Japanese households see one-year price rises easing to 11.8 percent

The trimmed mean anticipated annual price increase over the next five years fell to 10.1 percent from 10.8 percent in June.

Median expectations remained at 10.0 percent for one year and 5.0 percent for five years.

Overall, 88.6 percent anticipated higher prices one year ahead, compared with 90.4 percent in June.

Respondents perceived prices as having risen 16.2 percent over the preceding year, down from 16.5 percent; the median remained 10.0 percent.

Among those reporting price increases, 84.9 percent viewed them unfavorably.

The BoJ excludes the highest and lowest 0.5 percent of numerical responses when calculating these means.

Untrimmed means were 12.3 percent for one-year expectations and 10.9 percent for five-year annual expectations.

Economic conditions had worsened for 58.2 percent, down from 62.5 percent in June; the economic conditions diffusion index improved to minus 53.0 percentage points from minus 56.7. Household circumstances had worsened for 54.4 percent, with 91.4 percent of that group citing rising prices.

Income increased for 19.3 percent and decreased for 24.7 percent, taking the income index to a survey high of minus 5.4 points.

Spending increased for 58.0 percent; 87.7 percent of that group cited higher costs.

For the year ahead, 38.8 percent planned spending cuts and 10.5 percent planned increases.