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  ISSUE 21/2003

16 October, 2003  

Dear !*SALUTATION*! !*LAST_NAME*!,

The Autumn 2003 issue of the Foreign Chambers Business Confidence survey is now running. The first results indicates a significant improvement in sentiments on the Japanese economy. At this point I don't tell you more, the full results are available at the presentation luncheon on 7 November.

I have sent the survey notice to our foreign affiliated members on Tuesday, and hope that as many as possible would take part. The survey is very simple, and do not require more than 2-3 minutes to complete.
If you have not received the notice or lost the message, please mail me.

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:
"Finnish Wellbeing Center Project in Sendai"

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

About the Finnish Wellbeing Center
Finnish Wellbeing Center The purpose of the Finnish Wellbeing Center (FWBC) project is to introduce Finnish health care expertise into the Japanese system of care for the elderly, and at the same time to help the development of the industry/business in both Finland and Japan to serve the wellbeing of elderly people in the "Finnish" way, which emphasizes helping individuals to maintain an independent lifestyle through the use of advanced technology. The concept is formed by joined effort of Finpro, the Finnish Institute in Japan, Tekes, Stakes, Oulu region centre of expertise and 15 Finnish companies. Partners on the Japanese side are the City of Sendai, Tohoku Fukushi University, Tohoku Fukushi Corporation, and Development Bank of Japan.

If you would like to attend, please register by clicking link below.
StoraEnso Cup:
Sweden-Finland Golf Challenge

On 14 November we play the 4th Sweden-Finland Golf Challenge. This time the Swedish Chamber is the defender of the Stora Enso Cup, so we hope many FCCJ members will join this time to help us take back the cup!

Details:

Date & Time:Friday, 14 November (first tee-off 08.49)
Place: Narita High Tree, Chiba Pref.
Cost:ca 20,000 yen (incl. play fee, lunch and party fee)
Play format:Stroke play with HCP. Team score is calculated as average of the best 80% (net score) in each team
Registration:by Friday 7 November

To register, click link below and give also you handicap and/or 3 latest scores.
Scandinavian Christmas Party 2003

The preparations for the 11th Scandinavian Christmas Party, held on Friday 12 December at Royal Park Hotel, are in full swing. We promise to bring you again an enjoyable and exciting evening together with 450 friends from the other Scandinavian Chambers.

As mentioned in my last bulletin, we have decided to go online this year, which we hope will provide better information about the party, make registrations easier and give the sponsors more value for their contributions.

We will start accepting registrations on the web site from 4 November. Currently we are recruiting sponsors for the event. If you are interested to become a sponsor. please go to the web site by clicking link below. Although we have not opened the registration yet, the site provides also a lot of information for those who plan to attend the party.
BLCCJ luncheon featuring:
Tim Collins, Ripplewood Holdings:
     Foreign Direct Investment in Japan
Mr. Timothy Collins does not need any presentation: his managed fund Rippplewood Holdings LLC has made the headlines of the press worldwide when it acquires the troubled LTCB (Long Term Credit Bank) for 1 billion dollars in March 2000. Since then, several other famous acquisitions such as Seagaia Resort, Niles, Asahi Tec and more recently Japan Telecom, have propelled Mr. Collins reputation from "vulture man in Japan" to "miracle man for Japan" as quoted recently on the front page of the Fortune magazine.
Date & Time:Wednesday, 22 October, 12.00-14.00
Place: Hotel Okura
Cost:20,000 yen
Registration:a.s.a.p.

If you are intersted to participate in this event, click below for more information.

News from Finland

PM Vanhanen: Finland is active in the EU, not snappish

Finnish Prime minister Matti Vanhanen (centre) believes that Finland's policy on the European Union has already borne fruit and changed the direction of the intergovernmental conference (IGC).

Speaking to the parliament grand committee in Helsinki on Wednesday, Vanhanen rejected accusations that Finland had intentionally become a troublemaker in the EU and that it had thrown down the gauntlet in front of the large member states.

"We are not so very snappish. We have been very active lately and we have also worked on paper and approached those that share our views. But this activity has turned out to be very useful and it has made headway to the idea that matters are discussed," Vanhanen summed up Finland's goals before leaving for Brussels EU summit meeting, due to commence on Thursday.
Grin of the week

Restructuring

A company, feeling it was time for a shake-up, hires a new CEO who is determined to rid the company of all slackers. On a tour of the facilities, the CEO notices a guy leaning on a wall. The room is full of workers and he thinks this is his chance to show everyone he means business!

The CEO, walks up the guy and asks - "and how much money do you make a week?"
The young fellow looks at him and replies, "I make $200.00 a week. Why?"
The CEO then hands the guy $200 in cash and screams - "here's a week's pay, now GET OUT and don't come back!"

Feeling pretty good about his first firing, the CEO looks around the room and asks - "does anyone want to tell me what that slacker did here?"
With a sheepish grin, one of the other workers mutters - "Pizza delivery guy".

Last but not least.
FCCJ President Timo Varhama has again produced an excellent analysis of Japanese polictics. It's available on our web site, so click 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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ABOUT THIS BULLETIN
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.