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  ISSUE 14/2018 28 May 2018 
Dear !*TITLE*! !*LASTNAME*!,

This is the final reminder for the Joint Chamber Summer Cocktail on Thursday, 7 June at Roppongi Hills Club. If you would like to attend, register today!
More information below.

On a short notice we got information on a seminar regarding the "New EU Data Privacy Rules in the Global Context" held at Delegation of the European Union to Japan on Thursday, 31 May. If you are interested, click here for more information and registration.

The second FCCJ Fishing Tour on Sat. 23 June. We have just 6 slots left, better sign up soon. More information below!

This week we have a new contribution from our "Aoyama View" columnist, This time titled "Morals and responsibility, blind loyalty and power harassment ". Click banner for interesting views on morals in Japanese society and business, but also some global political issues!

One of the most popular joint chamber functions of the year, this party attracts more than 300 business people from different chambers, for an evening of great food, drink, fun and networking at Roppongi Hills Club!

This event is organized by the Canadian Chamber of Commerce in Japan with support from more than 10 other foreign Chambers in Tokyo. Joint chamber events are a fantastic opportunity for members and friends of participating chambers to make new contacts, and grow their networks

  Date & Time:Thursday, 7 June, 18.30-21:00
 Venue: Roppongi Hills Club, 51F, 6-10-1 Roppongi, Minato-ku [MAP]
  Cost:Members 8,500 yen, others 10,000 yen
  Registration:by Monday, 28 May

Food and Drink: Buffet meal with free-flowing beverages including wine, beer, soft drinks, and cocktails are available on cash bar.

To sign-up, please click link at right!
Saturday, 23 June - FCCJ Special Event

FCCJ is making its second fishing tour on Saturday, 23 June. Come and enjoy fishing in hopefully nice weather, a lot of fish and definitely in good company! We will be catching Aji (horse mackerel) and according to our expert you should catch many, tens....
We tour will start from Kurihama, behind Yokosuka.

Thanks to the support of MOS Tax Corporation, the fee for the tour is only 8,000 yen for FCCJ members. The fee includes the fishing, fishing rod, bait as well as lunch and drinks onboard.

The fishing company Kurihama Kurokawa Honke's web site is here.

To check out what it is all about, check here for a report from last year's tour.

We have 6 slots left of the 12 available, so sign up soon!
Non-members will only be accepted after registration dead-line if space is available.

Date & Time:Saturday, 23 June, 8.00-15:00
Port: Kurihama, Kanagawa Pref. [MAP]
Cost:Members 8,000 yen, others 12,000 yen (if space available)
Registration:by Wednesday, 20 June

The tour starts at 8:00 and you can go there by train, Keikyu line from Shinagawa at 6.37 arriving at Keikyu Kurihama at 7:36 (59 mins). From the station we can arrange transportation to the port, 7-8 mins. by car. Some will go by car so we can also do ride-sharing.
Note that the cost for transportation to/from Kurihama is not included in the fee.

To register, click link at right. Please note that we will invoice the fee in advance. Cancellations after 20 June and no-shows will be charged.
Monday, 18 June: EBC Event
EBC Tax Seminar
on corporate, income and inheritance taxation of foreign affiliated companies and foreigners working in Japan

The Japanese Tax Reform 2018 produced further alignment between the Japanese tax legislation and recent initiatives of the OECD under its program to combat Base Erosion and Profit Shifting. In addition, the OECD's Multilateral Instrument is now in process, and likely to be ratified by the Japanese government during this year. These developments will inevitably have a significant impact on the way in which companies plan and manage their tax policies and strategies whether in Japan or overseas.

On the individual front, the revisions of the Japanese Inheritance and Gift Tax have brought partial tax exemptions for many but not all foreign national long-term residents. The taxation of overseas rental losses has been picked up by the Japanese board of audit and may be subject to changes soon. Other issues of interest are capital gains on securities and, company car taxation and support of overseas dependents.

On June 18, EBC Tax Committee members from the tax profession and industry will introduce the tax impacts explain planning opportunities as well as common pitfalls, and discuss these issues in an exclusive Q&A session.

  • Hans-Peter Musahl, Partner, Ernst & Young Tax Co.
  • Duncan Adrain, Senior Manager, KPMG Tax Corporation
  • David Bickle, Partner, Deloitte Tohmatsu Tax Co.
  • Marcus Wong, Partner, PwC Tax Japan

  • Details:
      Date & Time:Monday, 18 June, 17.00-19:00
     Venue: The Delegation of the EU to Japan
    1F Europa House, 4-6-28 Minami-Azabu, Minato-ku, Tokyo [MAP]
      Fee:No charge
      Registration:by Thursday, 15 June

    For more information and registration, click link at right!
    Friday, 15 June - Swiss Chamber Luncheon
    Mr. Peter Fitzgerald, President of Google Japan G.K.

    The Swiss chember is pleased to invite members of other chambers to their June 15 Luncheon with Mr. Peter Fitzgerald, President of Google Japan G.K.. The topic of the speech will be "How Google sees the digital world shaping up in the future".

    When: Friday, 15 June, 12:00 - 14:00

    Where: The Peninsula Tokyo, The Grand Ballroom, 3F

    Cost: 6,500 yen for members, 7,000 yen non-members

    Registration: Friday, June 1

    Click link at right for more information and registration. If you are a FCCJ member, please note that when you sign up to get the member fee.
    News from Finland

    Finnair's CEO gears up for move to Metso

    Finnair chief executive Pekka Vauramo is leaving for a new post as CEO of engineering giant Metso after a successful five-year stint at the airline.

    Finnair CEO Pekka Vauramo will move to the same post at gearmaker Metso by November. The search for his replacement began on Monday. He has led the flag carrier since mid-2013.

    According to Metso chair Mikael Lilius, "Vauramo has a proven track record in leading businesses facing competitive global markets, and he has long and extensive experience in the mining industry and in an international business environment."

    The job at Metso represents a return to the engineering sector for Vauramo, who has previously worked for Sandvik and Cargotec.

    "I am familiar with Metso's operating environment thanks to my long background in the industry, and therefore I find the opportunity to start leading Metso an attractive one," says Vauramo.

    Metso hopes for a period of stability after the surprise departure of its last CEO, the Belgian Nico Delvaux, who defected to lock-maker Assa Abloy after less than a year in his post.

    Metso makes grinding mills and crushers for the mining industry as well as valves and pumps for the oil and gas sector. Metso and Finnair are both majority state-owned.
    Grin of the Week

    I know what you have been doing...

    To stop her 4-year old daughter from biting her nails, her mother tells her it'll make her fat. "I won't do it any more, Mom," says the daughter.

    Next day they are out walking when they meet a very fat man. "If I bite my fingernails, I'll be as fat as that, won't I Mom?" "You'll be fatter than that," says her mother.

    They get on a bus, and sitting opposite them is a very pregnant lady. The little girl can't take her eyes off the woman's belly. The pregnant lady feels increasingly uncomfortable under this stare, and finally leans forward and says to the little girl, "Excuse me, but do you know me?"

    And the little girl says, "No, but I know what you've been doing..."
    Have a good week &
    Best regards

    Clas G. Bystedt
    If you have any comments, rumors, gossip or inside information,
    send it to:

    This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 700 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 62 corporate members, 18 individual and two special members.