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Asahi poll: 61% “do not expect” negative interest rate policy to bring economic recovery

  • 2016-02-16 15:00:00
  • , Asahi
  • Translation

(Asahi: February 16, 2016 – p. 1)

 

 The Asahi Shimbun conducted a telephone-based public opinion survey nationwide on Feb. 13–14. When asked whether they expect the “negative interest rate policy,” which is to be implemented by the Bank of Japan from Feb. 16, to lead to economic recovery, 61% of pollees said “no,” greatly exceeding the 13% who said “yes.”

 

 Even among supporters of the Abe cabinet, 49% said they believe the negative interest rate policy will not lead to an economic recovery, much higher than the 24% who said the policy will. Over half of both Liberal Democratic Party supporters and unaffiliated voters were negative about the policy, with 51% of LDP supporters and 63% of those unaffiliated saying they do not expect much from the BOJ move.

 

 When asked whether they expect the Japanese economy to grow under PM Abe’s economic policies, 49% said “no,” topping the 32% who said “yes.” The ratio of pessimistic responses was the highest since Abe returned to power in December 2012. The percentage of voters who support Abenomics has steadily declined since peaking at 55% in a survey taken in April 2013. That survey also marked the lowest figure for those pessimistic about Abenomics at 26%.

 

 Regarding the resignation of former Minister in Charge of Economic Revitalization Akira Amari, 62% of pollees said, “It makes sense that Amari resigned.”

 

 The cabinet support rate held more or less steady at 40% compared with the 42% marked in the previous survey conducted in January. The nonsupport rate was 38% (previous survey: 38%).

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