A quarterly survey by the Bank of Japan (BOJ) showed that the majority of Japanese households expect prices to continue rising over the next few years, adding pressure on the central bank to further raise interest rates.The BOJ's March survey indicated that 83.7% of households expect prices to rise one year from now, compared with 86% in the previous quarter. Meanwhile, 82.6% of households expect prices to increase five years from now, versus 83% in the prior survey. (mn/j)
AASTOCKS Financial News