A survey of individual life consciousness conducted by the Bank of Japan from February to last month found that more people said that their income and spending decreased compared to a year ago.
The move to refrain from going out seems to have helped curb spending.
The Bank of Japan is conducting a questionnaire survey of individuals aged 20 and over nationwide in order to explore individual lifestyle consciousness, and this time around 2,200 people responded in the one month period until the 3rd of last month. ..
According to this, 41.9% of the respondents answered that their income was "decreased" compared to a year ago, an increase of 0.9 points from the previous survey in December last year.
On the other hand, 25.5% of respondents answered that their spending was "decreased", an increase of 3.2 points from the previous survey.
Regarding this, the Bank of Japan believes that the move to refrain from going out unnecessarily due to the government's declaration of emergency may have led to a reduction in spending.
On the other hand, when asked about the economy one year later, 23.1% of the respondents answered that they would improve, an increase of 8.7 points from the previous survey.
Regarding this, the Bank of Japan says, "I think more and more people think that the economy will improve, partly because of the expectation that vaccination will progress."