The Bank of Japan's June survey, published Thursday, showed 90.4% of households
expect consumer prices to rise over the next year, up from 83.7% three months
earlier, signaling rising inflationary pressure and reinforcing market
expectations of further BoJ rate hikes. Households expecting prices to rise over
the next five years rose to 86.1% from 82.6% in March. Nearly half (49.9%) of
Households said they expect economic conditions to worsen over the next year,
versus 32.8% in March, the highest reading since December 2008.
