OAS

Oasis Petroleum Inc.

0.1362
USD
-19.65%
0.1362
USD
-19.65%
0.1503 3.6500
52 weeks
52 weeks

Mkt Cap 49.80M

Shares Out 321.31M

Send me real-time posts from this site at my email

Ratio of Japan households expecting price rises hits 14-yr high - BOJ survey

TOKYO, July 6 (Reuters) - Japanese households' inflation expectations strengthened in the three months to June, with the ratio expecting price rises over the coming year hitting the highest level in 14 years, a central bank survey showed on Wednesday. The ratio of households expecting prices to be higher a year from now stood at 87.1% in June, the quarterly Bank of Japan (BOJ) survey showed, up from 84.3% in March and marking the highest level since June 2008. The ratio of households expecting prices to be higher in five years was 79.8% in June, compared with 82.1% in March. Just 3.5% expected prices five years later to be lower, the survey showed. The results followed a separate quarterly BOJ survey that showed a spike in corporate inflation expectations. As part of efforts to pull Japan sustainably out of deflation, the BOJ has deployed massive monetary stimulus since 2013 to push inflation to its 2% target. After failing to achieve the goal for nearly a decade, the BOJ is finally seeing consumer inflation exceeding 2% but for the wrong reasons - soaring fuel and raw material costs blamed on the Ukraine crisis. BOJ Governor Haruhiko Kuroda has said the bank will not withdraw monetary stimulus in response to such cost-push inflation, because it will likely prove temporary. (Reporting by Leika Kihara; Editing by Clarence Fernandez and Bradley Perrett) ((leika.kihara@thomsonreuters.com; +813-6441-1828; Reuters Messaging: leika.kihara.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue