Japanese companies’ inflation expectations remained unchanged in March from the prior quarter, a survey from the Bank of Japan showed Thursday.
According to Inflation Outlook of Enterprises, firms expect consumer prices to rise 1.4 percent in one year, the same rate as projected in December.
For next three years, companies forecast 1.6 percent inflation, unchanged from the December survey. In five years, inflation is expected to be at 1.6 percent, slightly below 1.7 percent projected in the prior survey period.
Large manufacturers’ inflation expectations fell marginally to 1 percent from 1.1 percent, while large non-manufacturers’ inflation outlook held steady at 1.1 percent.
The material has been provided by InstaForex Company – www.instaforex.com