According to a survey by the Bank of Japan, 95 percent of Japanese believe that prices have risen in the past year, exceeding 90 percent for the eighth consecutive quarter.
The stock rose in June from 94.4% three months earlier, showing that most people are still feeling the effects of persistent price increases for daily necessities as the yen weakens, the survey showed on Friday.
The average year-over-year price increase respondents saw was 15.7%, up from 14.2% in the March survey.
The survey also found that 87.5% of respondents expect prices to rise further in a year’s time, the highest level since June 2008.
The diffusion index for household sentiment about economic conditions, or the percentage of respondents who think the situation has improved compared to a year ago minus the percentage of respondents who think the opposite, came in at -52.1.
The report surveyed people aged 20 and older between May 9 and June 4. About 2,100 people provided valid responses.
