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Thursday, August 5, 2021
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Japanese Consumer Confidence Running High

#Japan #consumer #confidence #households #inflation #BoJ

Japanese households’ inflation expectations rose in March from 3 months ago and their confidence on the economic outlook improved to an 8-yr high, a BoJ survey showed, a sign the initial pain from the coronavirus chaos is fading.

The outcome offers some relief to policymakers struggling to balance the need to prevent a resurgence of COVID-19 infections while sustaining a moderate economic recovery.

The ratio of households which expect prices to rise a yr from now stood at 62.4% in March, up from 60% in December, the Bank of Japan’s (BoJ) survey showed Wednesday.

A diffusion index measuring households’ confidence on the economy a yr from now stood at -8.5 in March, recovering sharply from -23.1 in December and marking the highest mark since June 2013, the survey showed.

The poll follows a separate BOJ survey that showed business confidence improving to pre-pandemic levels in Q-1 as the economy benefited by strong global demand.

The survey will be among factors the BOJ will scrutinize when it conducts a quarterly review of its growth and price forecasts at its next rate review on 26-27 April.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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