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A recent quarterly survey by the Bank of Japan (BoJ), released on Friday, reveals that Japanese households expect inflation to increase by an average of 11.5% over the next year. The median expectation among respondents stands at 10.0%.
The survey also highlighted expectations for the long term, with households forecasting a 9.2% rise in inflation five years from now, while the median expectation drops to 5.0%.
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Furthermore, the survey found that 85.7% of Japanese households anticipate price hikes within the next year, slightly up from 85.6% in the previous survey. However, expectations for inflation five years down the road are slightly lower, with 82.5% of households forecasting rising prices, compared to 83.6% previously.
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