If this bulletin does not appear correctly in you mail reader, go to http://www.fcc.or.jp.com/email/0102.html FCCJ E-mail bulletin: ISSUE 2 * JANUARY 24, 2001

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1 FEBRUARY, 2001  


First month of the new year already gone...
Thanks your for all positive feedback regarding the new design of this bulletin.
So I continue to do it in this format, and hopefully even manage to improve it in the future.
In case you have any problems to see this properly, or to open then links in this mail, use the link at the bottom of this bulletin.

If you think that you have friends and/or colleagues that would like to receive this newsletter, please click the link to the right.

February Luncheon Meeting
The February Monthly Luncheon Meeting is a joint meeting with the Swedish and Danish Chambers and members of the Norwegian Business Forum are also invited.
The meeting is held on Friday 23rd of February at 12:00 at Capitol Tokyu Hotel.

Our guest speaker is Mr. Vesa Vainio, Chairman, Nordea (Nordic Baltic Holding).
The theme of his presentation will be:
Consolidation in the Nordic Financial Industries

Nordea is the new name of the financial group formed through the merger of Merita Nordbanken and Danish Unidenmark which will soon be joined by Norwegian Christiania Bank og Kreditkasse.
To learn more about Nordea, click link to the right.
Invitations will be mailed end of this week, but you could register now by clicking the link to the right.

Taxation Seminar for Expatriates
It is soon taxation time for most expats. To give you an insight in the Japanese taxation, and some valuable tips, FCCJ organizes a tax seminar were Mr. Yoshinori Sano, Certified Public Accountant, FCCJ member and well known among the Finnish business community, is our expert on these issues.

Preliminary content

  1. Classification by resident status
  2. Tax convention (treaty)
  3. Non-taxable/taxable benefits
  4. Deductions from income/Income tax table
  5. Local inhabitant tax
  6. Quasi-income tax return
  7. Stock options
  8. Answer to specific questions
Date & Time: Mon. 5 March 18:00-21:00
Venue: Open (depends on number of participants)
Fee: 5,000 yen (incl. light meal)

As we need to decide the venue soon, we would like to have your registration as soon as possible, and no later than 9 February.

Report from January Luncheon Meeting
Our January meeting was held last Friday at Capitol Tokyu Hotel. At the meeting, attended by 27 members and guests, Mr. Hajime Kobayashi, Deputy Director and Mr. Yoshiki Ohya, Manager, at the Japan Regional Development Corporation (JRDC) gave an update on the current investment climate in Japan and presented the activities of the JRDC.
Click link to the right for a report from the meeting.

Annual General Meeting
The FCCJ Annual General Assembly will be held on Friday 30 March at 16.30 at the Embassy of Finland.
Further details will be provided later, but mark this date in your calendar already now.

FCCJ NEWS February Issue
The next issue of our "hard copy" newsletter is under preparation and will be dipatched next week. In case you have news or announcemnets that you want to pass on to the 400 readers of the newsletter, send me a mail by clicking link to the right.

We have already noted the contact information changes of St. Farms and Wilson Japan, and name change of Neles Automation (to Metso Automation).

New Member
FCCJ has got a new member, Tekla Japan. Tekla developes software for constrution industry and other infrastructure applications.
Contact person is Mr. Joji Mitsui, General Manager.
We wish Tekla Japan welcome to our organization!
For more on Tekla Japan, click link to the right.

From other Chambers

  • The Swiss Chamber organizes a Breakfast Workshop in Japanese on Tuesday, February 20 at Okura Hotel. Guest speaker is Ms Ishii from Nippon Ericsson who will talk about "How to get good personnel to work for your company and how to keep them".
    For more, click here>>.
  • Congress on Exceeding Customers' Expectations in Japan for Foreign Companies Organized by the Belgian-Luxembourg Chamber of Commerce in Japan Held at the Embassy of Sweden on 24 of April.
    For more, click here>>.

News from Finland
Wireless ups and downs
Nokia reported on Tuesday its result for 2000. Some key figures; net sales grew by 54% to EUR 30 376 million, operating profit increased by 48% to EUR 5 776 million and operating margin was 19.0%. Well in line with analysts expectations.
One would think that this would have pleased the stock markets, but no. Nokia dropped almost 8 % in Helsinki, mainly because revised their estimate for the handset world market from 550 mill. to 500-550 mill. Talk about being sensitive.
On Wednesday the stock gained 1.83 %.

On another note relating to stock markets and mobile phones. Ericsson, one of Nokia's main rivals, announced last week that they would discontinue their own production of handsets and subcontract them to Flextronics of Singapore.
Elcoteq, which is (was?) one of Ericsson's main mobile phone subcontractors saw it shares halved in Helsinki.

But yesterday Ericsson and Elocoteq announced that their cooperation will continue.
"Our renegotiated partnership with Ericsson will reduce Elcoteqs exposure to the more volatile mobile phone markets, and increase our presence in the significantly more stable, and yet fast growing, mobile systems market," Elcoteq's chairman Mr Antti Piippo said.

And the Elcoteq stock gained 19.75 %...
Time for a bargain... or was it yesterday...

For more news, click link to the right.

Grin of the Week
If men really did rule the world...

  • The funniest guy in the office would get to be CEO.
  • Instead of beer belly, you'd get "beer biceps."
  • It would be perfectly legal to steal a sports car, as long as you returned it the following day with a full tank of gas.
  • Telephones would automatically cut off after 30 seconds of conversation.

If I would rule the world, the rain would stop before weekend!

Best regards

Clas G. Bystedt

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This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 200 persons among its members and related organizations.
FCCJ was established in April 1999 to promote trade and economic exchage between Japan and Finland and has today 71 corporate members.