EBC Newsletter – February 26, 2025

On 19 February, the EBC had the pleasure of hosting representatives from Chiba Prefecture for an insightful discussion on fostering foreign investment and business growth. Chiba Prefecture showcased its dynamic initiatives, including the expansion of Narita Airport, which aims to enhance both infrastructure and regional connectivity, creating new business opportunities. Additionally, the prefecture is emerging as a hub for cancer research, with a growing cluster that includes the University of Tokyo and leading private companies driving innovation in the field.
We look forward to further collaboration to strengthen ties and support investment in this vibrant region.

On 20 February, the EBC had the pleasure of attending this event, which opened with a welcoming speech by Norihiko Ishiguro, Chairman of JETRO, followed by keynote addresses from Masaki Ogushi, State Minister for METI, Takakazu Seto, State Minister for the Cabinet Office, and Julia Longbottom, UK Ambassador to Japan. A panel discussion featured a diverse group of participants, including both small and large companies, as well as domestic and foreign investors. Siemens Healthineers, an EBC member, took part in the discussion, sharing insights on Japan’s investment environment and the available support for potential investors. The event concluded with an informal networking reception, providing attendees with the opportunity to connect and exchange ideas.

On 21 February, the EBC participated in an investment promotion seminar hosted by Mie Prefecture. Governor Katsuyuki Ichime provided an overview of Mie’s economy, emphasizing its status as a premier manufacturing hub and its commitment to supporting foreign investment through government incentives. Seiichiro Inoue, Deputy Director-General for Policy Coordination at METI, outlined Japan’s broader economic strategies, highlighting Mie’s strategic location, skilled workforce, and advanced infrastructure as key advantages for foreign enterprises.
Following the presentations, attendees had the opportunity to network over a complimentary buffet featuring renowned local delicacies. This informal setting allowed participants to engage with government officials and business representatives, fostering potential collaborations and partnerships.

On 25 February, the EBC had the honor of attending the National Day Reception of the Republic of Lithuania, marking the 107th anniversary of the restoration of the Lithuanian state and the 35th anniversary of its reestablished independence. This year’s celebration also paid tribute to the Year of Artist Mikalojus Konstantinas Čiurlionis, a renowned Lithuanian composer and painter.
The event featured inspiring speeches by distinguished guests, including the EU Ambassador, the Ambassador of Lithuania, the Parliamentary Vice-Minister for Foreign Affairs of Japan, and the Parliamentary Vice-Minister of Defense. Following the formal addresses, the Embassy of Lithuania in Japan hosted an awards ceremony, recognizing notable contributions to Lithuania-Japan relations.
Guests were then treated to a captivating performance by the Čiurlionis Quartet, celebrating Lithuania’s rich cultural heritage. The evening concluded with a lively reception, offering an excellent opportunity to engage with the Lithuanian community, European diplomats, and Japanese officials, further strengthening the bonds between Lithuania, Japan, and the European business community.

The EBC Automotive Components Committee, in collaboration with AHK Japan, is hosting a session titled “Accelerate Sustainability: Harnessing Reusable Materials and Digital Innovation to Shift Gears Toward a Carbon-Neutral Future.” This event will take place on18 March 2025, from 16:45 to 19:30 at SAP Japan Co., Ltd., Mitsui Bussan Building, Tokyo. The session aims to explore strategies for advancing sustainability in the automotive sector, focusing on the integration of reusable materials and digital innovations to achieve carbon neutrality.

The event is open to AHK Japan and EBC members with a participation fee of 6,600 JPY, and for non-members: 8,800 JPY. Registrations are accepted on a first-come, first-served basis (deadline:10 March). Following the session, attendees are invited to a buffet dinner, providing an opportunity for networking and further discussion on sustainable practices in the automotive industry.
For more info and to sign up

Valerie Moschetti
EBC Chief Operating Officer

• In a competitive labor market, megabanks are banking on shifting from seniority-based salary systems and allowing employees more flexibility in transferring to attract new employees.  They have started a fundamental review of their longstanding wage and personnel systems. (The Asahi Shimbun)
• A headwind is blowing against Japan’s offshore wind power projects, which have been seen as a promising source of renewable energy for the island nation. Soaring material prices and construction costs have forced some companies to review their projects. (The Japan News)
• All Nippon Airways has launched new routes connecting three European cities with Tokyo’s Haneda Airport to tap demand for visitors to Japan as well as shipments of such high-value products as brand-name goods, pharmaceuticals and semiconductor devices. (Nikkei Asia)

If you are interested in joining a committee meeting, please contact the EBC to confirm the time and meeting place.