A quarterly survey by the Bank of Japan (BoJ) showed on Wednesday, a majority of Japanese households see prices increasing a year from now.
Key takeaways
“The ratio of Japanese households expecting prices to rise a year from now stood at 85.0% in December, down from 85.7% in September.”
“The ratio of households expecting prices to rise five years from now stood at 76.7%, down from 78.3% three months ago.”
This survey is closely watched by the BoJ to determine its inflation outlook.
Market reaction
USD/JPY is consolidating its renewed uptick above 132.00, trading almost unchanged on the day at 132.28.
