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MNI BRIEF: Business Inflation Expectations Rise: BOJ Tankan

(MNI) Tokyo
MNI (Tokyo)

Bank of Japan officials have been heartened by rising inflation expectations among corporate executives, which may pave the way for firms to raise wages next spring, the BOJ September Tankan showed on Monday.

Both short- and medium-term inflation expectations at Japanese firms rose in the three months March, endorsing the BOJ’s view that inflation expectations are rising and firms are more positive about raising retail prices.

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Bank of Japan officials have been heartened by rising inflation expectations among corporate executives, which may pave the way for firms to raise wages next spring, the BOJ September Tankan showed on Monday.

Both short- and medium-term inflation expectations at Japanese firms rose in the three months March, endorsing the BOJ’s view that inflation expectations are rising and firms are more positive about raising retail prices.

Keep reading...Show less