yen J-REITs: annual pace with an upper limit of about 180 bil. yen  Chart 10  Inflation Expectations 3  %  2  1  Japan 0 CY 07  09  United States 11  13  Euro area 15  17  19  21  23  Note: Figures are medium- to long-term inflation expectations of economists.
Figures for Japan are based on the Consensus Forecasts (CPI inflation, 6 to 10 years ahead), those for the United States are based on the Survey of Professional Forecasters (PCE inflation, 10 years ahead), and those for the euro area are based on the Survey of Professional Forecasters (CPI inflation, long run). Sources: Consensus Economics Inc.; ECB; Federal Reserve Bank of Philadelphia.