More on the BOJ Tankan and what firms' inflation expectations mean for the BOJ

The second part of the Tankan was out earlier - the focus on this part is CPI:

• Japan - More from the BOJ Tankan (Q1) - inflation expectations survey component

In brief while firms expect inflation over the next months and years, their their expectations are unchanged from the Q4 survey and still falling way short of the BOJ goal of 2%.

For example, expectations for 3 and 5 years into the future are for 1.1%, barely over half way to target.

Which means .... there will be no exit from QQE and loose policy by the BOJ while the 2% target remans in place.

---

If you'd like more, rtrsReuters have recap:

• Corporate Japan expects to see only minimal inflation in a year and barely any change in the next three to five years