摘要：One of the aspects characterizing inflation expectations is the degree of disagreement or dispersion insuch expectations, and dispersion in households' inflation expectations is quite substantial. In phases inwhich inflation expectations alter, the shape of the distribution of inflation expectations, which reflectsthe dispersion, may change even when other measures of inflation expectations such as the mean andthe median remain unchanged. This article examines how the distribution of households'medium-horizon inflation expectations in Japan evolves over time using the Opinion Survey on theGeneral Public's Views and Behavior. The analysis shows that during the episode of rising prices since2013 the expectations distribution has displayed notable changes that were not observed in the phaseof rising prices in 2008.
