BOJ Official: December Tankan likely did not take into account impact of Omicron

Commenting on the outcome of the central bank’s Tankan Survey, a Bank of Japan (BO) official said, “most firms that replied in December BOJ Tankan likely did not take into account impact of Omicron.”

On inflation, the official noted that Japan firms' inflation expectations for one year ahead stand at +1.1%m the highest level since September 2015.