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Free AccessMNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan
Japanese firm inflation expectations remained unchanged at 2.2% for three years and a 2.1% over five, while corporate output prices remained strong, supporting the Bank of Japan's view that the economy's disinflationary norm is changing, the BOJ December Tankan survey released on Wednesday showed.
On average, companies saw the annual consumer inflation rate at 2.4% in December, slowing from 2.5% in September's Tankan. The BOJ will look favourably on the three- and five-year inflation view, as it focuses on sustainability amid slowing CPI.
The survey showed companies on average expect sales prices to rise 2.6% a year from now, down from +2.8% in September. But they expect an increase of 3.7% three years ahead, down from 3.8% in September and an increase of 4.4% five-year sale prices, unchanged from September.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.