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  ISSUE 10/2003

6 May, 2003  

Dear !*SALUTATION*! !*LAST_NAME*!,

This month we have two interesting events which should provide us with more insight in the politics and business climate in Japan. First the luncheon meeting with the Finnish born MP Marutei Tsurunen on the 26th and then the Business Confidence Survey presentation on the 28th.
Read more about these below!

Report from the April Luncheon Meeting
Ryuji Kita

At our April meeting held on Friday the 25th our speaker was Mr. Ryuji Kita, President of Sunarrow Limited, which has made one of the most recent Japanese investments in Finland, and which also is a recent new FCCJ member.

Sunarrow is a leading manufacturer of keysheets for mobile phones, holding a 20 % world market share. They are a major supplier of this item to Nokia and Elcoteq and have factories in several locations close to Nokia, e.g. in China, Hungary and now also in Finland, where they completed their factory in Salo this January.

The Salo factory employs at the initial stage 80, and the value of the investment is about 300 million yen. Sunarrow also have cooperation with Nokia in other locations in Finland, e.g. their own designers in Oulu.

For more about the meeting, attended by 27 members, click link at right.

Marutei Tsurunen
Joint Scandinavian Luncheon Meeting

At the May luncheon meeting, which is joint event with the Swedish and Danish Chambers, we will have an interesting guest speaker: Mr. Marutei Tsurunen, Member of the House of Councillors, and his theme is "Things I'd like to change in Japanese politics".

Date & Time:Monday, 26 May, 12:00-14:00
Place: Capitol Tokyu Hotel, Take Room, B2F [MAP]
Cost:7,000 yen (collected at the door)
Registration:by Wednesday 21 May

  Mr. Tsurunen came to Japan as a missionary of Lutheran church in 1967. In 1974 he resigned as a missionary and moved to Azumi-mura, Nagano Prefecture working as translator and administrator of private English school. In 1979 he became a naturalized as a Japanese citizen.
In 1992 he was elected member of the town assembly of Yugawara, Kanagawa Pref. from were he resigned in 1995 to stand as a candidate for Upper House from Kanagawa electoral district, acquired 340,000 votes, but lost as a runner-up. In 1998 he stood again as a candidate for Upper house and acquired 500,000 votes, 7,000 short of the seat. In 2000 he ran for the Lower House, lost as runner-up, and in 2001 for the Upper House, again loosing as runner-up. Finally in 2002 he was elected to the Upper House as a result of Mr. Kyosen Ohashi's resignation.

To register, please click link at right.
FCIG Business Confidence Survey Luncheon

The Foreign Chambers Information Group (FCIG) has conducted the FCIG Business Confidence Survey on April. The survey, which got almost 500 responses from companies representing 15 foreign chambers of commerce and business groups, will be presented at a joint luncheon with members from all participating chambers.

Date & Time:Wednesday, 28 May, 12:00-14:00
Place: Capitol Tokyu Hotel, Silver Room, B2F [MAP]
Cost:7,000 yen (collected at the door)
incl. the Business Confidence Survey report
Registration:by Friday 23 May

  The survey, conducted for the third time (previous survey took place last October) to provide an insight into what their members think about the current state of the Japanese economy and their own businesses, to obtain reliable data on how foreign companies perform in Japan and to find out their future strategies on this market. The survey idea and technical implementation is by the FCCJ.

To register, please click link at right.
Joint Chamber Guest Speaker Luncheon organized by CCCJ:
History of the Roppongi Hills Project and its role for the revitalization of Tokyo
by Mr. Hiroo Mori, Managing Director, Mori Building Co. Ltd.

Roppongi Hills is one of Japan's largest redevelopment projects and the most extensive urban redevelopment project in Japan ever to be realized by the private sector.
Hiroo Mori
With its focus on urban culture, this innovative project will help Tokyo present a new face to the world. The development centers around a 54-story office tower and includes residential accommodations, over 200 shops and restaurants, movie theatres, a shopping mall, hotel, art museum and broadcasting center.

Mr. Hiroo Mori, Managing Director will speak on this exciting new development and plans for a similar project in Shanghai.

Date & Time:Thursday 15 May, 12:00-13:30
Place: Grand Hyatt Tokyo, 3F [MAP]
Cost:7,500 yen (collected at the door)
Registration:by Friday 9 May

To register, click link at right.
News from Finland

Trade surplus 572 mill. euro in February

Finland's exports and imports grew slower than expected in February. Exports grew by 3 % to 3 533 mill. euro. Imports grew by 10 % to 2 961 mill. euro.

The trade surplus was according to the statistics published by the National Board of Customs 570 mill. euro. A year earlier the surplus was 727 mill. euro.

The major export growth markets were Netherlands (+16%), Japan and Sweden (+15%), Russia and Belgium (13%), Norway (+9%) and USA and China (+8%).

For a summary of Finland's main trading partners, click here.
Grin of the Week

Bad Japanese Economy

According to insiders, the banking crisis shows no signs of easing. If anything, it's getting worse.

Following last week's news that Origami Bank had folded, we are hearing that Sumo Bank has gone belly up, and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale, and it is (you guessed it!) going for a song.

Meanwhile, shares in Kamikaze Bank have nose-dived, and 500 back-office staff at Karate Bank got the chop. Analysts report that there is something fishy going on at Sushi Bank, and staff there fear they may get a raw deal.

...and the blossom period is over for Sakura Bank...

Have a nice week and

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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ABOUT THIS BULLETIN
This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 460 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 72 corporate members.