The survey, carried out over the 30 days leading up to March 29th, showed that companies expect further improvements in business conditions following Mr Abe's aggressive push for monetary stimulus, with the headline indices for manufacturers and non-manufacturers forecast to rise to minus 1 and plus 9, respectively.

CNN: Japanese business sentiment ticks up

Though the quantity of new money created in recent years is beyond precedent, there was already a longstanding inverse correlation between the monetary base and inflation, expressed in terms of official indices as well as gold.

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