Yesterday we got the Bank of Japan Tankan report, today it's the inflation expectations part of the same report
- Japan firms expect consumer prices +1.2 pct a year from now vs +1.4 pct in prev survey
- Expect consumer prices +1.4 pct yr/yr 3 years from now vs +1.5 pct in prev survey
- Expect consumer prices +1.5 pct yr/yr 5 years from now vs +1.6 pct in prev survey
Headlines via Reuters
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Note the decline in inflation expectations. The BOJ's target is 2%, and expectations are pulling lower from there. To the extent the BOJ will heed this it is a sign, at the margin at least they may ease further.
