More on the BOJ survey on inflation expectations after Six years of stimulus

I posted the results of the Bank of Japan Tankan 'Corporate Price Expectations' survey here earlier:

• Japanese firms' outlook for CPI - expect it around 1% for the next 5 years

Reuters have a bit more, comments and recap posted here. This guy nails it:

"Six years have past since the BOJ deployed a radical stimulus and there's no sign inflation expectations are approaching its 2% price target," said Yasunari Ueno, chief market economist at Mizuho Securities.

"There's also no change to Japan's deflationary structure created by a mix of a lack of demand and excess capacity."

There is nothing on the horizon to suggest the BOJ will be back pedalling on stimulus any time soon. May even do MOAR! (After the sales tax hike in October, if not before)