BOJ June Tankan:

  • All firms surveyed see consumer prices +1.5% 1 year from now (vs +1.5% in the March Tankan)
  • See consumer prices +1.6% 3 years from now (vs +1.7 pct in March)
  • See consumer prices +1.7% 5 years from now (vs +1.7 pct in March)
  • See retail prices +1.1% 1 year from now (vs +1.1 pct in March)
  • See retail prices +1.9% 3 years from now (vs +1.8 pct in March)
  • See retail prices +2.3% 5 years from now (vs +2.1 pct in the March Tankan)

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The BOJ is looking to hit the 2% target in a year from now … aint gonna happen say the firms surveyed