Haruhiko Kuroda and Inflation

inflation: A government survey released June 9 showed 2 in 5 consumers expect prices to rise by 2 to 5 percent in 12 months, while a quarter estimate they will jump more than 5 percent, according to The Japan Times. Inflation-protected bonds are signaling living costs will rise 1 percent per year over the next decade, up from 0.75 percent at the beginning of the year. Haruhiko Kuroda faith he can push inflation from zero to 2 percent in about a year is starting to win over consumers and bond investors. Benchmark 10-year notes are set to complete their first consecutive quarterly decline since March 2011 as a 40 percent rally in oil from a six-year low bolsters Kuroda claim that the BOJ price goal may be reached between April and September next year. Kuroda seems to be confident inflation will pick up, said Kenro Kawano, chief bond strategist at Morgan Stanley MUFG Securities Co. in Tokyo. The central bank last week maintained its plan to expand the monetary base at an annual pace of ¥80 trillion after inflation vanished two months ago. (news.financializer.com). As reported in the news.