Reuters Corporate Survey: BOJ seen taking more-than 3 years to achieve 2% price target
|The latest Reuters corporate survey on when the BOJ’s will achieve its 2% price target, revealed that a majority of the Japanese firms believe that the central bank could take more-than three year to reach its objective.
This survey was conducted for Reuters by Nikkei Research between August 1-16
Polled 548 big and mid-sized firms that reply on condition of anonymity
244-250 companies answered questions about BOJ policy
Key Headlines:
37% of Japan firms see BOJ’s price goal taking more than three years to achieve,
31% say goal is impossible
Compared to October when the same question was asked in the monthly survey, the number of firms believing it was impossible saw a 5% uptick although the number saying it was achievable within three years also saw a 5% rise
Only 14% of firms want the Bank of Japan to go further with monetary easing
46% want it to stand pat with current policy
40% said they would prefer that the central bank sought some sort of exit from its ultra-easy stance
When asked on BOJ’s policies till data:
52% saying they were satisfied
Remainder saying they were unhappy
On the 2% inflation goal itself, 53% said it should be maintained, 20% believed it should be lowered and 24% said it should be ditched altogether
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