Thursday, February 21, 2013
Many Companies Pessimistic About BOJ's 2% Inflation Target
TOKYO (Nikkei)--The 2% inflation target adopted by the Bank of Japan last month appears to be an unrealistic goal for many companies.
According to a survey released Wednesday by QUICK Corp., 40% of companies said they currently cannot foresee when the target will be met. This exceeds the 32% that expected the goal to be achieved in three years or sooner, and the 28% that anticipated the target will be reached within five years.
While 36% of manufacturers said the goal will be met within three years, 43% of non-manufacturing companies said the target cannot be achieved.
The survey was conducted Feb. 4 through Sunday, and targeted 463 listed companies.
(The Nikkei, Feb. 21 morning edition)