A quarterly survey via the Bank of Japan (BoJ) confirmed on Wednesday, a majority of Japanese households see expenses growing a 12 months from now.
Key takeaways
“The ratio of Japanese households waiting for expenses to upward shove a yr from now stood at 85.0% in December, down from 85.7% in September.”
“The ratio of households anticipating expenditures to upward jostle 5 years from now stood at 76.7%, down from 78.3% three months ago.”
This survey is carefully watched through the BoJ to decide its inflation outlook.
Market reaction
USD/JPY is consolidating its renewed uptick above 132.00, buying and selling nearly unchanged on the day at 132.28.
