Price Developments  Inflation Expectations Households  8  y/y % chg.  3.0  7  Over the next 1 year  6  Over the next 5 years  5 4  Market Participants (QUICK)  Firms (Tankan)  (Opinion Survey on the General Public's Views and Behavior) y/y % chg.  2.5  3.0 1 year ahead  2.5  5 years ahead  2.0  2.0  1.5 1.0  1.5  3 2 1  0.5 1.0  0.0 -0.5  0.5  0 -1 -2 CY 07 09 11 13 15 17 19 21  y/y % chg.  -1.0 0.0 -0.5 CY 14  -1.5  16  18  20  22  Over the next 1 year 2 to 10 years ahead  -2.0 CY 07 09 11 13 15 17 19 21  Notes: 1.
The power tussles, tensions in various quarters of world and the resurgence of global inflation and the rising costs of energy and food, have all changed the way in which we view the world, in a very, very short space of time.