EBC Newsletter – July 17, 2020

EBC Newsletter – July 17, 2020


 

From the EBC

 

Dear Friends of the EBC,

The report of our survey on “The impact of the (re-)entry ban to Japan on European companies” is ready: 376 European companies from 16 European countries and Japan filled the questionnaire.

The key findings show that:

  • The (re-)entry ban to Japan impacts 85% of European companies;
  • 44% of European companies expect a loss of revenue solely due to the (re-)entry ban;
  • Among all activities, project development, governance and Human Resources are mostly affected;
  • 23% of the companies expect appropriate actions from the Government of Japan, such as compensation and tax relief.

For further details on the results, please read our report.

The EBC has finalised its annual document on the Japanese regulatory business environment. This year’s White Paper is called “Strengthening partnerships – in crisis and opportunity alike”. The opportunity is of course referring to the EU-Japan EPA that entered into force on 1 February 2019. Unfortunately, at the same time the COVID -19 crisis struck the world. We are, however, confident that with our recommendations, the European and Japanese economies and companies will continue to prosper.

Vicente Luna, an analyst of worldwide big data on location and mobility, shares a presentation on the demand for European cars in Japan as glimpsed from the demand for ten car Dealerships/Showrooms in Tokyo since January.

And on a positive note, he shows that luxury brands have gone up an extra 20% points since he last reported from Sendai.

We wish you a good reading and hope you stay positive and healthy during this difficult time.

Valerie Moschetti
EBC Chief Operating Officer

EBC Survey

 

Between June 30 and July 12, 2020, the European Business Council in Japan conducted a survey through the European National Chambers of Commerce, using a questionnaire created by the German Chamber.

376 European companies with headquarters based in 16 European countries and Japan responded..

For further details, please read our report.

The EBC 2020 White Paper has been published

 

The EBC has finalised its new report on the Japanese regulatory business environment. This year’s White Paper is called “Strengthening partnerships – in crisis and opportunity alike”. The opportunity is of course referring to the EU-Japan EPA that entered into force on February 1, 2019. Unfortunately, at the same time the COVID -19 crisis struck the world. We are, however, confident that with our recommendations, the European and Japanese economies and companies will continue to prosper.

The White Paper will be uploaded on the EBC homepage shortly and will also be used to advocate for those changes that European businesses in Japan would like to see.

For further information on the 2020 White Paper, please read this article in EuroBiz.

Driving around Waves or how COVID-19 is impacting specific sectors of the Japanese market: European Car Dealers

 

In previous issues of this newsletter, Vicente Luna, an analyst of worldwide big data on location and mobility, already shared with us presentations on how COVID-19 is impacting specific sectors of the Japanese and European markets. Today, he focuses on the demand for European cars in Japan as glimpsed from the demand for ten car Dealerships/Showrooms in Tokyo since January. And on a positive note, he shows that luxury brands have gone up an extra 20% points since he last reported from Sendai. You can access his presentation through this link.

Tokyo Financial Award”, organized by
the Tokyo Metropolitan Government

 

Since 2018, the Tokyo Metropolitan Government (TMG) has been hosting the “Tokyo Financial Award” : a prize awarded to financial institutions providing and developing innovative products and services that meet Tokyo citizens’ needs and challenges, and to financial institutions working to promote ESG investments.

For further information :
https://finaward.metro.tokyo.jp/en/citizen-needs/
https://finaward.metro.tokyo.jp/en/

What’s in the Media

  • Japan to launch travel campaign without Tokyo amid virus resurgence (Kyodo News+)
  • Europe’s shift to electric cars picks up despite recession (The Mainichi)
  • Japan’s economy to shrink 4.7% in 2020/21: BOJ (Japan Today)
  • Japan to digitize tax data management system (The Japan News)
  • Japan to let some foreign residents back into country in August (News on Japan)

Upcoming EBC Committee Meetings

Date Committee Time / Location
July 30 (Thursday) Human Resources EBC
09:00~
August 18 (Tuesday) Sustainability and Social Responsibility Off-site
08:30~
August 27 (Thursday) Medical Equipment & Diagnostics Committee Off-site
14:00~
August 28 (Friday) Automotive Components & Aftermarket EBC
16:00~
August 31 (Monday) Materials EBC
17:30~

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

European Business Council JAPAN
Sanbancho POULA Bldg. 2F, 6-7 Sanbancho, Chiyoda-ku, Tokyo 102-0075
102-0075東京都千代田区三番町6-7三番町POULAビル2F
TEL 03-3263-6222   |   FAX 03-3263-6223
www.ebc-jp.com/