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Japan Inc. disagrees with BOJ's view cost-push inflation will be temporary

Channel News Asia LogoChannel News Asia1 mo ago

Japan Inc. disagrees with BOJ's view cost-push inflation will be temporary

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TOKYO : Japanese companies expect inflation to stay around the central bank's 2 per cent target for years to come, a survey showed on Friday, disagreeing with Bank of Japan Governor Haruhiko Kuroda's view that the recent cost-driven price rise will prove temporary.

Given that fact, the inflation expectations of firms are likely overshooting a little, too".

But analysts doubt the survey will prompt the BOJ to shift policy, given uncertainty on whether wages would rise enough to allow households to keep up with the higher cost of living.


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Article Details

Category: Economy

Topics: Japan Bank Policy Expectations Cent Central Companies Showed Survey Tankan Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 18:02:15

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 542 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24838

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 23m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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