Mizuho: Japan's short-term corporate inflation forecast is highly anticipated.

Rising oil prices lead to higher inflation expectations among Japanese businesses, according to economist Raikei Katagi of Mizuho Securities. He said that the upcoming Bank of Japan Tankan survey may show that companies are further increasing their inflation expectations. He explained that since the last survey in March, oil prices have remained high, prompting businesses to raise their price expectations in the June report. Katagi added that if this trend continues, it could exacerbate the Bank of Japan's concerns about the possibility of the core inflation rate exceeding the 2% target. In the March survey, businesses predicted that overall prices would rise by 2.6% in the coming year, higher than the previously announced prediction of a 2.4% increase.