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

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.