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  ISSUE 3/2011 31 January, 2011  
Dear !*TITLE*! !*LASTNAME*!,

Coldest day so far this winter in Tokyo, but hope going into February will bring some warmer weather after an unusually cold January. Fortunately it has at least been sunny...

In this bulletin I announce the first luncheon meeting of the year. Our speaker then is the head of one of the major retailers in Japan, Mr. Tsutomu Okuda, Chairman and CEO of J. Front Retailing Co., Ltd.. Read more below!

Our Japan veteran in Finnish business on Aoyama dori has made a new contribution in his column, this time titled "China as No. 2 ", giving us some insights in what the consequences might be of China overtaking Japan as the second largest economy in the world.
Click banner at right for an interesting read!

Report from the FCCJ Club Evening at Moomin Bakery & Café

The first FCCJ event in 2011 was a networking club evening held on Tuesday 25 January at the Moomin Bakery & Café in Tokyo Dome City La Qua, Korakuen. This was the seventh time to have the club evening at this venue.

34 members and guests, out of them almost half of them newcomers, joined and got a taste of Finnish style delicious food, including fresh Finnish bread from their own bakery, drinks, including Finnish beer and mingle with old and new friends in a informal atmosphere with Moomins as interested spectators.

For more about the event, with many pictures, click link at right.

Thursday, 24 February - FCCJ Luncheon Meeting
Mr. Tsutomu Okuda, Chairman and CEO of J. Front Retailing Co., Ltd.

At our luncheon meeting on Thursday, 24 February we will have Mr. Tsutomu Okuda, Chairman and CEO of J. Front Retailing Co., Ltd., as our guest speaker. Mr. Okuda is also the Honorary Consul of Finland in Osaka.
The theme of Mr. Okuda's presentation is: "Japan's course of action to be learned from Finland".

Date & Time:Thursday, 24 February, 12.00-14:00
Venue: Hotel Okura, Mayfair Room (South Wing. 12F)  MAP
Cost:6,000 yen for members, non-members 8,000 yen
(collected at the door)
Registration:by Tuesday, 22 February
Mr. Okuda's Profile
Born: October 14, 1939 in Tsu, Gifu prefecture
April, 1964 Joined The Daimaru Inc.
Sep. 1991 Representative Director, Daimaru Australia Pty. Ltd.
May, 1995 Director, The Daimaru Inc.
May, 1996 Managing Director, The Daimaru Inc.
March, 1997 President, The Daimaru Inc.
May, 2003 Chairman and CEO, The Daimaru Inc.
Sep., 2007 President and CEO, J. FRONT RETAILING Co., Ltd.
    (to present)
Chairman, The Daimaru, Inc. (to present)

Mr. Okuda is also an Independent Director of Resona Holdings, Inc. since June 2006. He is also serving as and Director in Osaka Securities Exchange and Vice Chairman of the Kansai Economic Federation (Kankeiren). Mr. Okuda is also the Honorary Consul of Finland in Osaka.,

About J. Front Retailing Co., Ltd.,
J. Front Retailing fronts the retail operations of leading Japanese department stores The Daimaru and Matsuzakaya Holdings. The holding company was created by the merger of the two in 2007. The Daimaru, founded as a drapery shop in 1717, operates about 15 upscale shops in western Japan. Matsuzakaya, founded in 1611 as a kimono retailer, runs eight department stores in central Japan, including its flagship location in Nagoya. J. Front's Peacock Stores unit operates some 90 supermarkets in the Chubu, Kansai, and Tokyo districts of Japan. The company's other activities include construction, credit services, direct marketing, furniture making, restaurants, and wholesale textiles.

If you would like to attend and have not yet registered, click link at right!

Tuesday, 1 March - ICC Japan Seminar
ICC Arbitration in Asia : Progress and Potential

ICC Japan (International Chamber of Commerce, Japan) will be hosting an arbitration seminar which will be held at Gakushi Kaikan on Tuesday, March 1, 2011. For details, please refer to the attached invitaion and programme or contact the ICC Japan ( directly (please do not reply to the FCCJ).

For more information and registration from, click link at right:
News from Finland

Finnish consumer agency hints iPhone users entitled to refund

The Finnish Broadcasting Company (YLE) quoted the Consumer Agency as saying Friday that customers who bought an Apple iPhone and were not told about how it performed in cold weather might be entitled to a full refund.

Apple advise users not to operate the device in freezing conditions or risk shorter battery life or complete failure of the handset.

Earlier this month, insurer If accused Apple of pushing the compensation burden on to insurance companies, with reports that Apple have told customers that using the handset in typical Nordic winter temperatures will void the manufacturer's guarantee

Grin of the Week

Sweet Revenge

When asked for her occupation, a woman charged with a traffic violation said she was a schoolteacher. The judge rose from the bench. "Madam, I have waited years for a schoolteacher to appear before this court," he smiled with delight. "Now sit down at that table and write 'I will not pass through a red light' five hundred times."
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 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 62 corporate members, 16 individual and one special member.