The second part of the Bank of Japan Tankan report for the quarter.
This is the 'Corporate Price Expectations' part of the survey.
- In 1 year Japanese firms expect the CPI at 0.9% y/y
- in 3 years, 1.0%
- in 5 years CPI seen at 1.1%
The BOJ target s 2%.
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The BOJ undertake the inflation survey amongst businesses to gauge inflation expectations. Monitoring these comes into setting monetary policy. All indications from the BOJ are they'll keep, and maybe even expand, their extreme loose mon pol for a good while to come.
