Japanese companies' inflation expectations slid in the three months to Dece...
TOKYO - Japanese companies’ inflation expectations slid in the three months to December, a central bank survey showed, a sign years of heavy money printing has done little to turn around the public’s sticky deflationary mindset.
The data reinforces market expectations that subdued inflation will force the Bank of Japan to maintain its massive stimulus program for a prolonged period, or even ramp it up, to hit its elusive 2% price goal. The economy is showing signs of weakness, with household spending falling in October for the first time in almost a year due partly to a sales tax hike that rolled out during the month.
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