Technical Analysis

BOJ survey finds 85% of households expect higher prices in a year, from 85.7% previously


From the Bank of Japan’s 92nd Opinion Survey on the General Public’s Views and Behavior (December 2022 Survey)

Full Text [PDF 1,964KB]

On inflation expectations:

  • 85% of Japan households expect prices to rise a year from now, down
    from 85.7% in previous survey
  • 76.7% of Japan
    households expect prices to rise 5 years from now, down from 78.3% in
    previous survey

Not really a lot of change. Bank of Japan Governor Kuroda has been telling us he expects Japanese inflation to begin falling from October 2023, or thereabouts.

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