More on the BoJ’s Fukui June 22, 2006Posted by fukumimi in Finance, Japan.
Governor Fukui's hole seems to be getting deeper and deeper.
Having previously stated that he didn't "make much" on his investment with the Murakami fund, it transpires that his original JPY10M had grown to JPY24.7M in 6 years or so. This during a time where ordinary people were earning about 0.1% annual interest on their savings accounts, or 0.001% annual interest on their basic accounts.
He also said previously that he had not realised any profit from his investment, yet 5 years ago, JPY2.42M was paid into his bank account.
Major media outlets are also discussing the timing in february of his decision to withdraw his funds from Murakami & Co., specifically citing possibilities such as a leak regarding the investigation into Murakami's suspected insider trading, or the BoJ's monetary policy shift about which Fukui would have had full knowledge.