Japan households' inflation expectations rise: BOJ survey shows

Nearly 80% of Japanese households expect inflation to accelerate a year from now, up from three months ago, a central bank survey showed on Tuesday, a sign the rising cost of living was starting to change public perceptions of future price moves.

The survey, which was conducted between Nov. 5 and Dec. 1, also showed more households expect prices to rise five years from now compared with the previous survey in September.
 

The results offer some hope for the Bank of Japan's effort to prop up inflation to its 2% target, partly by changing public perceptions about persistent deflation, with a