On 3 November, the EBC met with Céline Pajon, Research Fellow and Head of Japan Research at the French Institute of International Relations in Paris, an influential think tank in Europe. We talked about economic relations between Japan and Europe, non-tariff barrier issues on the Japanese market, the EBC Defence & Security committee’s priorities, the current geopolitical situation in Asia and about Ms. Pajon’s latest publication on “France’s Indo-Pacific strategy: From a balancing power to a constructive player”.
V. Moschetti and Celine Pajon, Research Fellow, Head of Japan Research at IFRI
On 7 November in Brussels, the EBC participated in the 25th annual EU-Japan Business Round Table. After the Handover of the BRT’s Recommendations to Věra Jourová, Vice President of the European Commission for Values and Transparency, Michael Mroczek, President of the EBC Board and co-Chair of Working Party 1 (Trade Relations; Investment & Regulatory Cooperation; Financial Services, Accounting & Taxation) presented its Report. After the four Working Party reports and the Joint Session with the EU & Japanese Authorities, four themed discussions took place on: Economic Security & Supply Chains, Green Transition, Standardisation & regulatory harmonisation, R&D and skills, and Digital & AI. The meeting ended with speeches by Ambassadors Yasushi Masaki and Jean-Eric Paquet. It was a wonderful opportunity to meet high-level participants.
Markus Beyrer, Director General of BusinessEurope, M. Mroczek, V. Moschetti
M. Mroczek, Yasushi Masaki, Ambassador of Japan to the European Union, V. Moschetti
Nobuhiro Endo, Executive Advisor at NEC Corporation, Vice Chair of Keidanren and Co Chair of the EU-Japan Business Round Table, M. Mroczek and V. Moschetti
M. Mroczek, Jean-Eric Paquet, Ambassador of the European Union to Japan, V. Moschetti
Finally, I would like to recommend a seminar introducing business opportunities in Osaka, with the objective to attract investment and companies in the region (15 November, in Tokyo). It will be co-hosted by Governor Yoshimura (Osaka Prefecture) and Governor Saito (Hyogo Prefecture). Please note that this seminar will be in Japanese only.
The EBC team is looking forward to hearing from you soon!
EBC Chief Operating Officer
What’s in the Media
The European Space Agency will hold a competition between firms to build a ship to deliver cargo to the International Space Station, in a potential first step towards independent missions carrying astronauts. The ESA’s 22 member states, whose space ministers were meeting at a two-day summit Monday and Tuesday in the Spanish city of Seville, also agreed to provide financial support for Europe’s long-delayed Ariane 6 rocket. (Japan Today)
Japan’s biggest business lobby, Keidanren, plans to urge major corporations to consider wage increases with “enthusiasm and determination stronger than this year,” a draft guideline for the annual wage negotiations showed Monday, signaling its intention to seek pay hikes of over 4 percent. (Kyodo News+)
The government and ruling parties have begun discussing how much to spend on an economic stimulus package, with current projections at ¥17 trillion. Prime Minister Fumio Kishida has vowed to implement the tax-cut-centered package in June next year. Kishida has already announced tax cuts of ¥40,000 per person, and the Cabinet aims to decide on the package as early as Thursday. (The Japan News)