y/y % chg.  2.0  Households' Tolerance of Price Rises  Firms, households, and experts (QUICK Survey)  10  Firms, households, and experts (Consensus Forecasts)  5  Firms, households, and experts (inflation swap rate)  1.5  0  1.0  -5  0.5  -10  0.0 CY 07  09  11  13  15  17  19  -15 CY 83  Estimates of Inflation Expectations (Economic Models) 2.0  y/y % chg.  88  93  98  03  08  13  18  Output Prices DI for Consumption-Related Industries (Tankan) 30  DI ("rise" - "fall"), % points Firms' forecasts  20  1.5  10  1.0  0  Long-term 1 Long-term 2 Medium-term  0.5 0.0 -0.5 CY 07  DI ("favorable" - "unfavorable"), % points  -10 Large enterprises Small enterprises  -20 -30  09  11  13  15  17  19  -40 CY07  09  11  13  15  17  Note: For details, see BOX 7 in the October 2019 Outlook Report.
Sources: QUICK, "QUICK Monthly Market Survey (Bonds)," "QUICK Tankan"; JCER, "ESP Forecast"; Consensus Economics Inc., "Consensus Forecasts"; Wolters Kluwer, "Blue Chip Economic Indicators"; Bloomberg; Ministry of Finance; Ministry of Internal Affairs and Communications; Cabinet Office; Bank of Japan. 19  9  Chart 10  II.