If this bulletin does not open properly in your mail reader, open http://www.fcc.or.jp/email/2308.html in your browser. FCCJ E-mail bulletin: ISSUE 17 * AUGUST 23, 2001

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  ISSUE 17

23 August, 2001  


Seems like the directions of the typhoons are as difficult to predict as where the Japanese economy is heading.
The typhoon that was supposed to hit Tokyo yesterday, seems to have fooled the meteorologists completely.
But I assume that the economy would need a typhoon to clear up the skyes...

August Luncheon Meeting
This is the last reminder of our August Luncheon which will be held on Tuesday 28 August at 12:00 at Capitol Tokyu Hotel.
At the moment we have 32 prticipants registered. If you would like to join, and have not registered yet, please do so by tomorrow (Friday). This time the theme will be "The Finnish Log House Business in Japan", which has almost a 30 year tradition. The first Finnish log house were brought to Japan in 1973.
As speaker we have Marko Saarelainen, President, Honka Japan Inc.
Marko has done log house business in Japan for more than 10 years, and Honka since 1973, so they know about this business.

September Luncheon Meeting
Please note that the September meeting will be held on Friday 21st at 12:00 at Capitol Tokyu Hotel.
Our guest speaker will then be Sami Hilvo, First Secretary (Press & Culture) at the Embassy of Finland.
Tentatively we have agreed that Mr. Hilvo will give us an insight in a subject which should be of interest to all of us; "The Finland Image in Japan".

Scandinavian Christmas Party
It might sound a bit early to start talking about Christmas when we are still in August.
But it is never too early to put the date in your calendar for the big event of the year, the joint Scandinavian Chambers' Christmas Party.

It will be held on Friday 7th December starting from 19.00 at the same venue as last year, Royal Park Hotel in Hakozaki.
Due to the fact that last years party was overcrowded with 538 participants (of which 79 form FCCJ), we plan to limit the number of participants this year to max. 450, so when you get the invitation (early November), react quickly!

JMEC - Japan Market Entry Competition
Japan Market Entry Competition, commonly known as JMEC, is a management-training program and competition for young business people wherein participants get hands-on experience in developing real business plans for actual companies.
JMEC is sponsored by the FCCJ in partnership with nine other foreign chambers of commerce in Japan. JMEC is also supported by the Delegation of the European Commission in Japan.

The 8th JMEC program will commence on 20 October and applications are now invited from both participants and project clients.

JMEC Information Evening - September 18th, 2001 (Tue)
The evening will include a presentation on the JMEC program followed by a Q&A session with past participants and project clients. Light refreshments will be served.

Date & Time: Tuesday, September 18th (6:30 - 8:00pm)
Venue: Canadian Embassy, 4th Floor North
7-3-38 Akasaka, Minato-ku, Tokyo 107-8503
Nearest station: Aoyama 1-chome

Brochures and applications for the 8th JMEC Program will be available.
For reservation and further information, please contact Ikuko Collins, Program Director, via mail JMEC@twics.com or call: til Aug 31 at 03-3556-7991; from Sept 1st at 03-5562-1444

News from Finland
What Recession?
Finance Ministry chief Martti Hetemäki repeated his assertion this spring that Finland could well escape a recession 'Scot free'. Much, he told Kauppalehti, depends on the unemployment count. Whilst recent export figures are worrying, the sector only employs 15 % of the workforce. Nor did these firms dramatically expand capacity and payrolls during the late 90s boom. A fall in exports from a very high level will not have the same drag on the domestic market as in the early 90s, he says, whilst fundamentals such as current account surplus, low interest rates and corporate and domestic borrowing are sound.

Brokers Evli agree: the stock market and the economy can look to a year of growth. Evli expects US rate cuts to kick in soon, boosting shares over bonds next year, though bonds too will perform well. The casino is shut but long term, shares should gain 6-7 %, especially in basic industries. IT does seem to have shot its bolt and Evli doubts that such firms can double profits next year. Evli says the only risk could be a sharp fall in the dollar against the euro, which would hit European, and Finnish, exporters.

For more news, click link to the right.

Grin of the Week
Learn to speak Chinese?
This kind of "sounds like foreign language" jokes have been around forever, including Japanese versions, the Finns for sure remember this one; "kokosukunai"...
PLEASE, don't ask for a translation, I am too shy!

Here are some Chinese, new to me at least.
  • See me A.S.A.P. - Kum Hia Nao
  • You are not very bright - Yu So Dum
  • They have arrived - Hia Dei Kum
  • He's cleaning his automobile - Wa Shing Ka
  • Your price is too high - No Bai Dam Thing
  • I think you need a facelift - Chin Tu Fat
  • I bumped into a coffee table - Ai Bang Mai Ni
  • I am not guilty - Wai Hang Mi?

Look forward to see many of you again after the summer break on Tuesday!

Best regards

Clas G. Bystedt

If you have any comments, rumors, gossip or inside information,
send it to 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 280 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.