Japan firms see BoJ fall short of price goal for next 5 years: survey

TOKYO: Japanese companies expect consumer inflation to fall short of the central bank's 2% target for the next five years, emphasising the challenge it faces in trying to drive up inflation expectations through aggressive monetary stimulus.

Firms polled by the Bank of Japan, as part of a detailed tankan survey for June, said they expect consumer prices to rise an average 1.5% a year from now, unchanged from projections made three months ago.