The percentage of Japanese households anticipating inflation to accelerate a yea...
FILE PHOTO - A shopper browses packs of meat products at a supermarket in Chiba, east of Tokyo February 26, 2014. REUTERS/Yuya Shino
A pick-up in inflation expectations may offer some hope to policymakers that consumer prices could edge up toward the Bank of Japan’s long-elusive 2 percent inflation target. The Bank of Japan’s survey on people’s livelihood showed the percentage of households who expect prices to rise a year from now was 80.5% in July, the highest level since September 2015.The survey also found 83.4% of households said they expect inflation to rise five years from now, the highest since June 2016, and up from 82.3% in March.
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