Nearly 86% of Japanese households expect prices to rise a year from now
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In a quarterly survey published on Thursday, the Bank of Japan (BoJ) said that “85.6% of Japanese households expect prices to rise a year from now, compared with 87.5% in the previous survey.” Additional takeaways Japanese households expect inflation to rise by average +10.0% a year from now, median +8.0%. 83.6% of Japanese households expect prices to rise five years from now, vs 82.0% in previous survey. Japanese households expect inflation to rise by average +7.9% five years from now, median +5.0%. Market reaction At the time of writing, USD/JPY is slightly off the two-month highs of 149.55, trading 0.12% higher on the day at 149.45. Source: https://www.fxstreet.com/news/boj-survey-nearly-86-of-japanese-households-expect-prices-to-rise-a-year-from-now-202410100449
Filed under: News - @ October 10, 2024 5:18 am