BOJ Tankan inflation expectations still well below 2% target

Japanese companies expect consumer prices to rise an average 0.8 percent a year from now, unchanged from the previous forecast and well below Bank of Japan's (BOJ) 2 percent inflation target, the central bank's Tankan survey for March released today showed. 

Key points (Source: Reuters)

• BoJ Tankan consumer price expectations survey still low, well below target.

• Against BoJ's 2% target, +0.8% y/y eyed a year from now, +1.1% in 3 years.

• Little change 5 years hence - still only +1.1% eyed.