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  ISSUE 25/2002

2 September, 2002  


This time there's quite a lot to inform about so I assume were back to normal after the long, hot summer. And we should be, because September is here.
So, without any further introduction, to this weeks businesses.

Report from August Luncheon Meeting
"How to read the Financial pages"
The first luncheon meeting after the summer break was held on 30 August at the Capitol Tokyu Hotel.
Our guest speaker was Erik Ullner, Cheif Representative of Konigstedt Ltd.
In his presentation, Mr. Ullner introduced his company Konigstedt Ltd., gave an overview of his role in the investment process and touched upon subjects as "What does the wealthy look for?", What is the role of the investment advisor?" and "Investment Guidelines".
The main message to investors was that keep it simple, take the long-term view, diversify, minimize risk and invest only a small portion of your wealth in risk assets.

For more about the meeting, which was attended by 20 members and guests, click link at right.
September Luncheon Meeting
Kaj Forsell
At our next meeting we will have Mr. Kaj Forsell, President, Tekla K.K. as our guest speaker and the theme for his presentation is tentatively "Tekla's Business in Japan". Tekla is leading the way in infrastructure management software globally.

Luncheon details:
Date & Time:Friday 20 September, 12:00-14:00
Place: Capitol Tokyu Hotel, Nikko Room (B1F)
Cost:7,000 yen at the door
Registration:by Wednesday 18 September

After completing studies at Stockholm University, Kaj Forsell worked as auditor with Arthur Andersen for 5 years in four countries (UK, USA, Norway & Finland), 3 years as Financial Controller in London for a UK group of leasing companies and 6 years in Stockholm for ABB as Senior Vice President and CFO of the groups Global Leasing operations. In 1996 Mr. Forsell moved to Japan to work as CFO and Country controller for Nokia until 2000. After a short stay at Nokia Head Office in Finland, he returned to Japan in November 2001 as President of Tekla K.K.
Stora Enso Cup:
FCCJ Golf Competition & Sweden-Finland Golf Challenge
The 4th FCCJ Golf Competition is played on Friday 11 October and this is at the same time the 2ndand Sweden-Finland Golf Challenge were we play team competition against the Swedish Chamber. Sadly we lost last time, so now it is time for a sweet revenge!
FCCJ members play for the FCCJ Golf Cup and the team competition for a trophy donated by Stora Enso Japan K.K.
And, the best golfer (Stableford points with handicap) will win a Business Class round-trip ticket Tokyo/Osaka - Scandinavia donated by FINNAIR.

Here are the details:

Date & Time:Friday, 11 October , first tee-off 9.03
Place: Ibaraki Golf Club , Ibaraki Pref.  MAP 
Cost:18,300 yen (incl. green fee, caddie, tax, locker)
+ party fee ca 3,000 yen
Bus:In cooperation with SCCJ we organize bus transportation from Shibuya.
Fee ca. 4,000 yen

More informaton will be mailed to our members this week. Note that due to the rules of the competition, this invitation applies only to FCCJ members (incl. employees at member companies).
If you would like to register already now, please click link at right. Give also your handicap, or three latest scores and also note in case you would like to use the bus service.
EBC Event:
Chiba Prefecture: Briefing and Reception with Governor Domoto
In the spirit of cooperation between EBC and the Chiba Prefectural Government Authorities, the Chiba Governor Domoto has extended and invitation to all EBC and chamber members to a briefing and reception as follows:

Date & Time:Monday, September 9, 2002 , 16:00-17:30
Place: Hotel Okura

In addition to Governor Domoto, EBC Chairman, Mr. Richard Collasse will address the gathering.

If you are interested to attend this event, send me a mail and I will provide further information.
EU-Japan Centre Seminar:
Bio-nanotechnology in Japan
The EU-Japan Centre for Industrial Cooperation is pleased to announce the forthcoming JOHOGEN Seminar in Tokyo entitled:
Bio-nanotechnology in Japan - Public Initiatives, Venture Capital, new initiatives and impact on European Corporations by Gerhard Fasol PhD, CEO, Eurotechnology Japan K.K.

Date & Time:Friday, 6 September 14:00 - 16:00
Place: T.B.A.

For more information and registration form, click link at right.
News from Finland
Sonera's 3G services on the market in September
Sonera is going to introduce thrid generation mobile phone services in Finland on 26 September.
The service will initially use existing networks and in coming months also in the UMTS network.
Sonera's services can be used with so called mms phones which supports Java.

Sonera's UMTS network has been open since January 2002 in limited areas in Helsinki, Tampere, Turku and Oulu. This was the first UMTS network in Europe that serviced several cities.
Grin of the Week
Successful Business?
A man has been in the IT business for many years and the business is going down the drain. He is contemplating suicide and goes to the priest to seek his advice.
The priest says, "Take a beach chair and a Bible and drive down to the beach. Take the chair out of the car, and open up the Bible. The wind will riffle the pages for a while and eventually the Bible will stay open at a particular page. Read the first words your eyes fall on and they will tell you what to do."
The man does as he is told. Three months later the man and come back to see the priest.
The man is wearing a $1,000 Italian suit and hands the priest a thick envelope full of money and tells him that he wants to donate this money to the church in order to thank the priest for his wonderful advice.
The priest is delighted and asks him what words in the Bible brought this good fortune to him.
The man replies: "Chapter 11".

This was a quite long bulletin, so thank you if you read this far...
And next week we will launch the FCIG Compensation Survey, which we believe will be an important tool in HR managament for foreign affiliated companies in Japan.
A last note; Yes, Japan is changing, just read that Toyota and Nissan will form a business alliance in the area of environmentally friendly vehicles. Only a few years back this would have been unthinkable.

Have a nice week &
Best regards

Clas G. Bystedt

If you have any comments, rumors, gossip or inside information,
send it to: fccj@gol.com

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This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 400 recipients among its members and related organizations.
FCCJ was established in April 1999 to promote trade and economic exchange between Japan and Finland and has today 71 corporate members.