TOKYO :Nearly 90 per cent of Japanese households expect prices to rise a year from now, the central bank’s quarterly survey for September showed on Friday.
The ratio, at 88.0 per cent, was higher than 85.1 per cent in the previous poll, the survey showed, in a sign of broadening inflationary pressure that may keep alive market expectations of a near-term interest rate hike.
Of the households polled, 84.8 per cent expected prices to rise five years from now, up from 83.1 per cent in the previous survey.
The quarterly survey is among key data the Bank of Japan scrutinises for clues on how rising food costs are affecting households’ inflation expectations.
