Free Trial

Bullion Range Trading Ahead Of Fed Decision


BNZ: Strong But Not Strong Enough


Essentially Flat


Barclays Bullish On CNY

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOJ Survey Shows Sentiment Drop, Prices To Rise

(MNI) Tokyo

High costs of living led 85.7% of respondents in the Bank of Japan's quarterly consumer survey to predict higher prices next year, a modest decline from 87.1% in June's survey, according to data released on Thursday.

Just 2.2% of respondents said prices would fall next year, up from 1.5% three months earlier. The proportion of those expecting little change 12 months ahead rose to 11% from 9.7%. The median CPI forecast stood at 5%, unchanged from 5% in June.

Looking five years ahead, 78.3% said prices would rise, down from 79.8% three months earlier, while 5.5% of respondents expect prices to fall, up from 3.5% in June. Those saying prices would be little changed fell to 13.8% from 14.1%.

The diffusion index that gauges household sentiment on current economic conditions fell 7.7 points to -58.4 in September, with more people saying sentiment had worsened judging from income levels and media reports, the survey showed

The number of people who said household circumstances worsened rose to 50.7% from 43.2%, citing rise in prices as the biggest reason (a record high of 84.5% vs. 78.9% in June).

The consumer sentiment outlook index projecting conditions a year ahead fell for a third consecutive survey, down 3.7 points to -32.4 in September from -28.7 in June.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.