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  ISSUE 33/2002

14 November, 2002  


Now we know it...
The Foreign Chambers Information Group's Business Confidence Survey released yesterday showed that the foreign affiliated companies do not foresee any improvement of the Japanese economy in the next 12 months.
But, the businesses are performing rather well, both sales and profitability have improved over the last six months, and according to the surveyed companies, expected to improve even further in the coming six monts.
And, 72 % of the companies are planning to expand their operations in Japan, only one of the 386 surveyed companies plan to withdraw from the market. Read more below.

FCIG Survey Luncheon Report

The Foreign Chambers Information Group (FCIG) organized a luncheon meeting on Wednesday 13 November at Capitol Tokyu Hotel to present the results of two recent surveys; The Business Confidence Survey and the FCIG & PricewaterhouseCoopers Compensation Survey.
The meeting was attended by 131 members from 10 chambers and 8 representatives for the press.
For more about the two surveys presented, plese select below:

Business Confidence Survey

FCIG & PricewaterhouseCoopers Compensation Survey
Order the Business Confidence Survey Report
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.

Get this valuable tool for your Human Resource planning and implementation. The 160+ page report is available as a pdf file on a CD. Price is 25,000 yen for chamber members and 50,000 yen for others.
Click link at right for a leaflet and order form.
Next Luncheon Meeting
Keijo Suila
Our next 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 this week, but if you would like to register already now, please click link at right.

Challenges to Growth & Investment in Japan: The EBC Perspective
Launch of the EBC Report on the Japanese Business Environment - 2002
A major concern of the Japanese government is promoting foreign direct investment into Japan in the face of the magnetic pull on investors from Japan's giant neighbour, China. The watchword of the new Koizumi government has been 'reform', but have the Koizumi reforms significantly changed the business and investment environment making it more attractive to European companies? Come to the launch of the EBC's Year 2002 report on the business and investment environment and hear what experts from the European Business Community in Japan (EBC) have to say about progress made by the Japanese government so far and the reforms still needed. Comments will also be made by His Excellency, Ambassador Bernhard Zepter, Head of the Delegation of the European Commission in Japan, and Mr. Richard Collasse, Chairperson of the EBC.

Date & Time:Friday, November 22, 12:00-14:00
Place: Keidanren Kaikan , Diamond Room, 12F
Cost:10,000 yen (collected at the door)
Fee includes lunch, one copy of each of the English and Japanese reports
Registration:by Monday, 18 November

For more information and registration form, click link below.
News from Finland
Finland ranked second by World Economic Forum
Finland was ranked second after the USA in World Economic Forum's (WEF) recent Global Competitiveness Report 2002.
The WEF ranked Taiwan third, followed by Singapore, Sweden, Switzerland, Australia, Canada, Norway, Denmark, UK, Iceland, Germany and Japan.

For a summary of the report, click here.
For Finland's Country Profile, click here.
Grin of the Week

This was almost disqualified for "dirtyness", but hope you could bear with it...
A psychiatrist was conducting a group therapy session with four young mothers and their small children.
"You all have obsessions," he observed.
To the first mother, he said, "You are obsessed with eating. You've even named your daughter Candy."
He turned to the second Mom. "Your obsession is money. Again, it manifests itself in your child's name, Penny."
To the third Mom. "Your obsession is alcohol, because you gave your child the name, Brandy."
At this point, the fourth mother got up, took her little boy by the hand and whispered, "Come on, Dick, let's go."

I did not have any promotion for the Scandinavian Christmas Party in this bulletin, because the event is almost fully booked. But if you still would like to join, please contact me. There's a few seats left.

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.