Inflation Expectations Increase Marginally

• The December 2019 Inflation survey indicated a general expectation that inflation 12 months ahead will increase to 5.1% relative to the previous survey outturn of 5.0%.
• The perception of inflation control increased in the December 2019 survey relative to the November 2019 survey.
• Respondents anticipate that the currency will depreciate over all three surveyed time horizons (3-month, 6-month, and 12-month horizons).
• The Present Business Conditions and Future Business Conditions Indices both reflected a higher level of optimism relative to the previous survey.

(Source: BOJ)