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  ISSUE 22/2008 4 November, 2008  

Dear !*TITLE*! !*LASTNAME*!,

The Foreign Chambers in Japan (FCIJ) has been conducting Business Confidence surveys online twice a year since 2002 among foreign-affiliated companies in Japan. The fourteenth survey was conducted between October 15 and 24, 2008, and received 419 valid responses and the report has now been completed.

As expected, due to the strong downturn in the global economy, the sentiments about the Japanese economy were much more pessimistic than in the previous survey in April 2008, and showed now the steepest drops and lowest values since the surveys started in 2002. On a scale from -2 (strong decline) to +2 (strong improvement), this survey's forecast on the Japanese economy for the next six months had an index of -0.91 (compared to -0.33 in the April 2008 survey) and for the next 12 months, -0.55 (-0.07 in the April survey).

The negative sentiments on the economy were also reflected in the reported and forecasted sales and profitability figures. Although the index for sales and profitability during the previous six months where still slightly in the positive territory (+0.10 and +0.03 respectively). For the next six months both in sales and profitability a slowdown is expected, although on a rather lower level, -0.05 and -0.12 respectively. The corresponding figures in the April 2008 survey were +0.60 and +0.47, so the drop is rather steep.

For the full report of the survey, please GO HERE!

Friday 28 November
The 16th Scandinavian Christmas Party

The social highlight of the year of the Nordic Chambers in Japan, the Scandinavian Christmas Party, is this year held on Friday, 28 November, at the same venue as last year, The Westin Tokyo.
The committee has been working hard on a new and exciting program for this year's party. Together with the staff at The Westin Tokyo, the committee is confident that all participating chamber members, and their guests, will experience a party better than ever before!

Registration Open !
The registrations for the party has now been opened, please click here if you want to sign-up. Note that the registration dead-line is Friday, 21 November.

We are still recruiting sponsors for the party. Without the continuous support from a large number of companies and organizations, we could not have made this event as enjoyable as it has been throughout the years.

If you sign-up as a sponsor now (click link below for online sign-up), before we open registration and announce the site to all chamber members, you will get most benefit of your contribution.
Tuesday, 18 November - FCCJ Luncheon Meeting
Tyler McGee, President, Nokia Japan Co., Ltd.

Our next luncheon meeting will be held on Tuesday, 18 November, where we will have Mr. Tyler McGee, President, Nokia Japan Co., Ltd. as our speaker. Mr. McGee will talk about Nokia globally and in Japan, current developments and future focus areas.

Details:
Date & Time:Tuesday, 18 November, 12:00-14:00
Place: Hotel Okura , Main Bldg 1F, Atlantic Room [MAP]
Cost: members 7,000 yen, non-members 8,000 yen (collected at the door)
Registration:by Friday, 14 November

Profile of Mr. McGee
Tyler McGee, President of Nokia Japan, is responsible for the overall business management of all strategic and operational issues in Japan. Tyler was appointed to this position on 1st January 2006.

Tyler is also Vice President, Sales, Customer & Market operations, North East Asia, and his role covers overall sales and marketing activities in Nokia Korea as well as in Japan.

Tyler was Vice President, Sales, South East Asia Pacific, Customer and Market Operations since 2002. In that role, Tyler was responsible for the management of the company's sales units in nine countries: Australia, New Zealand, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Between 1999 and 2001, Tyler was Manager Director of Nokia in Australia, where he was responsible for the overall management of strategic and operational issues including sales, marketing, distribution development and logistics in that market.

Tyler first joined Nokia in Australia in 1994, and has held several senior positions in the company in sales and marketing. Tyler has over 17 years of industry experience in telecommunications and in the mobile phone industry across Europe, Australia, Canada and Southeast Asia.

If you would like to attend and have not yet signed up, please click link below!
To check who has already registered, click HERE!
Wednesday, 26 November - The EBC Year 2008 White Paper Launch
Economic Integration - The New Reform Paradigm

The year 2008 EBC Report on the Japanese Business Environment entitled, Economic Integration - The New Reform Paradigm, will be launched at a luncheon event on Wednesday, November 26.

As the EBC White Paper is the EBC's hallmark publication and the launch is our premier event, we urge you to sign up. As this is the last year for EBC Chairman, Mr. Richard Collasse, to preside over the event, we are really hoping for a very large turnout of members to support our messages.

H.E. Ambassador Hugh Richardson, EBC Chairman, Richard Collasse, and a panel of key EBC Committee Chairmen will speak at the event. The EBC will also invite the national European Ambassadors, and a large number of key Japanese Government personnel and the press to attend.

Details:
Date & Time:Wednesday, 26 November 2008, 12:00-14:00
Venue: Hotel Okura, Akebono Room, Main Bldg. 1F [MAP]
Cost: 10,000 yen (at the door)
includes one copy of each of the English and Japanese reports
Registration:by Friday, 21 November

For more information and to register directly with the EBC, click link below.

Thursday, 27 November - GCCIJ Luncheon Meeting
From Crisis to Opportunity: Japan in the New Global Economic Order
Jesper Koll, Tantallon Research Japan K.K.

The German Chamber of Commerce and Industry in Japan (GCCIJ) invites FCCJ members to this luncheon meeting.

Japan has what it takes to emerge a winner from the global crisis... ...a powerful technology base, low financial leverage, huge savings and a diligent labor force that can easily compete with almost any global competitor. Against this, a massive fiscal deficit, very adverse demographics and fragmented policy making threaten to pull Japan back to domestic stagnation.

Which force will win? Where are the industries and companies that will take the lead? How can your company benefit from the emerging global economic order and Japan's force in it?


Jesper Koll has been a leading Japan strategist and investor since becoming a Japan resident in 1986. Before setting up his own consultancy in 2007, he was the chief economist for Merrill Lynch and JPMorgan.

Details:
Date & Time:Thursday, 27 November 2008, 12:00-14:00
Venue: Westin Tokyo, Star Room, B2 level MAP
Cost: 7,875 yen (for FCCJ members)
Registration:by Thursday, 20 November

For more information and to register directly with the German Chamber, click link below.

Book about Finland in Japanese: "Finland Yutakasa no Mesod" (Finland - the method of affluence)

Tokiko Horiuchi, who has studied at Jyväskylä University and now works at Metso Paper Japan Co., Ltd., has written a book about Finland.

This book covers many aspects of Finland, Finns and Finnish culture from topical education to Finnish communication style based on the author's experiences in Jyväskylä. The 6th edition has already been reprinted, since the book was originally published in the end of July and the cumulative total is 38,000 copies.

-Abr Book review of Asahi News paper (14th Sep 2008)
"Nowadays tone of the articles reporting Finland contains high commending. However the author treats Finland from natural viewpoint based on her experiences living in the country. The book describes real Finland including the problems and that is its attraction. By reading the book I can know affluence of Finland, which is not measurable by GDP"

For more information from the publisher (in Japanese), click link below.

News from Finland

Jorma Ollila is Finland's top earner

Data released by Finnish tax authorities on Monday show that Jorma Ollila, chairman of Nokia and Royal Dutch Shell, was Finland's top earner last year with about 9.8 million euros in earned income.

The runner-up was Juha Lindfors, an investor, with 5.3 million euros, while third place went to Mika Ihamuotila, the chief executive of Marimekko, with 5.1 million euros.

Grin of the week

Take it for what it is

A man was driving up a steep and narrow mountain road. A woman was driving down the same road. As they passed each other, the woman leaned out the window and yelled, "Pig!"

The man immediately leaned out his window and replied, "Bitch!"

They continue on their way and as the man rounded the next corner, he crashes into a big pig in the middle of the road.

Best regards

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


ABOUT THIS BULLETIN

This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 650 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 65 corporate members, 15 individual and one special member.