Japan households' inflation hopes ascend

Japan households' inflation hopes ascend

Japanese households' inflation expectations have ascended for the first time in almost two years, as a major bank poll revealed, suggesting consumers are taking notice of recent price leaps for food as well as household products.

The percentage of households, expecting prices to go up one year from now kept to 67%in March, leaping from a four-year minimum of 64.7% in December, as the BOJ’s quarterly poll on people's livelihoods disclosed on Friday.

Previously the poll demonstrated a surging number of households anticipating price lifts since June 2015.

In February, Japan's core consumer price index added 0.2% from a year earlier. It turned to be the second straight month of lifts after a year of drops, though the figure remained far below the BOJ's objective of 2%.

Shoppers are starting seeing higher prices on supermarket shelves, for goods, varying from dry seaweed to butter, as a weaker yen makes imported materials less affordable, while labor shortages raise logistics costs.

 

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