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Tankan: Inflation expectations lowered www3.nhk.or.jp
The latest survey by the Bank of Japan shows businesses are anticipating a level of inflation well below the bank's target.
About 11,000 companies give their inflation outlook in the BOJ's quarterly Tankan survey.
Companies expect prices to rise an average 0.7 percent a year from now. That's down 0.1 percentage point from the April survey.
The firms in the survey also said they anticipate prices to increase an annual 1.1 percent 3 years from now.
Analysts point to a falling consumer price index and slow wage increases as factors keeping inflation expectations subdued.
The Bank of Japan wants to achieve a 2 percent inflation target in fiscal 2017.
Published Date:2016-07-04
