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Bank of Japan Gov. Haruhiko Kuroda’s faith he can push inflation from zero to 2 percent in about a year is starting to win over consumers and bond investors.

A government survey released June 9 showed 2 in 5 consumers expect prices to rise by 2 to 5 percent in 12 months, while a quarter estimate they will jump more than 5 percent. Inflation-protected bonds are signaling living costs will rise 1 percent per year over the next decade, up from 0.75 percent at the beginning of the year.

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