TOKYO: Japanese households' inflation expectations rose in the three months to early March, a central bank survey showed on Friday (Apr 12), leaving scope for another interest rate hike this year.
TOKYO: Japan ese households' inflation expectations rose in the three months to early March, a central bank survey showed on Friday , leaving scope for another interest rate hike this year.
The survey, conducted between Feb 8 and Mar 5, also showed that 80.6 per cent of households expected prices to rise five years from now, up from 76.5 per cent in the previous poll. "If economic and price conditions move in line with our current projections, trend inflation will gradually accelerate. If so, we must consider reducing the degree of stimulus," BOJ Governor Kazuo Ueda told parliament on Tuesday.
Dining out, clothing and travel topped the list of items respondents spent less on compared with a year ago, the survey showed, suggesting rising living costs were forcing households to slash discretionary spending.
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