Japan's Inflation Concerns Surge Among 95% Population

Recent surveys indicate a growing concern about inflation among Japanese citizens. Over 95% of respondents in a Bank of Japan survey reported feeling that prices have risen over the past year, with an average perceived increase of 17%, the highest since 2006. Additionally, more than 70% of participants in a government survey expressed worries about inflation, reflecting long-standing frustrations with rising costs. Expectations for future price increases remain high, with 85.7% anticipating further rises in the coming year and 82% expecting increases over the next five years. The impact of inflation is also evident in the increased financial strain on households, with over 57% reporting reduced financial ease. These findings come as Japan prepares for upcoming labor negotiations that may address wage adjustments in response to inflation.