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  ISSUE 7/2002

19 FEBRUARY, 2002  


Last week I wrote about getting tired after too much skiing. Well, there was another reason for getting tired, I got the flu. Fortunately, my cure of "fruit juice only" (OK,OK, our President managed to squeeze in a couple of G&T:s ...) managed to drive it away in three days, so now I am back to normal. Although watching Olympics many late hours still makes me feel a bit tired. But that's self-inflicted....

Report from February Luncheon Meeting
A gift and a deep bow for the guest speaker.
The February luncheon meeting was held on Friday 15th at the Capitol Tokyu Hotel.
Our guest speaker was Mr. Makoto Sasagawa, General Manager, Sales & Marketing Department, Europe Division at Toyota, who gave an overview of the global automotive market, and Toyota's positions in different regions. Notable was, that even though Toyota's market share in the U.S. exceeds 10%, it is less that 4 % in Europe, altough it is the leading brand in some smaller markets there, like Finland, Norway and Iceland.
Finland is the second oldest market in Europe for Toyota, were it has been the best selling car since 1973, except for a few years in the 1990's.
The meeting was attended by 35 members and guests.
For more about the meeting, and photos, click link at right.

General Assembly 2001
Annual General Assembly
Date & Time:Tuesday, 19 March, 18.30 -21.00
Place: Embassy of Finland, Tokyo
Cost:Free one representative per member, others 7,000 yen
The General Assembly will be followed by a Buffet Dinner, sponsored in part by and

FCCJ Seminar:
Tax Issues for Expatriates - date confirmed
Date & Time:Mon. 4 March 18:00-20:00
Place: Nippon Finnpap Conference Room 7 Fl.
1-1-2, Moto-Akasaka, Minato-ku, Tokyo  MAP 
Cost:5,000 yen (incl. light meal)
To give you an insight in the Japanese taxation, and some valuable tips for your tax return, FCCJ organizes the second tax seminar were Mr. Yoshinori Sano, Certified Public Accountant, FCCJ member and well known among the Finnish business community, is our expert on these issues.
Preliminary content
  • Classification by resident status
  • Tax convention (treaty)
  • Non-taxable/taxable benefits
  • Deductions from income/tax table
  • Local inhabitant tax
  • Quasi-income tax return
  • Stock options
  • Q & A

  • The date has now been fixed as above. If you have alredy registered for that day, no need to re-register. But in case you have not yet enrolled, and want to participate, do so by clicking link at right, no later than Wed. 27 February.
    EBC Seminar:
    Corporate Tax Reform in Japan
    Date & Time:Wednesday, 27 February, 17:00-19:00
    Place: EU-Japan Centre
    Cost:2,000 yen
    The corporate tax regime in Japan is undergoing a period of fundamental change. Tax facilitated corporate reorganisations were introduced in FY2001, and a consolidated tax system will be retroactively be introduced for FY2002. How will these changes affect your business? What are the advantages and disadvantages of these reforms?
    Join experts from the EBC's Tax Committee in an open session exploring these issues. A Q&A session will form part of the event.
    For more about the seminar, and registration form, click link at right.

    Looking for a new office?
    An inspirational and fully furnished office with a Scandinavian atmosphere on Meiji dori near Ebisu station is immediately available.
  • 93 tsubo (306m2) designed and refurbished in April 2001
  • Swedish wooden IT access floor incl. LAN cables, server and switching hub.
  • Office furniture from IKEA, new indirect lights
  • New dial-in PHS telephone system
  • rent approx. 1.5M\/month incl. commons and parking
  • Attractive price for the complete interior
    For more information and a location map, click link at right.
    EBC Internal e-News Bulletin
    The European Business Community (EBC) has published its first e-News of 2002. It contains presentations of a number of activities organized by EBC, as well as matters related to the work of EBC.
    For full newsletter, click link at right.
    News from Finland
    Stora Enso No. 1?
    According to latest figures from Paperinfo, Stora Enso is rising to the world's largest paper and paperboard producer, past International Paper of U.S., who is cutting down its capacity.
    Stora Enso's capacity is 14.9 mill. tons, which is only 100,000 tons less than that of International Paper. Paperinfo's figures are from the turn of the year. Since then International Paper has informed that it will cut capacity at it's factory in New York by 90,000 tons at the end of January, so obviously the figures are now almost equal.
    International Paper's prodcution capacity was 16.5 mill. tons at its peak in 2000, when it acquired Champion International. Stora Enso on its part acquired Consolidated Paper in the same year.
    The third biggest producer is UPM-Kymmene with 11.6 mill. tons. Also UPM-Kymmene has expanded its capacity when it bought the German Haindl last year.
    Grin of the Week
    Chauvist jokes...
    Of course you know that I actually hate to quote these male jokes, knowing that I have many female readers, but these are sort of cute, so forgive me this time...

    How many men does it take to open a beer?
    None. It should be opened by the time she brings it.

    Why is a Laundromat a really bad place to pick up a woman?
    Because a woman who can't even afford a washing machine will probably never be able to support you.

    Why do women have smaller feet than men?
    It's one of those "evolutionary things" that allows them to stand closer to the kitchen sink.

    I married Miss Right. I just didn't know her first name was Always.

    Our last fight was my fault: My wife asked me "What's on the TV?"
    I said, "Dust!"

    Young Son: "Is it true, Dad, I heard that in some parts of Africa a man doesn't know his wife until he marries her?"
    Dad: That happens in every country, son.

    The most effective way to remember your wife's birthday is to forget it once.
  • Thanks to Kalevi R. in N.Y. for replenishing my stock of jokes...

    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 300 persons 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 74 corporate members.