TOKYO—Japanese households’ inflation expectations have risen to a more than two-year high, a quarterly survey showed on Tuesday, a sign the rising cost of living was starting to change public perceptions about future price moves. The result offers some hope for the Bank of Japan’s effort to push inflation to its 2 percent target, partly by changing perceptions about persistent deflation, with aggressive monetary easing. But analysts doubt whether recent increases in inflation, driven largely by rising fuel and raw material costs, could be sustained unless accompanied by higher wages. The percentage of households that expect prices to be higher a year from now stood at 78.8 percent, up from 68.2 percent in September and hitting the highest level since September 2019, according to the BOJ survey conducted between Nov. 5 and Dec. 1. Of the total, 80.8 percent said they expected prices to be higher five years from now, …