Jan. 22  Oct.  July  Apr. July  0.0 CY 07  09  11  13  15  17  19  21  Note: In the right-hand chart, figures are obtained by synthesizing the inflation expectations of firms, households, and experts.
Those inflation expectations are taken from the Tankan for firms, the Opinion Survey on the General Public's Views and Behavior for households, and the QUICK Survey for experts. Sources: Bloomberg; Bank of Japan; QUICK, "QUICK Monthly Market Survey <Bonds>." 9  Chart 10  III.