87.5% of Japanese households expect prices to rise in a year, signaling increasing inflation expectations.
87.5% of Japanese households expect prices to rise in a year, according to a quarterly central bank survey, a sign of increasing inflation expectations which may influence near-term interest rate hikes. However, respondents were more pessimistic about current economic conditions compared to three months prior, potentially impacting consumption outlook. This is the highest level of inflation expectation in 16 years.
July 12, 2024
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