Fujio Mitarai Quotes
The world is facing a new networked, digital lifestyle, and we will ensure that Canon remains ahead of the game.
Mitarai, Fujio. "To Our Shareholders." Canon Annual Report 2000, Canon Inc., 2001, p. 3.
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.
Fujio Mitarai is the chairman and CEO of Canon inc. He studied Law at Chuo University, and was President of Canon in the USA until 1989.