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  ISSUE 3/2009 30 January, 2009  

Dear !*TITLE*! !*LASTNAME*!,

At the Global Economic Forum in Davos, Corporate Knights Inc. and Innovest Strategic Value Advisors today announced the fifth annual Global 100 list of the most sustainable large corporations in the world. The Global 100 includes companies from 15 countries encompassing all sectors of the economy that were evaluated according to how effectively they manage environmental, social and governance risks and opportunities, relative to their industry peers.

The United States led the way with 20 Global 100 companies. The United Kingdom followed with 19 and Japan 15 companies. Rounding out the top five countries with the most constituents were France (eight) and Germany (seven), while Canada, Finland, and Sweden each registered five.

The Finnish companies on the list were Kesko, Neste, Nokia, Stora Enso and Wartsila. Notably, the only automotive companies on the list were Honda and Toyota and Swedish truck maker Scania.

If you are interested to find out more about the survey, CLICK HERE.

Report from the FCCJ Luncheon Meeting on Thursday 22 January

At the FCCJ luncheon meeting held on Thursday 22 January at Hotel Okura we had for a change a speaker from the political world, Mr. Dan Harada, President & Founder of the Nagatacho Forum, the Diet relations firm. Mr. Harada, who is a member of the Liberal Democratic Party (LDP) talked about the current political situation in Japan, especially in the light of the coming elections.

Mr. Harada presented a road map to the elections which showed that there seems to be only two windows for them to be held, either after the 2009 budget has passed the Diet, perhaps in April or May or then when the 4 year term of the current lower house ends on 10 September of soon theraefter. The absolutely latest possible date for the elections to be held, which is 18 October.

According to Mr. Harada, the outlook for the LDP in the elections is not very rosy, taking into account the low 19 % support for Aso's government.

For more about the event, attended by 22 members and guests, click link below.
Wednesday, 25 February - FCCJ Luncheon Meeting
H.E. Mr. Jorma Julin, Ambassador of Finland to Japan

Our next luncheon meeting will be held on Wednesday, 25 February, where we will have H.E. Mr. Jorma Julin, Ambassador of Finland to Japan as our speaker. Ambassador Julin will talk about the economic integration in Asia and how the current economic downturn might affect it.

During the last few years free trade and economic partnership agreements (FTAs, EPAs) have rapidly made headway in Asia. A great number of agreements are under negotiation. As the result of this development Japan and its competitors are gaining better market access and investment environment. For third countries this can mean new opportunities in Asia but also tougher competition.

Here are the details:

Date & Time:Wednesday, 25 February, 12.00-14:00
Venue: Hotel Okura, Hotel Okura, Kensington Terrace (South Wing 12F) MAP
Cost:7,000 yen for members, non-members 8,000 yen
(collected at the door)
Registration:by Monday, 23 February

Profile of Ambassador Julin
Mr Julin entered the Ministry for Foreign Affairs in 1971 and has held posts in the Finnish missions in Bonn and Teheran and the Permanent Delegation of Finland to the OECD in Paris. He has been the Finnish Ambassador to Seoul and from 2000 until 2005, Head of the Permanent Delegation to the OECD in Paris. At the Ministry for Foreign Affairs, he has served, among others, as Director and, from 1996 to 2000, as Director General of the Department for External Economic Relations.

He took up his position in Tokyo 1 September 2005.

If you would like to attend and have not yet registered, please click link at right.
Thursday, 12 February - Tokyo Investors Club Conference
Japan : Fast Opening or Slow Death

Tokyo Investors Club, in collaboration with CCIFJ (French Chamber), invites you to a conference "Japan: Fast Opening or Slow Death by Laurent Halmos" on Thursday, February 12th. Please see below for more information and contact CCIFJ directly for registration.

Date & Time:Thursday, 12 February, 18.00-19:30
Venue: Meiji Seimei Kan, 5F, Brussels Room MAP
Cost:5.000 yen (collected at the door)
Registration:by Monday, 9 February

About Laurent Halmos
A stock analyst, Mr. Halmos has been living and working in Japan since 1998.
He has worked successively for some of the biggest banks in Tokyo (UBS, Nikko Citigroup, CLSA...). He was ranked best Japanese small cap analyst by Institutional Investor in 2004 and ranked best stock-picker by Starmine in 2003-04. Mr. Halmos visits 300 Japanese listed companies per year, and has been doing so for the last 10 years. This gives him unique first-hand knowledge of the real situation inside Japanese companies.

Mr. Halmos will share with us his knowledge and experience of Japanese companies. He will mostly focus on the stock market and the economy.

Where will the yen go? Where will the Nikkei go? Can domestic demand pick up? Can the government act? Will Japanese market incredibly long 20 years of underformance end soon?

The conference will be followed by a light cocktail.

To register to this event: please send an e-mail to reservation@ccifj.or.jp with the following information: name, company name, phone and e-mail.

News from Finland

F-Secure bucks trend

Finnish anti-virus and computer security software maker F-Secure reported its final-quarter pretax profit rising to eight million euros from about 6.9 million euros in the year-ago period.

Sales rose to about 31 million euros from some 26 million euros in October-December 2007.

F-Secure's final quarter included a 0.8-million-euros divestment gain.

Said in the statement Kimmo Alkio, the chief executive of F-Secure: "We are pleased with our performance for both the fourth quarter and the year 2008 as a whole."

Grin of the week

A Finnish First in Tokyo

Three FCCJ members, pictured front to back, Esa Setälä, ViskoTeepak, Pertti Mero, Finnair Cargo and Mikko Koivistoinen, Metso Automation, have done something that has not been done before in Tokyo, at least not as far as we know.

Try to guess if they are:
  • Sweating from the toughening business climate?
  • Relaxing after running the Tokyo Marathon backwards?
  • Just had a swim after a 300 km ride on an H-D bike?
  • Enjoying an all night out at a male topless bar in Roppongi?

  • ...or... click here to find out!

    Best regards and have a nice weekend!

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


    This bulletin is published by the Finnish Chamber of Commerce in Japan (FCCJ) and distributed to over 650 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 68 corporate members, 15 individual and one special member.