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MNI BRIEF: BOJ Survey Gauges Household Inflation Thinking

(MNI) LONDON

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 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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