BoJ paper finds short and long-term expectations are anchored differently

bank-of-japan-new
Bank of Japan headquarters

Inflation expectations evolve differently depending on whether they are short- or long-term, and respond differently to different policies, according to a working paper published today (July 9) by the Bank of Japan (BoJ).

Are Household Inflation Expectations Anchored in Japan? by Koichiro Kamada, Jouchi Nakajima, and Shusaku Nishiguchi, studies both the level and dispersion of inflation expectations based on household survey data from Japan.

The authors find the term structure of expectations

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.