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  ISSUE 20/2002

12 June, 2002  


Amazing... next week its already Mid-Summer and soon half of the year is gone. Did we have time to do anything useful or are the days just running by...?
This weeks bulletin comes a bit early, as there are a couple of events next week which might be of interest to the readers. There were also three events taking place next week listed in my last weeks bulletin. In case you want to check out those, click  HERE 

Now to this weeks matters...

June Luncheon Meeting
Pekka Hämäläinen
At this months meeting the theme will be about the World Cup and the future outlook for Finnish Football. Our guest speakers will be Pekka Hämäläinen, President and Teuvo Holopainen, General Secretary of the Football Association of Finland.
Date & Time:Thursday 27 June, 12:00-14:00
Place: Capitol Tokyu Hotel, Nikko Room (B1F)
Cost:7,000 yen
Registration:by Tuesday 25 June, click link at right.
Mr. Hämäläinen is a lawyer and has been the President of the Finnish Food and Drink Industries' Federation from 1991 until his retirement early this month. He has been President of the Football Federation since 1997.
He has played football in the Finnish first division, and his achievements include scoring twice directly from kick-off!

We have mailed invitations to our members, but in case you would like to register by email, click link at right.
EU-Japan Centre - JOHOGEN Seminar
Japan Outlook: Cyclical Boom & Structural Improvements
by Jesper Koll, Chief Economist, Merrill Lynch Japan
Japan is off to a good start in the 2002 race for global growth. Many indicators point to a strong cyclical pick-up. How long can the expansions last? What are the key obstacles and risks? Will politics get in the way and abort the recovery? Which industries will benefit? Why is China a blessing, not a threat to the Japan outlook?
Jesper Koll has been researching the Japanese economy since becoming a resident of Japan in 1986. Prior to joining Merrill Lynch in August 1999, he was a Managing Director of Tiger Management L.L.C. and before he was the chief economist and head of economic and market research for J.P.Morgan in Tokyo.
Date & Time:Wednesday, June 19, 14:00-16:00
Place: EU-Japan Centre, Conference room 4F < Map >
Registration:by Monday, 17 June
For more information and registration, click link at right,
ACCJ Luncheon Meeting
The U.S. Economy in an Era of Uncertainty:
- What Does It Mean for Global Business?
by U.S. Chamber of Commerce President Thomas J. Donohue
Is the U.S. recovery for real? What factors are pushing it forward, and how is uncertainty in the regulatory, trade, political, and national security arenas holding it back? What does this mean for Japan and the economies of Asia? In an increasingly locally centered business environment shaped by the events of 9/11 and the Enron implosion, how can global business survive and prosper?
Thomas J. Donohue is President and CEO of the world's largest business federation, the U.S. Chamber of Commerce, which represents three million companies and organizations.
Date & Time:Thursday, June 20, 12:00-14:00
Place: Tokyo American Club, 3F < Map>
Cost:5,000 yen
Registration:by Tuesday, 18 June
For more information and reply form, click link at right,
News from Finland
Nokia sees market share gains in second quarter
Nokia provided yesterday a scheduled mid-quarter update to the company's business outlook for the second quarter 2002.

Based on developments during April and May, the company sees second- quarter net sales declining by about 2-6% to about EUR 6.9-7.2 billion, compared with earlier guidance of 2-7% year-on-year growth. Sales of Nokia Mobile Phones in the second quarter are expected to grow 0-4% year on year instead of the previously stated 5-10%.

Nokia expects its market share for the second quarter to increase to the level of 38% during the quarter, with the company's year-on-year volume growth exceeding 10%. The company estimates overall mobile phone market volume to grow in the second quarter by about 5%, compared with 89 million in the first quarter.
Grin of the Week
You have to be fair and balanced, that's why I take a look at the world from a woman's perspective this time...
Men are like...
  • Tablemats. They only show up when there's food on the table.
  • Mascara. They usually run at the first sign of emotion.
  • Goverment bonds. They take so long to mature.
  • Copiers. Tou need them for reproduction, but that's about it.
  • Bank accounts. Without a lot of money, they don't generate interest.
  • Two of those applies to me, but I don't tell which...;)
    And, next time I could again take a joke more suited for my male audience, right?

    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.