A recent survey by the Bank of Japan showed that over 90% of Japanese households expect prices to rise in the next year, up from 83.7% in the previous survey. This increase in expected inflation could lead to further interest rate hikes.
The survey also found that 86.1% of respondents expect prices to rise five years from now, up from 82.6% in the previous survey. Additionally, 49.9% of households said they expect economic conditions to worsen in the next year, the highest level since December 2008.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
