86.5 Pct in Japan Expect Higher Prices in 5 Years: BOJ Survey
Tokyo, Oct. 13 (Jiji Press)--The proportion of people in Japan who expect prices to be higher in five years rose to 86.5 pct, the highest level in 19 years, a quarterly Bank of Japan opinion survey showed Tuesday. The results of the latest September survey indicated that an increasing number of people expect inflation to persist due to factors such as rising crude oil prices amid the war in...
A recent Bank of Japan opinion survey has revealed that 86.5% of people in Japan anticipate higher prices within the next five years, marking the highest such figure in 19 years. This surge in inflation expectations can be attributed to factors such as increasing crude oil prices triggered by the ongoing war in the Middle East, according to the latest September survey.
The survey's diffusion index for economic conditions, which measures the percentage of respondents who believe economic conditions have improved compared to the previous year versus those who feel otherwise, has improved by 3.7 points, reaching a negative value of -53. Similarly, the income DI, gauging the percentage of respondents who think their income has risen compared to the previous year versus those who feel otherwise, has hit an all-time high of minus 5.4.
Notably, 54.4% of respondents reported that their living conditions have deteriorated compared to a year ago, with over 90% of these respondents citing rising prices as the primary cause for their worsening circumstances.
Written by urgent.news from Nippon.com News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
