The 'Corporate Price Expectations' part of the BOJ Tankan

We got part 1 of the Tankan yesterday.

More now:

  • Japanese companies expect consumer prices to rise an average 0.6 percent a year from now
  • Down from their projection three months ago (back then they expected prices to rise 0.7 percent over the next year)
  • Firms expect consumer prices to rise an annual 1.0 percent three years from now and an annual 1.0 percent five years from now.

via Reuters

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Yep, slow going for Japanese inflation. If the BOJ pays much attention to its own Tankan survey you'd have to think they'll maintain pedal to the metal on easing policies and thus keep the selling pressure on the yen.;

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Simulataneously, September monetary base data out:

  • +22.7% y/y for September from +24.2% in August