The Bank of Japan's chief economist Eiji Maeda wants changes made to consumer price data to better reflect housing costs
- He estimates doing so would boost the inflation rate by as much as 0.2%
(I suppose every little bit helps, right? Anyway ... more:)
- Says adjustment needed to more accurately take into account changes in quality of rented housing over time
- Maeda argues the housing stock is ageing, its quality declining
- Maeda was speaking at a meeting of the Cabinet Office's statistics committee yesterday. The committee aims to work out revisions to the figures by August next year as part of a regular five-year review.
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Eiji Maeda is director-general of the research and statistics department and the Bank of Japan.