Japanese companies' long-term inflation expectations deteriorated in March from prior quarter, survey data from Bank of Japan showed Monday.
Inflation expectations for five-year ahead fell to 1.2 percent from 1.4 percent estimated in the previous survey period, the summary of Inflation Outlook of Enterprises revealed.
Likewise, the outlook for the 3-year period was downgraded to 1.1 percent from 1.3 percent.
Firms expect consumer prices to rise 0.8 percent in the year ahead versus 1 percent projected in December.
The bank had introduced negative interest rate in January in order to achieve its 2 percent inflation at the earliest possible time.
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