Japan firms expect CPI to rise 2.6% a year from now – BoJ Tankan Survey

“Japanese companies expect consumer prices to rise an average 2.6% a year from now, lower than their projection three months ago,” per the Bank of Japan’s (BoJ) quarterly results of the Reuters Tankan survey for the second quarter (Q2) of 2023.

That said, the headline Tankan Large Manufacturing Index jumps to 5.0 versus 3.0 expected and 1.0 previous readings.

More to come.