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MNI BRIEF: BOJ Survey: More Households Suffer From High Prices

(MNI) Tokyo
TOKYO (MNI)

The proportion of respondents expecting prices to rise next year stood at 87.1% in June, from 84.3% in March, showing that more households are suffering from high prices, the Bank of Japan’s quarterly consumer survey released on Wednesday showed.

Just 1.5% of respondents said prices would decline, and those expecting little change fell to 9.7%. The median CPI forecast stood at +5.0%, unchanged from +5.0% in March. Looking five years ahead, 79.8% said prices would rise, down from 82.1% three months earlier. The median forecast stayed at +5.0%, See: MNI INSIGHT: BOJ Likely To Up Price View, But Policy Unchanged).

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The proportion of respondents expecting prices to rise next year stood at 87.1% in June, from 84.3% in March, showing that more households are suffering from high prices, the Bank of Japan’s quarterly consumer survey released on Wednesday showed.

Just 1.5% of respondents said prices would decline, and those expecting little change fell to 9.7%. The median CPI forecast stood at +5.0%, unchanged from +5.0% in March. Looking five years ahead, 79.8% said prices would rise, down from 82.1% three months earlier. The median forecast stayed at +5.0%, See: MNI INSIGHT: BOJ Likely To Up Price View, But Policy Unchanged).

Keep reading...Show less