Higher prices and lower incomes put downward pressure on real income = BOJ outlook full text
The Bank of Japan pointed out in the full text of the "Economic and Price Outlook" (outlook report) released on the 22nd of July that households with lower incomes are more likelyto acquire below stress on real revenue due to more elevated costs. On the other hand, he also said that the recovery phase of the economy from the Korona-ka makes it easier for companies to raise prices.
The Bank of Japan analyzes the impact of high prices on households. Looking at spending trends by income category in a household survey conducted by the Ministry of Internal Affairs and Communications, households with lower incomes have a higher weight of basic spending, including much of energy and food, in their consumption spending. There is. " "The downward pressure on real income due to rising prices is greater for households with relatively low incomes," he said.
The Bank of Japan pointed out that the government's measures against high prices will mitigate the impact on households. The Bank of Japan also said that it is necessary to continue to carefully look at the effects of rising prices on household behavior and mindset, while paying attention to differences due to household attributes.
According to the June National Consumer Price Index released on the 22nd, food products excluding fresh food increased by 3.2% year-on-year, the highest level since February 2009 excluding the impact of the consumption tax hike. rice field.
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