Japanese companies' expectations for inflation over the next year stagnated...
TOKYO - Japanese companies’ expectations for inflation over the next year stagnated, a Bank of Japan survey showed on Tuesday, underlining the daunting challenge facing policymakers as they seek to boost growth and prices amid slowing global demand.
Firms expect consumer prices to have risen by an annual 1.1 percent three years from now, unchanged from the previous survey. Companies also saw inflation at 1.1 percent five years ahead, slightly below a 1.2 percent increase expected three months ago. A separate survey from the BOJ on Monday showed business sentiment slumped to a two-year low in the March quarter, underscoring concerns that Sino-U.S. trade dispute and softening global demand were taking a toll on the export-reliant economyRecent data showed increased strains on Japan’s trade-reliant economy.
Many in the BOJ expect Japan’s economy to emerge from the current soft patch in the second half of this year, assuming China’s stimulus plans can revive demand there.
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