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Japanese Firms' Inflation Expectations Rise: BoJ Tankan

Japanese companies' inflation expectations increased in the fourth quarter, survey results from the Bank of Japan showed Monday.

Companies forecast consumer prices to rise 0.8 percent in the year ahead compared to previous projection of 0.7 percent, the Tankan summary of "Inflation Outlook of Enterprises" showed.

Firms expect prices to rise 1.1 percent in three years time, in line with the forecast published a quarter ago. Similarly, the projection for 5-year ahead inflation was retained at 1.1 percent.

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