Nevertheless, an opinion that there will be a negative impact if taken from the viewpoint of households is naturally heard. Therefore, let me next talk about prices viewed from the side of households, focusing on the relationship between wages and prices. From households’ perspective, it is quite natural to think that price increases are not desirable.
According to the latest Opinion Survey on the General Public’s Views and Behavior the Bank conducts on households, about 80 percent of respondents who have felt that prices “have gone up” have described the price rise as “rather unfavorable.” This is not surprising. If asked only about prices, respondents will respond on the assumption that other conditions, including wages, are unchanged.