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  ISSUE 20/2003

8 October, 2003  


It's been a busy time and this bulletin is slightly delayed. Being a very, very small office we have to work by the fire brigade principle, first take care of the critical issues, then if time allows the rest. In any case, from now on there are a lot of activities coming up, so you don't have to wait (if you ever wait...) for three weeks for the next issue.

Next week we will start the Autumn 2003 FCIG Business Confidence Survey, the Golf Challenge against the Swedish Chamber will take place on 14 November (revenge to be taken...), and soon it's Christmas, and time for the Scandinavian Xmas Party. This year we have decided to go online (well, the party is still very physical...) so we are making a web site for the event and I will publish it in my next bulletin. In addition to this we of course have our regular luncheon meetings, read more about the October meeting below.

Europe edges North America
DaimlerChrysler Cup
The First Annual North America - Europe Golf Challenge in Japan

The winning team and EBC Chairman Richard Collasse
To further increase business relations amongst the international business community in Japan, the European and North American business communities in Tokyo held a friendly golf tournament at Atsugi Kokusai Country Club on September 26. Sponsored by German-American auto giant Daimler-Chrysler and 25 other companies, the tournament brought together 133 players from the American and Canadian chambers on one side and the European Business Council on the other side.

Using the double Peoria (shin-peria) scoring system and calculating the average net score of all players, the Europeans came out on top by 1.5 strokes. The tournament was the first of its kind to take place in Tokyo, and will be played annually in the future.

To find out more about the event and results, please click below for the web site of the Cup.

October Luncheon Meeting

The next luncheon meeting is held on Tuesday 28 October. Our speaker is Mr. Olli Juvonen, Commercial Counsellor, Finland Trade Center (Finpro) and the theme of his presentation is:
"Finland Wellbeing Center Project in Sendai"

Date & Time:Tuesday, 28 October, 2003, 12:00-14:00
Place: Capitol Tokyu Hotel, Take Room
Cost:7,000 yen (collected at the door)
Registration:by Friday 24 October

About the Finland Wellbeing Center
The city of Sendai is building a comprehensive well-being center for the elderly people. The Center will be planned and built based on Finnish technology and the 33 million euro project is the largest Finnish health care project to be implemented abroad.

If you would like to attend, please register by clicking link below.
With Minister Luhtanen in Tokyo:
Finnish ICT Business Delegation meets FCCJ

In connection with the visit of Minster of Transport and Communications, Ms. Leena Luhtanen, to Japan, Finpro organized an ICT Business Delegation to Japan, consisting of 12 members. The delegation also participated in the Finnish-Japanese Information Society Forum at Waseda Univerity, organized by Tampere and Waseda Universities and the Finnish Institute in Japan. Minister Luhtanen gave an opening speech at the Forum.

On Tuesday 7 October FCCJ board members and representatives of the ICT industry among our members had a luncheon meeting with the delegation. The meeting, attended by 20 persons, proved to be a good occasion for both parties to exchange views and information.

FCCJ also participated in a briefing for the minister and her delegation on Sunday 5 October at the Embassy were we presented our activities and the latest Business Confidence Survey.

For more information on these events, please click link below.
FCCJ News No. 28

We are now preparing the October issue of our printed newsletter, FCCJ NEWS. This will include a report from the DaimlerChrysler Cup, member presentation (Finnair), company news, meeting reports, and much more.

If you have news from your company (e.g. changes in contact information, new staff, etc.) that you would like to convey to our readers, please drop us a line. Photos are also welcome!
Dead-line is Friday 10 October.
JMEC - Japan Market Entry Competition
JMEC is a management-training program and competition for young business people wherein participants get hands-on experience in developing real business plans for actual companies.

JMEC is sponsored by the FCCJ in partnership with ten other foreign chambers of commerce in Japan. JMEC is also supported by the Delegation of the European Commission in Japan.
Preparation for the 10th JMEC Program is underway and they are now accepting applications from Participants and Project Clients. This year they will accept a total 48 Participants and 8 Project Clients.

For further information, click link at right.
Finland Cafe in Daikanyama
The "Finland Cafe", organized by the Finish Tourist Board's Tokyo Office, will open throughout the the month of October.
The Cafe, located in Daikanyama, offers Finnish cuisine and design, more than 20 Finnish companies present their products in the cafe. Customers will be able to enjoy great original Finnish cuisine.

For more info (in Japanese) and a location map, click link at right.
News from Finland

Nokia sees huge growth potential in multimedia services

Nokia and an international sports marketing company IMG/TWI have developed services that enable handset enthusiasts to consume sports images, news, updates and audio commentary on their mobile phones. Nokia sees huge growth potential in these services.

"Already today, mobile data services is around 40 billion euros annual business globally, and we expect this to grow to over 180 billion euros by 2007," said Esa Harju, director of marketing at Nokia Networks, in a statement.

Nokia said the five operators offering trial periods of these services to their subscribers included CSL in Hong Kong, DTAC in Thailand, M1 and StarHub in Singapore, and O2 in the UK.

Nokia said the content was structured for each geographic territory on the basis of local sports interest. The sports services included golf, tennis, football, athletics, cricket, motor sports, badminton and horse racing. On Monday, Nokia announced the global launch its first game console phone the N-Gage.
Grin of the week

Finnacial definitions

CEO ... Chief Embezzlement Officer
CFO ... Corporate Fraud Officer
MBA ... Master of Bogus Accounting
BULL MARKET ... A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET ... An extended period when kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
P/E RATIO ... The percentage of investors wetting their pants as the market goes lower.
STANDARD & POOR ... My life in a nutshell.
STOCK ANALYST ... Idiot who just downgraded my stock.
STOCK SPLIT ... When your ex-wife and her lawyer split your assets between them.

I have heard another interpretation of MBA as well, supposedly used frequently by foreign executives after 2 AM in Roppongi - Married But Available...

Finally - at least some Finnish executives used their free time in a constructive way, literally speaking, check here!

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 500 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, 15 individual and one special member.