The second part of the Tankan was out earlier – the focus on this part is CPI:
In brief while firms expect inflation over the next months and years, their their expectations are unchanged from the Q4 survey and still falling way short of the BOJ goal of 2%.
For example, expectations for 3 and 5 years into the future are for 1.1%, barely over half way to target.
Which means …. there will be no exit from QQE and loose policy by the BOJ while the 2% target remans in place.
If you’d like more, rtrsReuters have recap: