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MNI BRIEF: BOJ Survey Gauges Household Inflation Thinking


The Bank of Japan added new questions to its quarterly household sentiment survey to gauge the thinking behind the formation of inflation views over a 5-year horizon, the survey released by the BOJ showed on Wednesday.

The BOJ asked households to why they expect prices to rise five years ahead and 79.8% said the view was based simply on prices having gone up recently. The second most popular answer is just that prices should go up in the medium-to-long term.

The responses could sway the BOJ’s view that the norm – prices and wages will not rise easily in Japan – has changed slightly in the wake of recent price and wages rises.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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