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MNI: BOJ Buoyed By Tankan View On Prices, Capex

(MNI) Tokyo
MNI (Tokyo)

The September Tankan survey showed businesses have rising price expectations, bolstering the Bank's aims to deliver 2% inflation.

Bank of Japan officials have been encouraged by September's Tankan survey as the prospect of corporate price hikes and solid capital investment intentions support the Bank's aim to deliver 2% inflation in a stable and sustainable manner, MNI understands.

The Tankan survey, which was released on Monday, showed business inflation expectations continue to rise as costs increase on the back of rising commodity prices and a weakening yen.

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Bank of Japan officials have been encouraged by September's Tankan survey as the prospect of corporate price hikes and solid capital investment intentions support the Bank's aim to deliver 2% inflation in a stable and sustainable manner, MNI understands.

The Tankan survey, which was released on Monday, showed business inflation expectations continue to rise as costs increase on the back of rising commodity prices and a weakening yen.

Keep reading...Show less