BOJ Survey: Percentage of Japan households expecting inflation to rise hits more than 1-year high

The Bank of Japan (BOJ) published its latest quarterly household sentiment report last hours, revealed upbeat sentiment amongst the Japanese households on the inflation outlook.

Key findings of the survey (via Reuters):

“In June, 75.4 percent of households surveyed said the expected prices to rise a year from now, which was up for the second consecutive quarter to reach the highest since March last year, the BOJ's quarterly survey on people's livelihoods showed on Friday.

The percentage of households that expect prices to rise five years from now rose for the second straight quarter to 82.3 percent, the highest level in a year, the survey showed.

The BOJ's latest survey was conducted between May 12 and June 7 with responses from 2,198 people.”