Life under Recession 1998

The Asahi Shimbun conducted a face to face survey on the Japanese opinion about the life under recession in 1998. The survey was done on March 1 and 2, 1998, for 3,000 randomly selected voters, and got effective response from 2,211. Proportion of male vs female was 48% : 52%.

  1. How do you see current economic situation ?
  2. Is you and your family's job or income affected by current recession ?
  3. Do you think economy will recover or become worse within this year ?
  4. Which is the heaviest burden in your daily account ?
  5. Which of living expense below do you plan to cut ?
  6. Self-payment rate of medical expense was increased last September. Do you think this increase too big ?
  7. Do you think the burden from 5% increase in consumption tax is heavy, almost one after its launch ?
  8. The government decided to introduce ¥2 trillion tax cut, which is about 65 thousands for standard family. Will you use this allowance for consumption or savings ?
  9. What do you think is the most serious problem of banks ?
  10. Do you think current super low interest rate should be raised ?
  11. Do recent scandals of financial firms make you think to withdraw your savings and keep those money at hand ?
  12. Do you have expectation or anxiety on the coming Big Bang ?
  13. Do you want to invest in new financial product born out of deregulation which might be more profitable but might be more dangerous ?
  14. Have you reconsider your way of life due to this recession ?
  15. Which do you think more important now, price or quality, comparing to your previous behavior ?
  16. Then do you become more careful about advertising or flier to compare alternative products ?
  17. Which is closer to your feeling on shopping other than daily commodities ?
  18. Do you insist on brand name when buying your belongings ?
  19. Do you think credit card is convenient or insecure ?
  20. Do you think catalog shopping or mail order is convenient or insecure ?
  21. Do you want to have life smiler to other people or individual ?
  22. Which do you prefer, stoical life preparing for future stability or enjoy current life ?
  23. If you lose ¥10 thousands, will you report to police or give up ?
  24. Which do you prefer, gorgeous restaurant dinner or home made dinner to be celebrated your birthday ?
  25. Which do you want to buy, if you can buy anything by money ?
  26. How much money in your parse makes you safe and confident ?
  27. Do you think you can get almost anything enjoyable by money or not ?

Q1: How do you see current economic situation ?

Serious recession  ***************** 67%
 +++++++++++ 44%
Recession, but not so serious  ******* 28%
 ++++++++++++ 48%
Not recession  * 4%
 + 5%
Others/NA  1%
 + 3%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is Mar '97

Q2: Is you and your family's job or income affected by current recession ?

Affected very much  ******* 28%
Affected more or less  ************ 48%
Not affected  ****** 23%
Others/NA  1%

Q3: Do you think economy will recover or become worse within this year ?

Will recover  * 4%
Will become worse  ********* 37%
Unchanged  ************** 54%
Others/NA  * 5%

Q4: Which is the heaviest burden in your daily account ?

Clothing  * 4%
 ++ 6%
Foods  **** 14%
 +++++++ 27%
Housing (including mortgage)  **** 18%
 ++++ 16%
Utilities  ** 6%
 ++++ 16%
Medicare  **** 16%
 ++ 7%
Education  *** 13%
 ++ 10%
Saving for retired life  ****** 24%
 ++ 8%
Others/NA  * 5%
 ++ 10%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is Jun '82

Q5: Which of living expense below do you plan to cut ? (Choose up to two)

Intercourse and pocket money  ****** 23%
Fee for children's crammer and lessons  2%
Dining out  ****** 24%
Fashion  ***** 20%
Insurances  **** 17%
Replacement of car or electric appliances  ******** 32%
Travel and leisure  ****** 26%
Not special  **** 17%
Others/NA  2%

Q6: Self-payment rate of medical expense was increased last September. Do you think this increase too big ?

Too big  ************ 50%
Inevitable  *********** 44%
Others/NA  ** 6%

Q7: Do you think the burden from 5% increase in consumption tax is heavy, almost one after its launch ?

Heavy  ****************** 74%
Not so much  ****** 23%
Others/NA  * 3%

Q8: The government decided to introduce ¥2 trillion tax cut, which is about 65 thousands for standard family. Will you use this allowance for consumption or savings ?

Shopping or leisure  ** 10%
Savings  ***** 20%
Will go to daily expense  **************** 63%
Others/NA  ** 7%

Q9: What do you think is the most serious problem of banks ?

Bad loan  ****** 23%
Cozy relationship with MOF  **** 14%
Super low interest rate  ******** 31%
Reluctance to lending  *** 11%
High salary of bankers  *** 13%
No special problem  * 4%
Others/NA  * 4%

Q10: Do you think current super low interest rate should be raised ?

Keep current level  ****** 26%
Should be raised  **************** 66%
Others/NA  ** 8%

Q11: Do recent scandals of financial firms make you think to withdraw your savings and keep those money at hand ?

Yes  ******* 28%
No  ***************** 68%
Others/NA  * 4%

Q12: Do you have expectation or anxiety on the coming Big Bang ?

Rather expectation  ******** 32%
Rather anxiety  *********** 43%
Cannot tell  ***** 21%
Others/NA  * 4%

Q13: Do you want to invest in new financial product born out of deregulation which might be more profitable but might be more dangerous ?

Yes  **** 16%
No  ******************** 80%
Others/NA  * 4%

Q14: Have you reconsider your way of life due to this recession ?

Yes  *************** 59%
No  ********* 37%
Others/NA  * 4%

Q15: Which do you think more important now, price or quality, comparing to your previous behavior ?

Price  ************ 48%
Quality  *********** 44%
Others/NA  ** 8%

Q16: Then do you become more careful about advertising or flier to compare alternative products ?

Yes  *************** 59%
No  ********** 38%
Others/NA  * 3%

Q17: Which is closer to your feeling on shopping other than daily commodities ?

Want to buy, but no money  ****************** 70%
Have money, but nothing attractive  ****** 24%
Others/NA  ** 6%

Q18: Do you insist on brand name when buying your belongings ?

Yes  ** 10%
No  ********************** 88%
Others/NA  2%

Q19: Do you think credit card is convenient or insecure ?

Convenient  ****** 26%
Insecure  *************** 59%
Others/NA  **** 15%

Q20: Do you think catalog shopping or mail order is convenient or insecure ?

Convenient  ******* 27%
Insecure  **************** 64%
Others/NA  ** 9%

Q21: Do you want to have life smiler to other people or individual ?

Smiler  ************** 57%
 ++++++++++++++++ 65%
Individual  ********** 39%
 ++++++++ 32%
Others/NA  * 4%
 + 3%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is Jun '82

Q22: Which do you prefer, stoical life preparing for future stability or enjoy current life ?

Prepare for future  ************* 52%
 ++++++++++++++ 54%
Enjoy now  ********** 41%
 ++++++++++ 39%
Others/NA  ** 7%
 ++ 7%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is May '90

Q23: If you lose ¥10 thousands, will you report to police or give up ?

Report  ********** 38%
 ++++++++++ 40%
Give up  *************** 60%
 ++++++++++++++ 58%
Others/NA  2%
 2%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is Oct '88

Q24: Which do you prefer, gorgeous restaurant dinner or home made dinner to be celebrated your birthday ?

Gorgeous restaurant  **** 14%
Home made dinner  ********************* 83%
Others/NA  * 3%

Q25: Which do you want to buy, if you can buy anything by money ? (Choose one)

Love  * 5%
Time  **** 15%
Health  ************** 54%
Youth  *** 12%
Talent  *** 12%
Honor 0%
Others/NA  2%

Q26: How much money in your parse makes you safe and confident ?

Less than 3,000  * 3%
More than 3,000  2%
More than 5,000  ** 10%
More than 10,000  *********** 44%
More than 30,000  ***** 21%
More than 50,000  *** 12%
More than 100,000  * 4%
Others/NA  * 4%

Q27: Do you think you can get almost anything enjoyable by money or not ?

Yes  ********** 40%
 +++++++++++++++ 60%
No  *************** 59%
 +++++++++ 37%
Others/NA  1%
 + 3%

*row 1 ( * ) is Mar '98 , row 2 ( + ) is Dec '85

Source: The Asahi Shimbun, March 11, 1998

NOTE: I tried to translate the essence of texts, but not aiming at word-by-word precision. In opinion polls, subtle change of wordings may generate different results. Thus, you should be careful in reading this page, understanding that your impression from the text might not be the same as those of who responded to this survey.



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This is The Web KANZAKI. Edited and translated by MK Status: as reported on 1998-03-11