DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI DATA IMPACT: BOJ Mar Tankan Shows Improved Outlook

--Firms 1-Yr Infln Rate Outlook at 0.4% Vs. 0.3% in December

--Firms 3-Yr Infln Outlook 0.8%; 0.7% in Dec, 5-Yr Infln Rate 1.0% v 0.9%

MNI (Sydney)
TOKYO (MNI)

Both short and long-term inflation expectations at Japanese firms rose slightly in the three months to March, easing the Bank of Japan's concern over a weaker view of inflation among corporates, the latest Bank of Japan Tankan survey showed.

On average, companies saw the annual consumer inflation rate at 0.4% a year from now, up from 0.3% in December. They also saw a 0.8% rise three years out and a 1.0% rise five years ahead, up from +0.7% and +0.9%, respectively in the December survey.

The BOJ has previously admitted that momentum toward achieving its 2% price target has been temporarily lost, with consumer prices expected to be negative for some time.

The survey, conducted from February 25 to March 31, showed companies on average expect sales prices to rise 0.2% a year from now, up from -0.1% in December. They saw an increase of 0.9% three years ahead, up from +0.6% in December and they saw an increase of 1.5% five years ahead, up from 1.3% in December.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
DataPolicy NewsAPACJapanData BriefData StoriesBank of JapanStoryRegionCentral Bank News
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
DataPolicy NewsAPACJapanData BriefData StoriesBank of JapanStoryRegionCentral Bank News
True

To read the full story

Close

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.