Better Expectations For Japan households' Inflation
According to a BoJ’s quarterly survey, Japan households’ inflation expectations got better. The percentage of households who anticipates prices to grow in 2019 made up 77.4% in June, higher than 73.9% in March and marking the 3-year maximum. The percentage of households who anticipates prices to increase in 2023 hit the yearly maximum of 82.3%.
An index accounting for households' current economic conditions expectations rose from -12.4 to -9.9 in March. The index accounting for households' expectations for economic conditions in 2019 dropped for the first time in three quarters, from -15.2 to -16.6.
Still, Bank of Japan is expected to reduce its price growth projections at its meeting on July 30-31.