BoJ survey: Nearly 86% of Japanese households expect prices to rise a year from now

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.

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