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  ISSUE 9/2006

17 April 2006  


The disappointments of the World Cup in ice hockey are long forgotten now...

At least for FCCJ members who play golf. At the Stora Enso Cup last Friday, the FCCJ team beat the SCCJ team for the second time in a row. OK, SCCJ still have 6 wins against our 3, but we are catching up and main thing is of course that we enjoy a good time together in the nature.
Read more about the cup below.

On perhaps a more serious note; the Spring 2006 edition of the Foreign Chambers Business Confidence Survey started today. With the upbeat mood in the Japanese economy, we also expect some interesting, and positive results reported from the foreign affiliated companies.

Earlier today I sent out a survey notice to our foreign affiliated members. If you have not received the notice, or lost it, please MAIL me.

Report from the FCCJ Annual General Assembly

The seventh FCCJ Annual general Assembly was held on Wednesday 5 April at the Embassy of Finland attended by 47 members and guests.

At the meeting, the board gave reports from fiscal year 2005 and presented the activity plan and budget for fiscal year 2006. Four new board members where elected, Veli-Matti Lahti, NetHawk (Japan) Inc., Kalevi Lehikoinen, TeliaSonera Japan Representative Office, Seppo Rantanen, Siemens Financial Services K.K. and Hiroaki Sugawara, Finn Corporation.

After the meeting, the participants could enjoy Finnish style food and drinks at the reception hosted by Ambassador Jorma Julin.

For more about the general assembly and many images, click link below.
Report from Stora Enso Cup - the Sweden-Finland Golf Challenge
The ninth Stora Enso Cup - the Golf Challenge between the Swedish Chamber of Commerce in Japan (SCCJ) and FCCJ - was played in fairly warm and sunny weather on Friday 14 April at the fine course at Windsor Park Golf & Country Club near Mito in Ibaraki prefecture.

This time 31 players participated in the event. After previously having lost five times in a row, the FCCJ now took its second consecutive win and beat the Swedish team, even though the competition was tight, the FCCJ team scored 79 and the SCCJ team 80 strokes (counted on the average of best 80% in the team).

Pictured above FCCJ team captain Hirokuni Yoshida (Outokumpu K.K.) holds the trophy with a pleased Stora Enso Japan President Tuomo Kuuppo watching.

For more about the event, many images and results, click link below.
Tue. 16 May - FCCJ Club Evening and Wine Tasting

Our next Club Evening on Tuesday 16 May will be held at a different location because we are combining it with a wine tasting!

This event is organized in cooperation with Eric Dahler of Alcotrade Trust Inc. who will bring a variety of wines for tasting. If you find wines to your taste, and budget, you could make orders at favorable prices on the spot for delivery to your home or office.

Date & Time:Tuesday, 16 May, 19:00 -21:00
Place: La Brasserie de l'institut Franco-Japonais, Ichigaya [MAP]
Cost:4,000 yen (members); 4,500 yen (non-members)
Registration:by Friday, 12 May

Note that the fee is for dinner only, the wine tasting is provided for free, but naturally Mr. Dahler expects some business...
Therefore we hope that those who will attend would also, although no obligation, seriously consider purchasing some wine. When you register you could also mention which kinds of wines you are interested in; red/white; French/Italian/Spanish/Californian/New World/etc. and price range; i.e. less than 1,000 yen, 1-2,000 yen, over 2,000 yen.

If you would like to attend, please click link below.
SCCIJ Dinner Event with Mr. Stephen Church
Thu 20 April - "Heisei Reform and the Japanese Financial Economy"

This seminar presentation will review the Heisei Reform programme (1985 - 2020) by placing it in the context of Japanese economic history, bureaucrat behaviour and the immediate drivers. After briefly summarising the four key reforms and their complex mutual relationships, the significant impacts for the financial economy will be reviewed. Summary tables will be distributed to all participants. The intention is to give an overview of the current reform of the financial economy public and private: both where we are and where we are likely to go. There will be adequate time provided for a Q&A session.


Date & Time:Friday, 21 April, 18:30-21:00
Place: Capitol Tokyu Hotel, Kyoto Room
Cost:8,000 yen
Registration:by 17 April

Having worked in the financial industry in Japan for the last 27 years, Stephen Church is currently the Principal of Analytica Japan, a management consultancy that specialises in Japanese financial research in the areas of long-term financial policy, regulation and behaviour. Mr Church graduated from Waseda University in 1979 and began his career at Yamaichi Securities in the Research Department and was subsequently in the M&A Department. Since then he has been involved in corporate research both at Wood Mackenzie and UBS Securities as well as in private banking at UBS and Lazard before launching Analytica Japan in 1997.

For more information and registration form, click link below.
Fri. 21 April - Lecture by the President of the European Commission, Mr. J. M.Barroso

The Delegation of the European Commission to Japan and Japan Institute for Social and Economic Affairs (Keizai Koho Center) invite you to a speech by President of the European Commission, Mr. J. M.Barroso. The theme of his presentation will be: "The EU and Japan: a Mature Relationship with Untapped Potential"


Date & Time:Friday, 21 April, 17:00-18:30
Place: Tokyo Chamber of Commerce and Industry
(International Conference Hall)
Main Conference Room 4F
Registration:by 20 April

The EU is one of Japan's key trading and investment partners. Political ties between the EU and Japan are also on the increase. The Delegation together with the Keizai Koho Center will organize an occasion for European Commission President Mr. Barroso to speak about the EU's economic policy as well as on the economic and political relationship with Japan.

For more information, registration form and a map, click link below.
Tue. 25 April - Seminar on the Japanese Economy at the MFJ: "Changing Japan's National Innovation System and its Policy Implications"

Kazuyuki Motohashi, The University of Tokyo (RCAST)

Japan's innovation system is often characterized as one dominated by in-house R&D by large firms. However, recently, more and more firms are involved in R&D collaborations due to the vigorous international innovation competitions and the increasing complexity of R&D. In this presentation, its economic analysis based on RIETI's R&D External Collaboration Survey will be presented.


Date & Time:Tuesday, 25 April 25, 12:30-14:00
Place: Maison Franco Japonaise, Nichi-Futsu Kaikan, Ebisu, Tokyo

K. Motohashi is associate professor at the RCAST (University of Tokyo), and Faculty Fellow at RIETI. Before joining the RCAST, he has been bureaucrat at MITI and at OECD (Directorate for Science, Technology and Industry). A complete profile (with downloadable articles) is available at here.

For more information, registration form and a map, click link below.
Joint Chamber Breakfast organized by the CCCJ
Mon. 15 May - Ethics in Business:
The Battle Between Conscience and Greed

Enron, WorldCom and now Livedoor--names synonymous with failures in corporate governance. These and other recent high-profile cases have highlighted abuses of power by people in positions of trust. How did this happen? Why did these trusted individuals behave in ways that appear so unethical?


Date & Time:Monday, 15 May , 8:00-09:30
Place: City Club of Tokyo MAP
Cost:3,500 yen (members); 4,500 yen (non-members)
Registration:by Wednesday, 10 May

Drs. Ned C. Hill and W. Steve Albrecht (Marriott School of Management, Brigham Young University) will look at what went wrong in several real-life cases where greed has overcome conscience. They will explain how such abuses were able to happen and what drove trusted executives to make such questionable decisions. They will examine the legislative reaction in the U.S. and outline what more needs to be done to remove the pressure and opportunity to commit fraud and to promote ethical conduct among senior executives.

If you are interested in this event, please click below to register.
News from Finland

Finnish PM to make official visit to China

Matti Vanhanen (centre), the Finnish prime minister, is to make an official visit to China on 25-28 April, the Finnish government said in a statement Thursday.

Talks with Prime Minister Wen Jiabao will focus on bilateral relations, including economic and commercial cooperation, as well as on regional and international issues.

Mr Vanhanen will be accompanied by Tuula Haatainen (soc dem), the social affairs and health minister. An occupational safety agreement between the two countries is to be signed during the visit.

A Finnish business delegation will travel with the ministers.

Grin of the week

Cause for celebration?

A man and his wife are dining at a table in a plush restaurant, and the husband keeps staring at an old drunken lady swigging her gin as she sits alone at a nearby table, until the wife asks;

"Do you know her?"

"Yes," sighs the husband, "She's my ex-wife. She took to drinking right after we divorced seven years ago, and I hear she hasn't been sober since."

"My God!" says the wife, "Who would think a person could go on celebrating that long?"

Have a nice week!

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 600 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, 16 individual and one special member.