The first part of the Bank of Japan Tankan report was out yesterday
This now the second part, the corporate price expectations survey
- Firms expect consumer prices to rise an annual 1.1 pct 5 years from now vs +1.2 pct in the previous survey
- expect consumer prices to rise an annual 1.1 pct 3 years from now vs +1.1 pct in prev survey
- expect consumer prices to rise 0.9 pct a year from now vs +0.9 pct in prev survey
The BOJ target is sustainable 2% for underlying inflation. Which is still very distant.
