Corporate Japan expects to see only minimal inflation over the next year and barely any change looking ahead three to five years, a central bank survey showed Tuesday, highlighting yet again the difficulty the Bank of Japan faces in reaching its elusive 2 percent inflation target.
Companies surveyed by the BOJ expect consumer prices to have risen 0.8 percent a year from now, unchanged from their projection three months ago.
Firms also expect consumer prices to have risen by an annual 1.1 percent three years from now and 1.1 percent five years ahead, also unchanged from three months ago.