BOJ Survey: Japan households' inflation expectations sag to 4-yr low - RTRS

A latest Bank of Japan (BOJ) survey published on Tuesday, via Reuters, showed Japanese households' inflation expectations weakened for the fifth straight quarter to a nearly four-year low in July-September, highlighting central bank’s failure to revive economic growth, despite the massive stimulus package.

Key findings from the survey:

“The ratio of households which expect prices to rise a year from now stood at 65.1 percent in September, down from 72.4 percent in June, to hit its lowest since December 2012.”

“The survey also showed 80.1 percent of the total number of households surveyed expect inflation to pick up five years from now, down from 83.6 percent in June.”

“As for underlying price moves, 64.5 percent said they believe prices rose from a year ago, down from 73.1 percent in June and the lowest level since June 2013.”.

“A separate index measuring households' confidence about the economy stood at minus 23.1 in September, improving from minus 27.3 in June.”