ANL 13.19 Increased By ▲ 0.65 (5.18%)
ASC 12.17 Decreased By ▼ -0.53 (-4.17%)
ASL 13.50 Increased By ▲ 0.04 (0.3%)
BOP 8.31 Decreased By ▼ -0.07 (-0.84%)
BYCO 5.75 Decreased By ▼ -0.21 (-3.52%)
FCCL 17.06 Decreased By ▼ -0.02 (-0.12%)
FFBL 23.61 Decreased By ▼ -0.44 (-1.83%)
FFL 10.05 Increased By ▲ 0.08 (0.8%)
FNEL 9.31 Increased By ▲ 0.06 (0.65%)
GGGL 13.80 Decreased By ▼ -0.20 (-1.43%)
GGL 26.75 Decreased By ▼ -0.30 (-1.11%)
HUMNL 5.66 Decreased By ▼ -0.07 (-1.22%)
JSCL 14.55 Decreased By ▼ -0.45 (-3%)
KAPCO 30.70 Decreased By ▼ -0.90 (-2.85%)
KEL 3.16 Decreased By ▼ -0.06 (-1.86%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 31.90 Decreased By ▼ -0.85 (-2.6%)
NETSOL 89.00 Decreased By ▼ -1.21 (-1.34%)
PACE 4.09 Decreased By ▼ -0.01 (-0.24%)
PAEL 20.42 Decreased By ▼ -0.09 (-0.44%)
PIBTL 7.27 Increased By ▲ 0.02 (0.28%)
POWER 6.31 Decreased By ▼ -0.08 (-1.25%)
PRL 11.80 Decreased By ▼ -0.15 (-1.26%)
PTC 8.69 Decreased By ▼ -0.11 (-1.25%)
SILK 1.19 Increased By ▲ 0.02 (1.71%)
SNGP 37.10 Decreased By ▼ -0.60 (-1.59%)
TELE 14.47 Decreased By ▼ -0.38 (-2.56%)
TRG 79.19 Increased By ▲ 1.51 (1.94%)
UNITY 21.85 Decreased By ▼ -1.05 (-4.59%)
WTL 2.00 Decreased By ▼ -0.03 (-1.48%)
BR100 4,414 Increased By ▲ 32.77 (0.75%)
BR30 17,179 Increased By ▲ 315.84 (1.87%)
KSE100 43,332 Increased By ▲ 98.89 (0.23%)
KSE30 16,781 Increased By ▲ 63.21 (0.38%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,777
1024hr
Pakistan Cases
1,287,161
33624hr
0.78% positivity
Sindh
476,830
Punjab
443,519
Balochistan
33,507
Islamabad
107,930
KPK
180,383
Markets

Japan's price expectations weaken as pandemic stokes deflation fears

  • About 67% said they plan to further curb leisure and entertainment-related outings, while 71% said they don't plan to change the amount they spend to enjoy time they spend at home.
12 Jan 2021

TOKYO: Japanese household inflation expectations hit an eight-year low in the three months to December, a central bank survey showed on Tuesday, suggesting the coronavirus pandemic has heightened deflationary risks in the world's third-largest economy.

The outcome highlights the challenge the Bank of Japan faces in firing up inflation to its elusive 2% target, and keeps it under pressure to support an economy hit by a newly issued state of emergency to combat the pandemic.

The ratio of households who expect prices to rise a year from now stood at 60% in December, down from 63.3% in September and hitting the lowest level since December 2012, the BOJ's quarterly survey on households showed.

In a sign deflationary pressure was already heightening, the ratio of those who thought prices have risen from a year ago fell to 60.5% in December from 65.9% in September, it showed.

Households' sentiment on the state of the economy improved somewhat but hovered near lows hit in 2009, when Japan was reeling from a global financial crisis triggered by the collapse of Lehman Brothers, according to the survey.

Nearly 90% of households said they reduced the number of outings for leisure and entertainment compared with March last year, when the coronavirus began to spread.

About 67% said they plan to further curb leisure and entertainment-related outings, while 71% said they don't plan to change the amount they spend to enjoy time they spend at home.

Japan is set to extend a state of emergency from the Tokyo metropolitan area to other regions as COVID-19 cases increase, a move that could heighten the risk of a double-dip recession and hurt prices by cooling domestic demand.

Core consumer prices fell 0.9% in November from a year earlier, the fastest pace of decline in a decade.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.