Economic/Inflation/Prices
Japan’s Households Expect Strongest Inflation on Record
Japan’s households see inflation at record levels over the coming years, an uptick that will support the case for the Bank of Japan to raise interest rates in the near-term as the yen’s rapid depreciation ramp up pressure on the cost of living.
Households expect price levels to rise at an annual clip of 8.7% over the next five years, the highest in comparable data back to 2006, according to a quarterly survey by the BOJ published Friday.
Bloomberg Economic
