BOJ Tankan Likely to Show Rise in Corporate Inflation Outlook
Dow Jones
Yesterday
0743 GMT - The Bank of Japan's Tankan survey could show a further rise in the corporate inflation outlook, says Mizuho Securities economist Ryosuke Katagi. He attributes this to the continuing Middle East tensions and higher oil prices potentially heightening the BOJ's concern over upside risks of underlying inflation exceeding 2%. In the previous June survey, Japanese companies projected a faster pace of growth in both output and overall prices. This, Katagi says, prompted the BOJ to deliver a sooner-than-usual interest-rate hike at its policy-setting meeting earlier this month. The Tankan survey is due Thursday.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.