Japanese Companies' CPI Projections Unchanged

In a recent survey conducted by the Bank of Japan (BOJ) as part of its detailed 'tankan' survey for December, Japanese companies have maintained their expectations for consumer price inflation. The firms anticipate an average rise of 2.4% in consumer prices over the next year, a projection that remains unchanged from three months ago.

Long-term CPI Projections

Beyond the immediate future, the surveyed companies expect consumer prices to rise by an annual 2.3% three years from now and by an annual 2.2% five years from now. These projections offer insight into the inflation expectations of Japan's corporate sector, which is crucial for the BOJ's current stimulus program.

BOJ's Inflation Expectations Survey

The BOJ initiated the survey on corporate price expectations in March 2014 to gather more information on inflation expectations, a key component of its stimulus efforts. For further queries, contact Daniel Leussink at daniel.leussink [at] thomsonreuters.com.