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Japan BOJ Household Survey: Economy

Households' views on economic conditions now and one year ahead, household circumstances and the reasons, income and spending changes and plans, employment worries and perceptions of the interest rate level.

Source: 日本銀行「生活意識に関するアンケート調査」Last updated: Sep 24, 2026, 15:14Curated by Bui Thanh PhucAbout this data ↓

IndicatorQ2-2026Q1-2026Q4-2025Q3-2025Q2-2025Q1-2025Q4-2024Q3-2024Q2-2024Q1-2024Q4-2023Q3-2023Q2-2023
Impression of Present Economic Conditions Compared with One Year Ago4
Have improved5.86.35.43.83.54.63.96.97.710.79.312.513.7
Have remained the same31.241.238.533.525.430.535.937.5344231.231.936.3
Have worsened62.551.855.862.570.564.459.855.157.546.858.95549.6
D.I.-56.7-45.5-50.4-58.7-67-59.8-55.9-48.2-49.8-36.1-49.6-42.5-35.9
Basis for the Impression of Present Economic Conditions6
Media reports383131.734.63933.632.130.934.529.73433.633.7
Economic indicators and statistics17.414.513.31719.715.914.615.517.91416.113.913.6
Business performance of the company I work for, or of my own company2526.327.726.924.225.628.327.725.327.624.926.628.8
Income level for myself or other family members4350.251.147.242.84646.946.948.750.444.944.445.2
Bustle of shopping streets and dining establishments20.72019.819.919.222.820.322.418.622.82325.123.4
Other8.77.17.47.610.199.88.17.77.18.66.87.8
Current Economic Conditions5
Favorable0.710.70.50.10.20.10.20.50.90.60.60.7
Somewhat favorable7.17.86.94.54.154.876.78.75.68.28.3
Difficult to say21.426.224.621.217.120.923.925.723.829.325.22528.3
Somewhat unfavorable46.845.245.949.248.746.146.846.244.641.545.642.242.8
Unfavorable23.519.621.624.429.627.22420.323.519.222.723.419.1
Outlook for Economic Conditions One Year From Now4
Will improve7.414.313.85.54.55.75.76.67.913.68.410.516.6
Will remain the same4252.553.448.446.550.751.256.550.95552.548.250.5
Will worsen49.932.832.145.748.442.842.636.240.330.838.540.632.4
D.I.-42.5-18.5-18.3-40.2-43.9-37.1-36.9-29.6-32.4-17.2-30.1-30.1-15.8
Perception of the Interest Rate Level3
Too low33.338.342.439.839.9454448.651.751.15346.548.5
Appropriate40.837.635.837.436.53333.533.3313329.734.135.2
Too high242219.420.921.219.320.515.914.813.715.116.713.8
Impression of Present Household Circumstances Compared with One Year Ago4
Have become better off4.85.854.53.83.94.75.33.65.34.13.14.1
Difficult to say39.640.13738.634.339.437.641.339.844.338.938.638.3
Have become worse off5553.457.256.16155.957.152.755.749.556.257.456.8
D.I.-50.2-47.6-52.2-51.6-57.2-52-52.4-47.4-52.1-44.2-52.1-54.3-52.7
Reason(s) Why Household Circumstances Have Become Better Off7
My salary and business income have increased56.163.257.463.359.764.265.766.165.85958.859.760.5
My interest income and dividend payments have increased19.429.120.81016.97.414.118.319.71915.312.911.6
I gained special income from sales of real estate3.14.313.32.67.422.63.93.81.23.22.3
Prices have declined00000021.7011.200
The value of my household's assets such as real estate and stocks has increased21.424.821.813.31311.110.111.319.722.93.56.54.7
The number of dependents in my household has decreased11.210.315.815.622.117.315.215.713.29.523.519.419.8
Other19.411.119.815.610.413.614.116.53.914.318.819.419.8
Reason(s) Why Household Circumstances Have Become Worse Off7
My salary and business income have decreased28.631.532.134.830.329.133.635.534.235.534.134.536.1
My interest income and dividend payments have decreased4.54.16.26.37.85.77.27.677.87.98.66.5
I purchased real estate2.52.52.52.81.53.22.32.72.1322.62.4
Prices have risen92.692.19191.293.791.389.790.691.489.490.888.789.2
The value of my household's assets such as real estate and stocks has declined2.91.71.52.55.23.42.73.92.422.72.63
The number of dependents in my household has increased4.53.34.74.34.24.84.64.75.95.55.55.15.8
Other12.711.810.712.110.711.712.69.111.411.910.511.711.8
Present Income Level Compared with One Year Ago3
Has increased16.318.615.816.114.916.117.11915.915.612.712.711.4
Has remained the same54.554.755.853.153.454.951.851.153.154.554.654.352
Has decreased2725.127.32930.627.730.128.829.628.531.731.834.5
Reason(s) Why Income Has Increased6
My regular income, base pay, or hourly wage has changed69.265.36967.46767.563.772.266.560.564.169.164.6
My work situation, such as working hours and responsibilities, has changed16.92121.618.624.718.22419.823.4182617.228.8
My job and/or main source of income has changed9.714.112.512.11113.112.811.513.911.317.212.112.5
Changes in economic conditions are being reflected in my income5.76.65.36.24.35.44.24.64.77.15.75.96.3
Changes in prices are being reflected in my income7.68.56.66.510.38.76.77.65.65.555.55
Other8.812.77.59.3998.19.57.412.26.56.67.1
Reason(s) Why Income Has Decreased6
My regular income, base pay, or hourly wage has changed2220.420.726.923.52122.52420.322.521.927.923.9
My work situation, such as working hours and responsibilities, has changed34.63231.935.232.831.431.532.630.530.73325.429.4
My job and/or main source of income has changed27.527.924.525.725.323.425.326.8272425.823.621.4
Changes in economic conditions are being reflected in my income16.417.322.120.521.119.420.717.221.618.419.920.121.8
Changes in prices are being reflected in my income36.837.938.540.539.837.640.23539.738.135.639.938.5
Other14.915.516.313.81313.915.512.412.11611.812.313
Outlook for Income One Year from Now3
Will increase13.314.212.511.911.310.91111.712.212.310.89.110.2
Will remain the same56.159.459.955.557.558.157.758.855.458.856.559.557
Will decrease28.824.926.530.729.729.529.928.13127.331.429.631.1
Reason(s) for Considering That Income Will Increase6
My regular income, base pay, or hourly wage will change63.761.565.169.367.165.56365.563.164.263.565.256.9
My work situation, such as working hours and responsibilities, will change24.123.32119.321.923.521.722.623.123.223.922.321.8
My job and/or main source of income will change17.817.415.113.915.814.616.111.118.115.919.419.619.4
Changes in economic conditions will be reflected in my income713.911.19.27.96.64.869.66.95.96.56.5
Changes in prices will be reflected in my income9.610.414.388.810.28.77.57.39.85.97.69.3
Other797.113.46.66.27.48.37.39.38.19.211.6
Reason(s) for Considering That Income Will Decrease6
My regular income, base pay, or hourly wage will change23.818.221.52222.721.822.319.324.624.624.525.723.6
My work situation, such as working hours and responsibilities, will change32.132.32734.128.429.329.729.328.730.131.228.229.6
My job and/or main source of income will change27.928.129.628.525.128.326.527.326.727.325.227.224.2
Changes in economic conditions will be reflected in my income31.124.829.830.731.827.229.329.728.425.126.126.225
Changes in prices will be reflected in my income46.247.146.346.745.247.850.141.546.343.743.144.647.4
Other9.612.113.110.610.711.413.111.29.41110.511.69.9
Present Spending Level Compared with One Year Ago3
Has increased60.360.961.159.261.96159.156.458.557.257.858.459.4
Has neither increased nor decreased27.128.727.728.225.927.527.530.528.830.628.929.327.1
Has decreased11.29.310.211.511.310.812.111.911.710.712.111.111.9
Reason(s) Why Household Has Increased Its Spending10
My income has increased4.46.54.94.83.83.53.65.23.94.23.73.53.1
My income is likely to increase in the future0.90.90.70.810.90.7110.910.81.1
The value of my household's non-financial assets such as real estate has increased2.53.12.32.71.81.71.92.12.71.71.811
The value of my household's financial assets such as stocks and bonds has increased22.11.40.80.61.10.81.51.51.61.31.20.5
I purchased real estate such as a house2.42.32.232.14.33.33.13.14.32.42.53
I purchased consumer durable goods such as a car1311.913.713.612.21213.812.612.213.213.412.210.5
My spending related to education has increased22.922.422.820.924.323.22422.224.725.222.22225.5
My spending has risen due to an increased number of dependents in my household6.979.49.69.488.111.39.610.48.18.710.4
The costs of consumer goods and services have risen85.486.688.286.687.287.987.885.786.68486.388.587.4
Other7.77.85.96.26.76.167.25.96.77.97.56.4
Reason(s) Why Household Has Decreased Its Spending7
My income has decreased57.558.765.965.560.860.364.362.359.460.365.661.266.1
My income is not likely to increase in the future40.839.745.945.94144.243.145.146.649.142.446.943
The value of my household's non-financial assets such as real estate has decreased0.90.511.32.22.72.42.30.43.31.22.71.2
The value of my household's financial assets such as stocks and bonds has decreased2.20.53.92.64.82.22.73.12.82.33.644
My spending has fallen due to a decreased number of dependents in my household10.513.810.71011.512.19.89.78.89.811.210.310.8
The costs of consumer goods and services have declined12.77.47.37.99.39.49.46.68.877.27.110.8
Other10.116.410.29.612.810.712.511.711.213.19.611.69.6
Changes in Everyday Spending3
Has increased31.930.532.529.630.730.927.928.327.928.426.626.127.1
Has neither increased nor decreased41.242.941.344.241.842.142.744.843.74443.945.844
Has decreased252424.923.725.92527.324.625.92527.225.726.7
Changes in Selective Spending3
Has increased7.58.58.89.26.87.97.998.110.1910.210.4
Has neither increased nor decreased41.241.940.840.737.540.74042.240.84238.939.340.2
Has decreased49.647.449.247.954.449.850.547.249.345.750.448.547.3
Plans for Spending Within the Year Ahead3
Will increase11.811.510.710.49.310.29.79.610.911.18.810.19.9
Will neither increase nor decrease44.2504948.446.446.645.550.34546.94848.145.9
Will decrease41.83739.139.342.741.343.238.442.14041.640.142.2
Major Factor(s) to Be Considered When Making Spending Decisions for the Year Ahead7
An increase or decrease in my household's income47.948.949.1504845.24849.450.350.750.647.948.8
An increase or decrease in the value of my household's assets such as savings, stocks, and real estate17.318.816.716.616.316.515.7201919.715.315.916.7
Progress in loan repayments10.212.910.312.710.910.811.111.110.11210.810.710.7
Future developments in prices71.870.671.569.472.571.869.367.368.364.867.468.266.2
An increase or decrease in leisure time and holidays20.419.720.123.321.821.122.421.622.221.722.320.120.9
Whether there are appealing goods and services19.719.219.819.118.52019.618.219.919.120.518.719.7
Other3.13.42.92.73.334.43.12.93.13.33.13.7
Major Factor(s) When Choosing Goods and Services on Which to Spend for the Year Ahead9
Low price59.259.760.257.463.159.460.459.359.558.358.160.658.8
Safety45.946.144.146.445.945.144.447.746.344.744.843.841.9
Reliability42.743.94345.842.940.640.141.240.742.940.642.140.5
Functionality2929.831.830.328.529.93132.328.331.331.631.732
Durability43.541.542.340.442.94243.841.341.742.141.842.243.4
Environmental and social friendliness7.57.26.77.57.18.58.57.88.78.210.49.49.1
After-sales service12.310.611.213.312.413.312.212.411.613.413.314.112.1
Wholesomeness20.420.622.321.220.722.719.219.621.221.321.319.121.2
Other11.10.70.50.80.910.70.80.60.60.71.1

Latest reading

Have improved stood at 5.8% in Q2 2026. That is −0.5 pp from Q1 2026 and +2.3 pp from a year earlier. The series on this page is quarterly and runs from Q2 2006 to Q2 2026.

Latest
5.8%
Q2 2026
vs previous period
−0.5 pp
Q1 2026
vs a year earlier
+2.3 pp

About this data

Households' views on economic conditions now and one year ahead, household circumstances and the reasons, income and spending changes and plans, employment worries and perceptions of the interest rate level. Quarterly survey of about 4,000 individuals aged 20 or over across Japan, conducted by the Bank of Japan in March, June, September and December; shares of respondents in percent (reasons allow multiple answers), diffusion indices in percentage points. Continuous series from June 2006 (26th survey). Source: Bank of Japan, Opinion Survey on the General Public's Views and Behavior.

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