Twin Survey on the Japanese Economy and Policy Effects: Outline of the Survey and Report of Summary Statistics

Masanori Umeda, Takuma Kawamoto and Masahiro Hori

Economic Analysis, 2018, vol. 197, 146-164

Abstract: To plan economic policies properly and to implement them effectively, efforts to form a con-sensus on the quantitative effects of such policies are necessary. For this purpose, it is useful to grasp differences in perceptions of the Japanese economy and policy effects (1) among the general public in Japan, (2) among economist, and (3) between the general public and economists. In this paper, we provide an overview of a questionnaire survey conducted by ESRI in 2016-2017 of the general public and economists in Japan on the current situation of the Japanese economy and people’s perceptions of the effects of macroeconomic policies. We also present summary statistics of the results obtained. While the findings from the survey are preliminary, they suggest that (1) the general public and economists often have quite different views about the Japanese economy and policy effects, and that (2) there are no systematic differences in views across different types of economists. In other words, there appears to be a broad “consensus” among economists in Japan, while the general public does not always agree with the economists’ views. JEL Classification Codes: A11, E50, E60, H50, H60

Keywords: Japanese Economy; Macro-Economic Policy; Survey of Economists (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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