Japan's companies expectations on inflation fall

Japan's companies expectations on inflation, for the month of June, dropped slightly thus boosting the doubts that price growth will reach the 2% goal amid the aggressive printing of money.

Japan's consumer price expected to rise 0.7%

Following tankan sentiment survey, last Friday, the estimations indicate that the consumer price would appreciate approximately 0.7%, on average, compared to the previous months' declination of 0.1% points.

Furthermore, amid the expectations that the households and the companies could spend more while hoping that the prices will increase in the future, the survey underscored the Bank of Japan's challenges in achieving its target after flooding the economy with cash.

Moreover, according to the chief market economist at SMBC Friend Securities, Mari Iwashita, the Bank of Japan will likely minimize its forecasts on inflation again.

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