2nd part of the BOJ's Q2 Tankan shows inflation expectations edge higher

The Bank of Japan second quarter of 2018 Tankan business survey includes Corporate Price Expectations:

Japan firms expect consumer prices to rise +0.9 pct a year from now vs +0.8 pct in the Q1 survey

  • expect consumer prices to rise an annual 1.1 percent three years from now (was 1.1% prior survey also)
  • and annual 1.1 percent five years from now (ditto)

Yesterday we got the first part of the Tankan survey. I wasn't impressed:

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