Bank of Japan tankan report shows firms expect 2.4% inflation a year from how

The Bank of Japan polls firms as part of its quarterly Tankan survey.

The Price Expectations survey shows:

• Japan firms expect CPI to rise 2.4% a year from now, the same rate as the survey 3 months ago.
• expect consumer prices to rise an annual 2.3% three years from now and an annual 2.2% five years from now

If those estimates are shared by the BoJ it keeps rate hikes on track.

This article was written by Eamonn Sheridan at www.forexlive.com.