BoJ: Household inflation expectations hit more than two-year high

BoJ governor Haruhiko Kuroda (pic) has said the central bank would keep monetary policy ultra-loose until 2% inflation is achieved, even as its counterparts such as the US Federal Reserve eye an exit from crisis-mode stimulus measures.

TOKYO: Japanese households’ inflation expectations have risen to a more than two-year high, according to a quarterly survey, a sign the rising cost of living was starting to change public perceptions about future price moves.

The result offers some hope for the Bank of Japan’s (BoJ) effort to push inflation to its 2% target, partly by changing perceptions about persistent deflation, with aggressive monetary easing.