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الشرق اللبنانية
Japanese households' rising inflation expectations hit record highs
The results of a quarterly survey conducted by the Bank of Japan revealed that Japanese households' inflation expectations have reached a record high, with 90.4 percent of families expecting prices to rise over the next year—the highest level since 2006. Additionally, 86.1 percent anticipate a rise in prices over the next five years, with an average annual growth rate of 13.1 percent. This comes amid rising inflation expectations among companies and underscores the need to continue implementing prudent policies to combat inflation. It is also expected that the Bank of Japan will maintain a cautious stance at its July meeting, emphasizing the importance of adjusting monetary support to avoid increasing risks to the economy.
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