previous survey, while the proportion of those who answered that it"has less potential to grow compared to the current level" decreased.

Chart 13 Perception of the Japanese Economy's Growth Potential (Question 19)(1) Perception of the Japanese Economy's Growth Potential
Dec. 06

49.7

46.2

48.1

47.9

49.8

45.4

3.4
Mar. 07

2.7
June 07

2.9
0%

20%

40%

60%

80%

100%

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

Percentage points

-29.9
-30
-35

-32.3

-32.1

-32.2

-31.9

-36.7

-38.0

-36.4
-40

-37.2

-39.0

-42.5

-42.8

-45

-45.2
-50
June
04

Sep.
04

Dec.
04

Mar.
05

June
05

Dec.
05

11

Mar.
06

June
06

Sep.
06

Dec.
06

Mar.
07

June
07

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 systemstability), the proportions of respondents who stated that they "have knowledge of it" decreased
from the previous survey.

Chart 14 Recognition of Price Stability (Question 21)(1) One objective of the Bank is to maintain pricestability.

Dec. 06
Mar. 07
June 070%(2) The Bank conducts its current monetary policy bycontrolling a short-term interest rate.

Dec. 06
Mar. 07
June 07
0%

33.5
35.4
31.6
20%

46.4
45.0
45.4
40%

32.3
33.0
30.5
20%

60%

44.1
45.9
42.8
40%

60%

19.7
19.2
22.4
80%

100%

23.4
20.7
26.3
80%

100%

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

Chart 15 Recognition of Financial System Stability (Question 22)(1) One objective of the Bank is to maintain financial
system stability.

Dec. 06
Mar. 07
June 070%(2) The Bank provides safe settlement instruments withthe highest settlement finality, such as banknotes
and current accounts at the Bank, and operates its
own funds transfer system and settlement system forJapanese government securities.
(3) The Bank can extend loans such as special loans tofinancial institutions in order to ensure financial
system stability.

Dec. 06
Mar. 07
June 070%Dec. 06
Mar. 07
June 070%(4) The Bank conducts on-site examinations and visits
to financial institutions.

Dec. 06
Mar. 07
June 07
0%

39.7
42.1
38.0
20%

40.8
41.2
40.2
40%

36.7
39.0
36.7
20%

43.8
43.1
40.3
40%

44.4
43.4
41.0
20%

34.4
34.8
31.2
20%

60%

60%

33.5
36.0
33.9
40%

60%

33.4
35.0
33.5
40%

60%

19.2
16.4
21.2
80%

100%

19.3
17.7
22.5
80%

100%

21.7
20.2
24.5
80%

100%

32.0
30.0
34.5
80%

100%

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

122. Recognition of electronic payment of treasury funds
When asked whether they know that electronic payment of national taxes and social security
premiums can be made without visiting a teller window, by using the Automated Teller
Machines (ATMs) and electronic banking services, the proportion of respondents who indicatedthat they "have knowledge of it" accounted for about 45 percent.
Chart 16 Recognition of Electronic Payment of Treasury Funds (Question 24)1
June 06

44.3

Dec. 06

41.8

32.5

0%

25.3

32.3

45.6

June 07

22.8

30.9

20%

40%

22.6

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 question is asked every other round of the survey.

3. Condition of the new series of Bank of Japan notes
When asked about the condition of the new series of Bank of Japan notes issued sinceNovember 2004, high-denomination banknotes were considered cleaner than low-denomination
banknotes, as in the 28th round of the survey (conducted in December 2006, the last time thisquestion was previously asked).
The proportion of respondents who stated that each denomination of banknotes "is clean"1decreased, while those who indicated they "cannot say" increased.
1"Is clean" comprises "is clean" and "is relatively clean."Chart 17 Condition of the New Series of Bank of Japan Notes (Question 25)1
(1) 10,000 yen note

June 06

5.2

26.9

Dec. 06

5.6

30.0

June 07

5.3

34.6

June 06

8.3

30.2

Dec. 06

11.0

33.3

June 07

9.4

38.6

1.1

1.0
1.7

(2) 5,000 yen note

1.7

2.0
2.5

(3) 1,000 yen note

47.9

18.6

45.6

17.3

44.9

12.5

42.6

16.8

38.1

15.1

38.8

10.0

June 06

19.2

34.4

28.7

10.6

Dec. 06

21.6

34.7

27.9

8.6

June 07

21.0

40.4

6.9
6.3
6.1
0%

20%

40%

Is becoming worn
Cannot say
Is cleanNote: 1. This question is asked every other round of the survey.

13

60%

24.9

6.8

80%

100%

Is becoming somewhat worn
Is relatively clean

4. Interest in, recognition of, and evaluation of the Bank
When asked about their interest in, recognition of, and evaluation of the Bank, the proportion of
respondents who stated that they "have an interest in the Bank's activities"1 decreased,accounting for about 25 percent. The proportion of respondents who thought that the Bank "isrelated to our lives"2 also declined, accounting for a little less than 70 percent. The proportion of
respondents who replied that the Bank "is contributing to our lives"3 also decreased, representing
somewhat over 40 percent.
The proportion of respondents who felt that "the Bank's explanations to the public are not clear
enough"4 continued to account for around 60 percent. Among all respondents, 59.6 percent feltthat "the Bank's explanations to the public are not clear enough" and were asked for their reasons(Chart 19), with many stating that they have a "lack of basic knowledge about the Bank," "terms
used in the Bank's explanations are too technical and difficult," they "have difficulty
understanding the mechanism of the financial system and the economy," and they "have never
had the opportunity to read or hear the Bank's explanations," as in the previous surveys.
A little less than 40 percent of respondents stated that they "have confidence in the Bank,"5decreasing from the previous survey, while the proportion of respondents who indicated that they
"do not have confidence in the Bank" accounted for a little more than 10 percent, also decreasingfrom the previous survey.
When asked the reasons for having confidence in the Bank (Chart 20), "because the Bank's
activities are contributing to price stability and financial system stability" continued to be mostfrequently cited, 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 21), "because the Bank
does not maintain a neutral position in conducting its policy" was the response chosen mostoften, followed by "because of my impression that the Bank and its staff are insincere."1"Have an interest in the Bank's activities" comprises "often pay attention" and "have an interest to someextent."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 18 Interest in, Recognition of, and Evaluation of the Bank (Question 23)

A(1) I have an interest in the Bank's
activities.

Dec. 06
Mar.
Mar.
07
June 07(2) The Bank is related to our lives.

Dec. 06
Mar.
Mar.
07
June 07(3) The Bank is contributing to ourlives.

Dec. 06
Mar.
Mar.
07
June 07

Neither A nor B

Close to B

26.3
29.8
25.6

27.5
28.2
29.9

45.9
41.8
44.1

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

17.5 10.9
15.2 9.2
17.9 11.7

The Bank is not related to ourlives.

15.4
15.4
13.9

The Bank is not contributing to
our lives.

71.0
75.2
69.8
41.4
39.8
43.1

42.7
44.3
42.0

5.3 5.0(4) The Bank gives clear explanations Dec. 06
Mar.
Mar.
07
to the public.
June 07

B

Close to A

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

62.1
63.5
59.6

31.9
29.9
34.4

4.7

(5) I have confidence in the Bank.

Dec. 06
Mar.
07
Mar.
June 07
0%

20%

15.2
15.0
12.1

39.7
42.1
47.7

44.0
41.8
38.7
40%

14

60%

80%

100%

I do not have confidence in the
Bank.

Chart 19 Reasons Why the Bank's Explanations Are Unclear (Question 23-(a))1
40.5
38.9
43.5
36.6
38.7
36.9
38.4
40.4
36.8
32.2
30.7
28.4

Lack of basic knowledge about the Bank.
Terms used in the Bank's explanations are too technical and difficult.
Have difficulty understanding the mechanism of the financial systemand the economy.
Have never had the opportunity to read or hear the Bank's
explanations.
14.4
14.4
14.9

Do not know where to look in order to obtain information about the
Bank.
0.4
1.0
0.8
2.2
3.5
2.5

Dec. 06
Mar. 07
June 07
50%

40%

30%

20%

10%

The Bank's web site is inconvenient.
Other.

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

Chart 20 Reasons for Having Confidence in the Bank (Question 23-(b))1
62.8
66.8
67.5

Because the Bank's activities are contributing to price stability andfinancial system stability.
44.6
41.4
44.7

Because the Bank maintains a neutral position in conducting its policy.
12.1
11.1
14.0

Because of my impression that the Bank and its staff are sincere.
3.2
2.9
4.2
4.2
4.9
3.1
5.0
4.8
3.4

Dec. 06
Mar. 07
June 07

Because the Bank makes an effort to provide clear explanations to thegeneral public about its activities, and to collect public opinion data.
Because I support the content and intention of the Bank's policy.
Other.

80% 70% 60% 50% 40% 30% 20% 10% 0%Note: 1. Up to two answers were allowed.

Chart 21 Reasons for Not Having Confidence in the Bank (Question 23-(c))1
Because the Bank does not maintain a neutral position in conducting
its policy.

44.8
53.9
48.7

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

44.8
42.4
43.0

Because the Bank does not make enough effort either to provide clear
explanations to the general public about its activities or to collectpublic opinion data.
Because the Bank's activities are not contributing to price stability andfinancial system stability.

31.5
30.5
30.9
23.7
22.0
25.7

Dec. 06
Mar. 07
June 07
60%

50%

40%

30%

20%

5.2
7.1
7.9

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

5.2
5.8
5.7

Other.

10%0%Note: 1. Up to two answers were allowed.

15

IV. Distribution of the Sample by Category
30th round of
the survey(June 2007)1

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

By sex
Male

48.4

48.4

0.0

49.2

Female

51.6

51.6

0.0

50.8

20–29

11.7

15.1

-3.4

14.2

30–39

15.2

18.1

-2.9

16.7

40–49

14.8

15.2

-0.4

13.9

50–59

22.1

18.6

3.5

19.2

60–69

20.6

15.1

5.5

17.6

70–

15.7

17.8

-2.1

18.5

Hokkaido

4.3

4.5

-0.2

4.5

Tohoku

7.3

7.6

-0.3

7.5

Kanto

32.1

32.6

-0.5

32.6

Hokuriku

5.0

4.4

0.6

4.5

Chubu

15.1

14.0

1.1

13.9

Kinki

16.7

16.2

0.5

16.1

Chugoku

5.6

6.0

-0.4

6.0

Shikoku

3.0

3.3

-0.3

3.4

Kyushu

10.9

11.5

-0.6

11.6

By ageBy region

Notes: 1. Percent.
2. Based on the population of municipalities recorded in the Basic Resident Registers asof March 31, 2006.
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
for each 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 of the previous survey (March 2007), except where otherwise
noted.
2

Question 1
How do you think economic conditions have changed compared with one year ago?
(a) Have improved.
11.6 ( 11.1 )(b) Have remained the same.
64.1 ( 65.3 )(c) Have worsened.
23.6 ( 23.2 )Question 2
With regard to Question 1, what makes you think so? (Choose up to two answers.)(a) Media reports.
21.2 ( 18.8 )(b) Economic indicators and statistics.
8.8 ( 7.6 )(c) Business performance of the company I work for, or of my 38.0 ( 37.1 )own company.
(d) Income level for myself or other family members.
55.3 ( 58.8 )(e) Bustle of shopping streets and amusement quarters.
22.2 ( 26.3 )(f) Other.
3.8 ( 2.9 )Question 3
How do you view the current economic conditions?
(a) Are favorable.
(b) Are somewhat favorable.
(c) Are neither favorable nor unfavorable.
(d) Are somewhat unfavorable.
(e) Are unfavorable.

1.0
14.0
39.8
35.2
9.9

Question 4
How do you foresee economic conditions one year from now?
(a) Will improve.
(b) Will remain the same.
(c) Will worsen.

10.2 ( 12.3 )64.3 ( 67.0 )24.7 ( 20.0 )

(
(
(
(
(

0.6 )
12.4 )
40.8 )
35.9 )
10.0 )

Question 5
Considering the current economic conditions, what do you think about the current interest
rate level?
(a) Is too low.
60.7 ( 58.2 )(b) Is appropriate.
23.2 ( 28.4 )(c) Is too high.
11.8 ( 10.5 )Question 6
What do you think about your household circumstances compared with one year ago?
(a) Have become somewhat better off.
5.0 ( 4.7 )(b) Difficult to say.
51.6 ( 49.3 )(c) Have become somewhat worse off.
43.0 ( 45.9 )17

If you chose (a) in Question 6, please answer Question 6-(a). If you chose (c), please answer
Question 6-(b). For remaining respondents, please skip questions 6-(a) and 6-(b) and go on to
Question 7.
Question 6-(a)Why do you think your household circumstances have become better off? (Choose allapplicable answers.)(a) Salary and business income have increased.
48.2 ( 65.2 )(b) Income, such as interest income and dividend payments, 10.0 ( 9.8 )has increased.
(c) Gained special income from sales of real estate.
0.9 ( 1.1 )(d) Prices have declined.
5.5 ( 5.4 )(e) The value of assets such as real estate and stocks has
7.3 ( 10.9 )increased.
(f) The number of dependents in my family has decreased.
29.1 ( 18.5 )(g) Other.
17.3 ( 12.0 )Question 6-(b)Why do you think your household circumstances have become worse off? (Choose allapplicable answers.)(a) Salary and business income have decreased.
63.7 ( 69.7 )(b) Income, such as interest income and dividend payments, 12.7 ( 15.8 )has decreased.
(c) Purchased real estate.
5.0 ( 4.6 )(d) Prices have risen.
30.8 ( 21.1 )(e) The value of assets such as stocks and real estate has
5.7 ( 6.1 )declined.
(f) The number of dependents in my family has increased.
7.7 ( 9.2 )(g) Other.
22.6 ( 27.7 )Question 7
How has your income (or other family members' income) changed from one year ago?
(a) Has increased.
8.4 ( 9.7 )(b) Has remained the same.
50.6 ( 44.9 )(c) Has decreased.
40.2 ( 45.0 )Question 8
What do you expect your income (or other family members' income) will be one year fromnow?
(a) Will increase.
7.3 ( 7.4 )(b) Will remain the same.
55.9 ( 53.7 )(c) Will decrease.
36.2 ( 37.9 )Question 9
How have you (or other family members) changed spending patterns compared with one yearago?
(a) Have increased.
36.1 ( 36.7 )(b) Have neither increased nor decreased.
41.4 ( 40.1 )(c) Have decreased.
21.1 ( 22.1 )If you chose (a) in Question 9, please answer Question 9-(a). If you chose (c), please answer
Question 9-(b). Otherwise, please skip questions 9-(a) and 9-(b) and go on to Question 10.

18

Question 9-(a)Why have you increased your (or other family members') spending? (Choose all applicableanswers.)(a) Because my income has increased.
5.2 ( 6.8 )(b) Because my income is likely to increase in the future.
1.1 ( 2.1 )(c) Because the value of non-financial assets such as real estate
1.5 ( 1.5 )has increased.
(d) Because the value of financial assets such as stocks and1.1 ( 1.5 )bonds has increased.
(e) Because I purchased real estate such as a house.
8.3 ( 7.0 )(f) Because I purchased consumer durable goods such as a car. 20.1 ( 23.0 )(g) Because my spending rose due to an increased number of 19.7 ( 24.5 )dependents in my family.
(h) Because the costs of consumer goods and services have 43.9 ( 38.0 )risen.
(i) Other.
32.3 ( 34.5 )Question 9-(b)Why have you decreased your (or other family members') spending? (Choose all applicableanswers.)(a) Because my income has decreased.
66.5 ( 75.5 )(b) Because my income is not likely to increase in the future.
45.9 ( 51.7 )(c) Because the value of non-financial assets such as real estate
4.3 ( 3.5 )has decreased.
(d) Because the value of financial assets such as stocks and4.6 ( 3.2 )bonds has decreased.
(e) Because my spending has fallen due to a decreased number 12.2 ( 10.6 )of dependents in my family.
(f) Other.
11.3 ( 12.0 )Question 10-1
How have you (or other family members) changed your attitude toward everyday spending
such as on living and educational expenses compared with one year ago?
(a) Have increased.
11.2 ( 12.0 )(b) Have neither increased nor decreased.
54.8 ( 52.7 )(c) Have decreased.
31.9 ( 34.3 )Question 10-2
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 10-1)
compared with one year ago?
(a) Have increased.
6.7 ( 6.1 )(b) Have neither increased nor decreased.
40.7 ( 36.0 )(c) Have decreased.
51.1 ( 57.3 )Question 11
Do you plan to increase or decrease your spending within the next twelve months?
(a) Will increase.
5.2 ( 5.8 )(b) Will neither increase nor decrease.
44.6 ( 41.0 )(c) Will decrease.
49.4 ( 52.7 )19

Question 12
How do you think prices1 have changed compared with one year ago?
(a) Have gone up significantly.
6.0(b) Have gone up slightly.
47.0(c) Have remained almost unchanged.
41.0(d) Have gone down slightly.
4.8(e) Have gone down significantly.
0.2( 3.4 )
( 35.0 )( 52.6 )( 8.4 )
( 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 12, please answer Question 12-(a). If you chose (d) or (e), pleaseanswer Question 12-(b). For remaining respondents, please skip questions 12-(a) and 12-(b) and go
on to Question 13.
Question 12-(a)What is your opinion of the price rise?
(a) Rather favorable.
(b) Rather unfavorable.
(c) Neither favorable nor unfavorable.

2.1 ( 3.2 )84.5 ( 82.4 )12.6 ( 13.8 )Question 12-(b)What is your opinion of the price decline?
(a) Rather favorable.
(b) Rather unfavorable.
(c) Neither favorable nor unfavorable.

56.0 ( 61.6 )22.9 ( 17.4 )20.2 ( 20.3 )Question 13
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
have been unchanged, please put a "0."upCompared with one year ago, the prices have gone

about

percent.

down
Average1
Median2: +3.7 (+2.3) percent: +2.0 ( 0.0) 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 +3.9 percent, and that of the previous
survey was +2.4 percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 14
In which direction do you think prices will move one year from now?
(a) Will go up significantly.
7.2(b) Will go up slightly.
64.6(c) Will remain almost unchanged.
23.9(d) Will go down slightly.
2.3(e) Will go down significantly.
0.3

20( 3.3 )
( 55.3 )( 36.1 )( 4.0 )
( 0.3 )

Question 15
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 beunchanged, please put a "0."up
The prices one year from now will go

about

percent.

down
Average1
Median2: +4.5 (+3.0) percent: +3.0 (+1.0) 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 +4.7 percent, and that of the previous
survey was +3.0 percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 16
In which direction do you think the prices will move over the next five years?
(a) Will go up significantly.
26.9 ( 21.5 )(b) Will go up slightly.
55.8 ( 56.7 )(c) Will remain almost unchanged.
10.7 ( 14.1 )(d) Will go down slightly.
3.2 ( 4.4 )(e) Will go down significantly.
0.4 ( 0.5 )Question 17
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 that they will be unchanged, please put a "0."up
The prices will go

about

percent per year on average over the next five years.

down
Average1
Median2: +4.7 (+4.0) percent: +3.0 (+2.0) 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 +4.8 percent, and that of the previous
survey was +4.1 percent.)
2. The number that appears in the middle when the answers are listed in numerical order.

Question 18
What do you foresee as the future development in land prices?
(a) Will rise.
(b) Will remain the same.
(c) Will drop.

45.9 ( 42.8 )35.8 ( 36.4 )15.6 ( 18.7 )Question 19
How do you view the Japanese economy's growth potential in the long run?
(a) Has greater potential to grow above the current level.
2.9 ( 2.7 )(b) Has potential to grow at about the current level.
49.8 ( 48.1 )(c) Has less potential to grow compared to the current level.
45.4 ( 47.9 )21

Question 20
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(a) Not particularly worried.
15.5 ( 14.3 )16.6 ( 14.8 )(b) Slightly worried.
47.5 ( 45.4 )46.7 ( 43.8 )(c) Quite worried.
33.5 ( 38.2 )36.4 ( 41.0 )Note: 1. Workers are company employees, civil servants, other types of employees, or part-timers.

Questions 21 through 25 ask about your knowledge of the Bank of Japan (hereafter "the Bank").
Question 21
Questions 21-(1) and 21-(2) 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 21-(1)Do you know that one objective of the Bank is to maintain price stability?
(a) Have knowledge of it.
31.6 ( 35.4 )(b) Have read or heard of it, but do not have detailed 45.4 ( 45.0 )knowledge.
(c) Have never heard of it.
22.4 ( 19.2 )Question 21-(2)Do you know that the Bank conducts its current monetary policy by controlling a short-term
interest rate?
(a) Have knowledge of it.
30.5 ( 33.0 )(b) Have read or heard of it, but do not have detailed 42.8 ( 45.9 )knowledge.
(c) Have never heard of it.
26.3 ( 20.7 )Question 22
Questions 22-(1), 22-(2), 22-(3), and 22-(4) ask about financial system stability, which is one of theBank's two objectives. Please choose the most applicable level of your knowledge relative to thesequestions.
Question 22-(1)Do you know that one objective of the Bank is to maintain financial system stability?
(a) Have knowledge of it.
38.0 ( 42.1 )(b) Have read or heard of it, but do not have detailed 40.2 ( 41.2 )knowledge.
(c) Have never heard of it.
21.2 ( 16.4 )Question 22-(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 securities?
(a) Have knowledge of it.
36.7 ( 39.0 )(b) Have read or heard of it, but do not have detailed 40.3 ( 43.1 )knowledge.
(c) Have never heard of it.
22.5 ( 17.7 )22

Question 22-(3)Do you know that the Bank can extend loans such as special loans to financial institutions inorder to ensure financial system stability?
(a) Have knowledge of it.
41.0 ( 43.4 )(b) Have read or heard of it, but do not have detailed 33.9 ( 36.0 )knowledge.
(c) Have never heard of it.
24.5 ( 20.2 )Question 22-(4)Do you know that the Bank conducts on-site examinations and visits to financial institutions?
(a) Have knowledge of it.
31.2 ( 34.8 )(b) Have read or heard of it, but do not have detailed 33.5 ( 35.0 )knowledge.
(c) Have never heard of it.
34.5 ( 30.0 )Question 23
Questions 23-(1), 23-(2), 23-(3), 23-(4), and 23-(5) ask about your view of the Bank. Please makethe most applicable choice relative to these questions.
Question 23-(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.

5.4
20.2
29.9
31.5
12.6

(
(
(
(
(

Question 23-(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.

36.2
33.6
17.9
8.1
3.6

( 38.6 )( 36.6 )( 15.2 )( 6.8 )
( 2.4 )

Question 23-(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.

14.5
27.5
43.1
9.0
4.9

(
(
(
(
(

1.0
3.7
34.4
39.1

( 0.8 )
( 4.5 )
( 29.9 )( 41.0 )Question 23-(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

6.8 )
23.0 )
28.2 )
31.1 )
10.7 )

15.6 )
28.7 )
39.8 )
10.0 )
5.4 )

20.5 ( 22.5 )Question 23-(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.

11.3
27.4
47.7
9.0
3.1

(
(
(
(
(

13.8 )
28.0 )
42.1 )
10.9 )
4.1 )If you chose (d) or (e) in Question 23-(4), please answer Question 23-(a). If you chose (a) or (b) in
Question 23-(5), please answer Question 23-(b), but if you chose (d) or (e), please answer Question
23-(c). Otherwise, please skip questions 23-(a), 23-(b), and 23-(c) and go on to Question 24.
Question 23-(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 36.9 ( 38.7 )difficult.
(b) Lack of basic knowledge about the Bank.
43.5 ( 38.9 )(c) Have difficulty understanding the mechanism of the 36.8 ( 40.4 )financial system and the economy.
(d) Have never had the opportunity to read or hear the Bank's 28.4 ( 30.7 )explanations.
(e) Do not know where to look in order to obtain information 14.9 ( 14.4 )about the Bank.
(f) The Bank's web site is inconvenient.
0.8 ( 1.0 )(g) Other.
2.5 ( 3.5 )Question 23-(b)Why do you have confidence in the Bank? (Choose up to two answers.)(a) Because the Bank's activities are contributing to price 67.5
stability and financial system stability.
(b) Because I support the content and intention of the Bank's
3.1
policy.
(c) Because the Bank maintains a neutral position in 44.7
conducting its policy.
(d) Because the Bank makes an effort to provide clear
4.2
explanations to the general public about its activities, andto collect public opinion data.
(e) Because of my impression that the Bank and its staff are 14.0
sincere.
(f) Other.
3.4( 66.8 )(( 41.4 )(2.9 )( 11.1 )(Question 23-(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 25.7 (stability and financial system stability.
(b) Because I am opposed to the content and intention of the
7.9 (Bank's policy.
(c) Because the Bank does not maintain a neutral position in 48.7 (conducting its policy.
(d) Because the Bank does not make enough effort either to 30.9 (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 43.0 (insincere.
(f) Other.
5.7 (

24

4.9 )

4.8 )

22.0 )
7.1 )
53.9 )
30.5 )

42.4 )
5.8 )Question 24
Do you know that electronic payments of national taxes, national pension premiums, andlabor insurance premiums can be made without visiting a teller window, by using theAutomated Teller Machines (ATMs) and electronic banking services?1(a) Have knowledge of it.
45.6 ( 41.8 )(b) Have read or heard of it, but do not have detailed 30.9 ( 32.3 )knowledge.
(c) Have never heard of it.
22.6 ( 25.3 )Note: 1. This question is asked every other round of the survey. Figures in parentheses represent results ofthe 28th round of the survey, conducted in December 2006.

Question 25
Questions 25-(1), 25-(2), and 25-(3) ask about the condition of the new series of Bank of Japan
notes issued since November 2004 that you use in your daily life.1
Question 25-(1)How do you view the condition of 10,000 yen notes?
(a) Is becoming worn.
(b) Is becoming somewhat worn.
(c) Cannot say.
(d) Is relatively clean.
(e) Is clean.

1.7
5.3
34.6
44.9
12.5

( 1.0 )
( 5.6 )
( 30.0 )( 45.6 )( 17.3 )Question 25-(2)How do you view the condition of 5,000 yen notes?
(a) Is becoming worn.
(b) Is becoming somewhat worn.
(c) Cannot say.
(d) Is relatively clean.
(e) Is clean.

2.5
9.4
38.6
38.8
10.0

(
(
(
(
(

Question 25-(3)How do you view the condition of 1,000 yen notes?
(a) Is becoming worn.
(b) Is becoming somewhat worn.
(c) Cannot say.
(d) Is relatively clean.
(e) Is clean.

6.1
21.0
40.4
24.9
6.8

( 6.3 )
( 21.6 )( 34.7 )( 27.9 )( 8.6 )

2.0 )
11.0 )
33.3 )
38.1 )
15.1 )

Note: 1. This question is asked every other round of the survey. Figures in parentheses represent results ofthe 28th round of the survey, conducted in December 2006.

This last set of questions asks about you and your household. Although these include questionsof a personal nature, they are only used for analyzing the survey results and we would be very
grateful for your responses.
Question 26
Are you male or female?
(a) Male.
(b) Female.

48.4 ( 46.9 )51.6 ( 53.1 )25

Question 27
What age group are you in?
(a) 20–29.
(b) 30–39.
(c) 40–49.
(d) 50–59.
(e) 60–69.
(f) 70–.

11.7
15.2
14.8
22.1
20.6
15.7

Question 28
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) Regular employee (company employee including manager
and civil servant).
(d) Non-regular employee (part-timer).

(
(
(
(
(
(

11.3 )
15.8 )
16.2 )
21.4 )
18.3 )
16.9 )

3.5 ( 2.6 )11.2 ( 12.1 )33.9 ( 34.1 )14.6 ( 13.2 )

Other
(e)

Other (full-time
unemployed, etc.).

homemaker,

student,

pensioner,

33.0 ( 35.4 )Question 29
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 fromland sales, but includes pensions.)(a) Less than 3 million yen.
37.3 ( 35.0 )(b) 3 million or more but less than 5 million yen.
27.4 ( 28.5 )(c) 5 million or more but less than 10 million yen.
22.9 ( 23.0 )(d) 10 million yen or greater.
6.3 ( 7.8 )(e) No income.
3.8 ( 3.8 )Question 30
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.).

11.2
24.6
45.9
14.7
2.9

(
(
(
(
(

10.3 )
24.0 )
49.9 )
13.6 )
1.9 )Please freely give us your comments or express wishes relative to the Bank's policy and/or
operations.
(a) Offered comments.
17.9 ( 17.1 )(b) Offered no comments.
82.1 ( 82.9 )26