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  ISSUE 20/2012 8 August 2012  
Dear !*TITLE*! !*LASTNAME*!,

Although we have the o'bon holidays next week in Japan, I guess that most of my Finnish readers are back in business and hope that you enjoyed the summer break, although a bit too hot in Japan and probably too cold and wet in Finland.

We start off the autumn season with our traditional Yakatabune cruise on Thursday, 23 August. We have about 15 slots left so if you plan to join and have not yet signed up, do so soon before we run out of seats. Read more about the event below.

Thursday, 23 August - FCCJ Yakatabune Event
Finnair AY4159 - Honka HJ4169 Code Share Cruise

Based on the success of last two year's cruises we have again decided to start off the FCCJ Autumn season in style and with some great fun, please join us for the Finnair AY4159 - Finn Tour FT4120 Code Share Yakatabune Cruise on Thursday, 23 August!

We have chartered our own Yakatabune boat. It starts at Asakusa touring down Sumida River to Odaiba and back in 2.5 hours. During the cruise you could enjoy a great Japanese tempura-sashimi dinner and drinks in the "all-you-can-eat & drink" style.

Date & Time:Thursday, 23 August , 18.30-21:00
Embarkation: Funayado Amisei, 2-1-31, Komagata, Taito-ku, Tokyo
[MAP] Please check also if you have already registered because the location has sligthly changed from what was in the flyer before. It is now same as last year, i.e. about 30 m south of Komagata bridge.
Cost:8,000 yen for members, non-members 12,000 yen
Registration:by Wednesday, 15 August

We have about 15 slots left, so please sign up soon to secure your seats!
For more information and registration form for the event, click link at right.

Tuesday, 4 September - German Chamber Event
The Sovereign Debt and its Global Implications

Speaker: Dr.Jörg Krämer, Chief Economist & Divisional Board Member for Research, Commerzbank

The Chinese economy is slowing, the US economy still suffers from the burst of the debt bubble.
However, the biggest risk for the global economy stems from the sovereign debt crisis in the euro-zone.

Date & Time:Tuesday, 4 September , 12.00-14:00
Embarkation: Grand Hyatt Tokyo, Coriander 2F [MAP]
Cost:6,000 yen (members), invoiced after the event
Please inform us of dietary restrictions if any.
Registration:by Tuesday, 28 August

Dr. Jörg Krämer, Chief Economist of Commerzbank since 2006, will pay particular attention to the European crisis and will analyse whether the German economy can continue to outperform the rest of the Euro-zone in the years to come. He will also give his perspective on the outlook for Asia. Marketwise, he will analyse the ECB monetary policy and highlight Commerzbank's outlook for bond yields and FX markets. Dr. Krämer has been member of the ECB Shadow Council since 2009. Prior to joining Commerzbank AG, he was Chief Economist of Bayerische Hypo-und Vereinsbank in Munich and Chief Economist of Invesco Asset Management Deutschland GmbH in Frankfurt.

For more information about the event, click link below
If you are interested in attending, please send the registration (directly to the German Chamber) by email to and note "FCCJ Member" to participate at the member price of 6,000 yen.
Friday, 28 September - The North-America - Europe Golf Challenge in Japan
Mercedes-Benz Japan Cup 2012

The 10th Anniversary North America - Europe Golf Challenge in Japan, the Mercedes-Benz Japan Cup 2012, will be played on Friday, 28 September, at the same venue as in previous years, the Atsugi Kokusai Country Club in Kanagawa Prefecture.

The organizing task-force is working hard to make this 10th Anniversary event a memorable one for all participants. Among other exciting new features we will have an "after-party", free for all players with their significant other at the Mercedes-Benz Connection in Nogizaka (opposite Tokyo Midtown) on Thursday, 4 October.

The participation fees are same as last year, i.e. a 3,000 yen non-refundable registration fee and a 21,000 yen fee (paid to the club) for the play, caddie, lunch and party and a lot of great prizes, for a total of 24,000 yen. Note that bus transportation is free for the 40 first to sign-up for it.

Sponsoring the event
If you want to promote your company through this event, and its web site, please sign up as a sponsor. Your contribution could be either money or goods/services. Sponsorship starts from 40,000 yen (100,000 yen in goods services).

To sign-up as player and/or sponsor, please click link at right.
Wednesday, 26 September - Brussels
EU-Asia Satellite Navigation Industry Seminar

An EU-Asia Satellite Navigation Industry Seminar, chaired by the European Commission - Directorate-General Enterprise and Industry, will be held in Brussels on 26 September, 2012. This event will focus on opportunities for industrial cooperation in the field of satellite navigation, between the EU and China, India, Japan, Republic of Korea and Taiwan.

Attendees will be entrepreneurs and representatives from the European satellite navigation downstream industry and representatives from EU Chambers of Commerce in these five Asian economies. The Asian representatives will present up-to-date information on GNSS industrial opportunities in their economies and will actively interact with participants.
News from Finland

UPM switches label paper manufacturing to China

Finnish paper making concern UPM is to construct a label paper machine at its Changshu mill in China.

The move reflects UPM's optimism in Chinese markets compared to declining fortunes in Europe. The machine, which will make paper labels, is scheduled to be on-line by the end of 2014. However, the company says production in China will not pose a threat to its paper manufacturing operations in Finland. According to the company, the Changshu mill made up about 7 percent of UPM's annual paper production capacity in 2011.

Finnish forestry group UPM posted a larger than expected drop in second quarter profits on Tuesday. UPM's April-June operating profit, excluding special items, fell to 118 million euros from 201 million a year earlier.

Grin of the Week

Not what she thought...

A well respected surgeon was relaxing on his sofa one evening just after arriving home from work. As he was tuning into the evening news, the phone rang. The doctor calmly answered it and heard the familiar voice of a colleague on the other end of the line.

"We need a fourth for poker," said the friend.
"I'll be right over," whispered the doctor.

As he was putting on his coat, his wife asked, "Is it serious?"
"Oh yes, quite serious," said the doctor gravely.
"In fact, three doctors are there already!"
Best regards

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

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 62 corporate members, 12 individual and one special member.