TOKYO: Japanese companies expect consumer prices to rise an average 1.4 percent a year from now, slightly lower than their projection three months ago, a central bank survey showed on Tuesday, underscoring their doubts over the Bank of Japan's pledge to achieve its 2 percent inflation target next fiscal year.
Three months ago, companies expected prices to rise 1.5 percent over the next year.
Firms polled by the BOJ, as part of its detailed "tankan" survey for December, also said they expect consumer prices to rise an annual 1.6 percent three years from now and 1.7 percent five years from now.
The BoJ started the survey on corporate price expectations from the tankan in March to gather more information on inflation expectations, key to its current stimulus programme.
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