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  ISSUE 15/2018 11 June 2018 
Dear !*TITLE*! !*LASTNAME*!,

Our next event is the FCCJ Fishing Tour on Sat. 23 June. We have a few slots left, better sign up soon. Note that no previous fishing experience is needed and we provide all equipment. And, it is fun and you get enough fish for a few dinners. More information below!

We are still planning for a summer event and will provide information as soon as details are fixed. But the autumn season starts off with our traditional Yakatabune (river boat) Cruise on Friday, 31 August. Mark this in your calendar and if you are interested to know more, click here!

This week we have a new contribution from our "Aoyama View" columnist, titled "Showdown in Singapore, commotion in Canada and cover-ups in Tokyo". Click banner for insights in the interesting, but turbulent events in global politics as well as views on current issue in Japanese business and political issues!

Saturday, 23 June - FCCJ Special Event

FCCJ is making its second fishing tour on Saturday, 23 June. Come and enjoy fishing in hopefully nice weather, a lot of fish and definitely in good company! We will be catching Aji (horse mackerel) and according to our expert you should catch many, tens....
We tour will start from Kurihama, behind Yokosuka.

Thanks to the support of MOS Tax Corporation, the fee for the tour is only 8,000 yen for FCCJ members. The fee includes the fishing, fishing rod, bait as well as lunch and drinks onboard.

The fishing company Kurihama Kurokawa Honke's web site is here.

To check out what it is all about, check here for a report from last year's tour.

We have 6 slots left of the 12 available, so sign up soon!
Non-members will only be accepted after registration dead-line if space is available.

Date & Time:Saturday, 23 June, 8.00-15:00
Port: Kurihama, Kanagawa Pref. [MAP]
Cost:Members 8,000 yen, others 12,000 yen (if space available)
Registration:by Wednesday, 20 June

The tour starts at 8:00 and you can go there by train, Keikyu line from Shinagawa at 6.37 arriving at Keikyu Kurihama at 7:36 (59 mins). From the station we can arrange transportation to the port, 7-8 mins. by car. Some will go by car so we can also do ride-sharing.
Note that the cost for transportation to/from Kurihama is not included in the fee.

To register, click link at right. Please note that we will invoice the fee in advance. Cancellations after 20 June and no-shows will be charged.
Report from the Joint Chamber Summer Coctail on 7 June

On Thursday, 7 June one of the most popular joint chamber functions of the year, the Joint Chamber Summer Cocktail attracted a crowd of about 380 business people from 15 chambers, for an evening of great food, drink, fun and networking.

This event was organized by the Canadian Chamber of Commerce in Japan in cooperation with the following Chambers: American, Austrian, Australian and New Zealand, British, Finnish, French, German, Greek, Italian, Netherlands, Spanish, South African, Swiss as well as the Tokyo Chamber of Commerce and Industry.

For more pictures from the event held at Roppongi Hills Club,
Monday, 18 June: EBC Event
EBC Tax Seminar
on corporate, income and inheritance taxation of foreign affiliated companies and foreigners working in Japan

The Japanese Tax Reform 2018 produced further alignment between the Japanese tax legislation and recent initiatives of the OECD under its program to combat Base Erosion and Profit Shifting. In addition, the OECD's Multilateral Instrument is now in process, and likely to be ratified by the Japanese government during this year. These developments will inevitably have a significant impact on the way in which companies plan and manage their tax policies and strategies whether in Japan or overseas.

On the individual front, the revisions of the Japanese Inheritance and Gift Tax have brought partial tax exemptions for many but not all foreign national long-term residents. The taxation of overseas rental losses has been picked up by the Japanese board of audit and may be subject to changes soon. Other issues of interest are capital gains on securities and, company car taxation and support of overseas dependents.

On June 18, EBC Tax Committee members from the tax profession and industry will introduce the tax impacts explain planning opportunities as well as common pitfalls, and discuss these issues in an exclusive Q&A session.

  • Hans-Peter Musahl, Partner, Ernst & Young Tax Co.
  • Duncan Adrain, Senior Manager, KPMG Tax Corporation
  • David Bickle, Partner, Deloitte Tohmatsu Tax Co.
  • Marcus Wong, Partner, PwC Tax Japan

  • Details:
      Date & Time:Monday, 18 June, 17.00-19:00
     Venue: The Delegation of the EU to Japan
    1F Europa House, 4-6-28 Minami-Azabu, Minato-ku, Tokyo [MAP]
      Fee:No charge
      Registration:by Thursday, 15 June

    For more information and registration, click link at right!
    Friday, 22 June - #3 Special ar of Global Agenda Seminar series.
    The Role of Social Media in the Use of Personal Information for Advertising and Promotion

    No day seems to pass without media reports and debates on the role of social media and how to use/protect individual information. Many of you must have heard that M. Zuckerberg testified in front of the the US policy makers and law makers of EU recently. With GDPR in place as of May 25, 2018, more and more are concerned about the use of personal information, possibly for the political purposes.

    We should not forget, however, the digital media has offered many benefits to the society. For example, we may get more convenience in accessing the products/service we want and may be able to connect with people with same interest etc. It is also expected to add new soft power & contribute to the citizen-to-citizen diplomacy.

    It is about this topic we would like to discuss on Friday, June 22 as #3 Special ar of Global Agenda Seminar series.

        Time:      19F00-20F30
        Venue:    Academy Hills
    , Roppongi Hills Tower 49F
        Cost:       4,000 yen

    The panel will, in addition to Prof. Yoko Ishikura, consist of Mr. Aki Kubo, Representative Director of the Williams Lea Tag in Japan who has multiple clients for their communication services in North Asia and Mr. Matt Burney, Director of British Council of Japan and expert on the role of citizen-to-citizen diplomacy and soft power.

    Click link at right for more information and registration. You find also additional information on Prof. Ishikura's blog.
    Information from the EU Delegation to Japan
    Rules of Origin Questionnaire and
    Test Version of an Online Tool

    The European Commission is committed to ensure effective implementation of Free Trade Agreements (FTAs) concluded by the EU and to facilitate that EU economic operators, in particular SMEs, take advantage of EU FTAs.

    When the European Union concludes an FTA with a partner country, its exporters can benefit from reduced duty (or duty-free) treatment when exporting to that country. In order to qualify for this preferential treatment, the product must meet the rules of origin criteria set by that FTA.

    The European Commission is assessing the feasibility of creating an online tool that could guide the economic operators to better understand the criteria that need to be met in order to benefit from preferential tariff treatment. The test version of this tool is accompanied by a questionnaire to better understand the rules of origin related questions exporters face.

    The questionnaire and the test version of the online tool are accessible via the Market Access Database:
    News from Finland

    Espoo named "most intelligent community in the world"

    The international think-tank called Finland's southern city of Espoo "sustainable to the core."

    Following a year-long evaluation by the Intelligent Community Forum (ICF), Espoo, Finland was chosen as 2018's Intelligent Community of the Year. The announcement was made at a ceremony in London on Wednesday evening.

    ICF co-founder Lou Zacharilla said that it's unusual for a community to receive the honour the first time they enter the programme.

    "ICF is about process improvement over time. But Espoo's holistic philosophy of humanizing every aspect of its technology and teaching innovation as a way of life was extremely impressive. Espoo's citizen engagement rates are extremely high, which democracies need, and its economic output speaks for itself. The city is a hidden gem in Finland. Now they have been 'found out!'"

    Espoo took first place this year, according to the think-tank, is because of the technologies that have become a cornerstone of life and work in the city.

    The group applauded the city's education and technology sectors, its public broadband services as well as its public-private training programmes for the unemployed.

    ICF: Espoo is "sustainable to the core."
    Espoo is - and has been - home to many tech firms like Nokia, Microsoft and Rovio, and for years has had an active startup community which sparked others.

    "The term 'industrial city' usually describes a place where the needs of industry outweighs the needs of citizens for air they can breathe, water they can drink and a safe place to raise their children. Not so in Espoo. An international benchmark has named Espoo the most sustainable city in Europe," the think-tank stated in a press release issued Wednesday.

    This year marked the first time that a Nordic city has received the award since 2009, when it went to Stockholm, Sweden, and the first time it went to a European community since 2011 when the Dutch city of Eindhoven was named the winner.
    Grin of the Week

    The meaning of dreams...

    After she woke up, a woman told her husband, "I just dreamed that you gave me a pearl necklace for Valentine's day. What do you think it means?"

    "You'll know tonight." he said.

    That evening, the man came home with a package and gave it to his wife. Delighted, she opened it - to find a book entitled "The meaning of dreams"
    Have a good week &
    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 700 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, 18 individual and two special members.