Japanese companies' inflation expectations remained broadly unchanged in June from the prior quarter, a survey from the Bank of Japan showed Thursday.
According to Inflation Outlook of Enterprises, firms expect consumer prices to rise 1.4 percent in the year ahead, the same rate as projected in March.
Consumer prices are forecast to rise 1.5 percent in three years, slightly slower than the previous projection of 1.6 percent. The forecast for five years came in at 1.6 percent, same as seen in the prior survey.
Large manufacturers' inflation expectations held steady at 1 percent and large non-manufacturers' inflation outlook remained unchanged at 1.1 percent.
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