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  ISSUE 32/2002

8 November, 2002  


Although it is still 46 days to Christmas (which the hotels and department stores in Japan, which started their Xmas decorations already a couple of weeks ago, do not seem to have realized...), we have already entered a rather hectic year-end period. So, even if your own schedule propably already is rather "congested", I would still like to bring up some events which might be, or should be, of interest.
Keep on reading!

FCIG Survey Luncheon Meeting - last reminder

This is a last reminder for the luncheon meeting were we present the Foreign Chambers Information Group's (FCIG) surveys, the FCIG & PricewaterhouseCoopers Compensation Survey in September, and the FCIG Business Confidence Survey this month.

Here are the details:
Date & Time:Wednesday, 13 November, 12:00-14:00
Place: Capitol Tokyu Hotel, B2F, Pearl Room
Cost:7,000 yen (collected at the door)
incl. the Business Confidence Survey report
and a special offer for the Compenstion Survey report (see below)
Registration:by Monday, 11 November

The Business Confidence Survey was conducted to provide an insight into what the foreign companies think about the current state of the Japanese economy and their own businesses, and to find out their future strategies on this market.

The Compensation Survey for locally hired staff at foreign-affiliated companies in Japan was conducted in cooperation with PricewaterhouseCoopers. This survey was the first and the largest (213 respondents) of its kind to be conducted in Japan. The report a definitive source of compensation benchmarks among foreign companies in Japan.

Special offer:
Those chamber members who participate in the luncheon will be able to make orders for the 100+ pages report at the meeting at a special price of 20,000 yen. Normal price for members is 25,000 yen, and for non-members 50,000 yen.

To register for this meeting (at latest on Monday), please click link at right (please indicate special meal request).
The 10th Anniversary
Scandinavian Christmas Party
The Finnish, Danish and Swedish Chambers of Commerce and the Norwegian Business Forum are jointly organizing the 10th Anniversary Scandinavian Christmas Party.

Party information:
Date & Time:Friday, 13 December, 19:00-24:00
Place: Royal Park Hotel, Hakozaki
Cost:15,000 yen (to be paid in advance)
Registration:by Friday, 22 November
We have sent out invitations to our members this week. If you would like to participate, please register very soon by using the reply form sent with invitations. In case you are a member (or work for a member company) and have not received the invitation, please click link at right.
Next Luncheon Meeting
Keijo Suila
Our next regular luncheon meeting will be held as a joint Scandinavian Chambers' meeting. We will have a prominent guest speaker, Mr. Keijo Suila, President & CEO of Finnair, who will give a presentation on a very timely topic: "Recovery for Airlines?"

Here are the details:
Date & Time:Monday, 2 December, 12:00-14:00
Place: Capitol Tokyu Hotel, B2F, Take Room
Cost:7,000 yen (collected at the door)
Registration:by Thursday, 28 November

Invitations will be mailed to our members next week, but if you would like to register already now, please click link at right.For more information and registration, click link below.
EU-Japan Centre for Industrial Cooperation seminar:
A New Era in the Japanese Corporate Tax System
By Andrew Ponting, Senior Manager, PricewaterhouseCoopers &
Yumiko Arai, Senior Manager, PricewaterhouseCoopers.
The enactment of Japan's new consolidated tax regime on 1 August 2002 (with effect from 1 April 2002) adds Japan to the lengthening list of countries allowing some form of tax consolidation. It is fair to say though that Japan has taken this step with a mixture of sentiments:
  • a desire to revitalize Japanese business and eliminate tax barriers for flexible business operations
  • set against a need to minimize the anticipated tax revenue loss resulting from the introduction of shortfall.

    Seminar Details:
    Date & Time:Wednesday, 13 November, 18:00-20:00
    Place: EU-Japan Centre, Conference Room 4F MAP
    Registration:first-come first-served

    For more information and registration, click link at right,
    News from Finland
    KCI Konecranes and Meidensha joint-venture partners
    KCI Konecranes and Meidensha Corporation of Japan (the Sumitomo sphere) have agreed to become Joint Venture partners in Japan. Meidensha will own 51 % and KCI Konecranes 49 % of Meiden Hoist System Company Ltd (currently 100% owned by Meidensha). Meiden Hoist System will continue its hoist and crane operations and will start using KCI Konecranesf CXT hoist technology under license.
    This agreement marks a historical event within the crane market. Japan represents one of the largest, if not the largest, hoist and crane market in the world. The electric wire rope hoist market alone is currently estimated to be approx. 15.000 units. As KCI Konecranes is active in most major markets globally, it has a strong interest in establishing itself in Japan.
    Grin of the Week

    50-50 partner
    Talking about joint ventures. Sometimes it could happen like this in real life business as well...
    A successful businessman had a meeting with his new son-in-law. "I love my daughter, and now I welcome you into the family," said the man. "To show you how much we care for you, I make you a 50-50 partner in my business. All you have to do is go to the factory every day and learn the operations."
    The son-in-law interrupted, "I hate factories. I can't stand the noise."
    "I see," replied the father-in-law. "Well then you'll work in the office and take charge of some of the operations."
    "I hate office work," said the son-on-law. "I can't stand being stuck behind a desk all day."
    "Wait a minute," said the father-in-law. "I just made you half-owner of a moneymaking organization, but you don't like factories and won't work in a office. What am I going to do with you?"
    "Easy," said the young man. "Buy me out."
  • Enjoy the weekend &
    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.