Fukui Called It! (Right?)

June 4, 2007
By Ken Worsley

Just hours after the Ministry of Finance announced that capital spending had increased for the 16th consecutive quarter and that corporate profits were up 7.4% in the same quarter, Bank of Japan Governor Toshihiko Fukui told reporters after a meeting of the Council on Economic and Fiscal Policy that the numbers were just as he expected: “The survey results were within (our) forecast,” the Governor said, apparently without elaborating any further.

I wonder what else is in that crystal ball?

Filed Under Bank of Japan, Capital Spending