April 21, 2022 05:47 GMT
MNI BRIEF: BOJ: Households More Accepting Of Higher Prices
(MNI) Tokyo
TOKYO (MNI)
Bank of Japan economists see signs that households are showing greater tolerance to absorb higher prices as cost-push inflation from rising energy and input costs has accelerated, MNI understands.
BOJ officials note the effect is a drop in real purchasing power for households, but they do not expect private consumption to deviate from a recovery path. The focus is on whether corporate price hikes expand and affect medium- to long-term inflation expectations, MNI understands see: MNI INSIGHT: BOJ Policy Could Pivot With Changing Price Views.
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