* * * * * * * * * T E R R I E 'S T A K E * * * * * * *<br>A weekly roundup of news & information from Terrie Lloyd.<br>(<a href="http://www.terrie.com">http://www.terrie.com</a>)<br><br>General Edition Sunday, August 26, 2012, Issue No. 675<br>
<br>+++ INDEX<br><br>- What's New -- What Happens if Mt. Fuji Erupts?<br>- News -- NTT to start discount power service<br>- Upcoming Events<br>- Corrections/Feedback<br>- Travel Picks -- Camping in Okinawa; chocolate in Tokyo<br>
- Japan Business Q&A -- Shutting Down a Company<br>- News Credits<br><br>SUBSCRIBE to, UNSUBSCRIBE from Terrie's Take at:<br><a href="http://mailman.japaninc.com/mailman/listinfo/terrie">http://mailman.japaninc.com/mailman/listinfo/terrie</a><br>
<br>BACK ISSUES<br><a href="http://www.japaninc.com/terries_take">http://www.japaninc.com/terries_take</a>, or,<br><a href="http://mailman.japaninc.com/pipermail/terrie/">http://mailman.japaninc.com/pipermail/terrie/</a><br>
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<br>----------- PBXL is BUSINESS COMMUNICATIONS --------------<br><br>+++ WHAT'S NEW<br><br>It's nearly the end of August and nearly the end of the <br>official climbing season for Mt. Fuji. In fact you can <br>climb in September and later, but it's discouraged for <br>
safety reasons. Climbing Mt. Fuji is one of the iconic <br>activities for foreigners living in Japan and we will be <br>making the pilgrimage to the top of its 3,776.24m summit on<br>Monday night. Why now? Well after the earthquake of last <br>
year, we became a little more aware of the fact that Mt. <br>Fuji itself is overdue for an eruption, and if it does <br>blow, then we want to see the top of it before it isn't <br>possible to go there for a while...<br>
<br>Concern about Mt. Fuji erupting has been going on for time <br>immemorial, with good reason, because it is an active <br>volcano and in the last 2,200 years it has erupted at least<br>75 times. Most recent was the Hoei Eruption of 1707, when <br>
when Fuji was active for several weeks, spewing out an <br>estimated 800m cubic meters of ash. This caused the sky to <br>turn dark during the daytime, and deposited up to 10cm of <br>ash in Yokohama and 5cm in Tokyo, 112km away. Nearer to the<br>
volcano, about 20,000 people were killed by inhalation, <br>burns, and landslides/floods of ash and water.<br><br>Much like earthquakes, predicting the activity of sometimes<br>dormant volcanoes is a black art. Mt. Fuji is one of the <br>
world's most carefully monitored mountains, and is <br>crisscrossed by sensors of all types to tell scientists <br>what is going on inside it. Just after the 3/11 earthquake <br>last year, Fuji apparently "swelled" by several <br>
centimeters, prompting fears that the Tohoku quake might <br>serve as an eruption trigger, as the Hoei quake back in <br>1707 did. However, more recently the mountain is relatively<br>quiet and there are no obvious signs of concern.<br>
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<br>---------- YOUR BOTTOM LINE IS OUR TOP PRIORITY------------<br><br><br>[...Article continues]<br><br>Of course there are always anomalies, and earlier this year<br>there was some media excitement over a 34km fault found to <br>
run directly under the mountain, along with the appearance <br>of new natural gas vents at the Self Defense Force training<br>grounds at the base of the mountain, as well as fumarole <br>emissions from the southwest of the main crater. To help <br>
things along, a retired professor from Ryukyu University <br>said that the risk of an eruption of Mt. Fuji in the next <br>three years was higher than previously thought, primarily <br>because of the discovery of the fault.<br>
<br>If there was an eruption, what would its effects be? In <br>terms of immediate physical danger, those living within <br>10km-15km of the eruption site would have plenty to worry <br>about and would need to be urgently evacuated. They would <br>
be at risk from flying projectiles, lava, ash, gases, and <br>all the other things you can see in 3D at your local movie <br>theater. The towns and cities most at risk would be: <br>Gotemba, Hakone, Fujinomiya, and Fujiyoshida. These <br>
cities/towns have populations of 88,896 (Gotemba), 13,492 <br>(Hakone), 121,515 (Fujinomiya), and 52,000 (Fujiyoshida) <br>respectively, enough people to cause confusion and mayhem <br>if the expected two weeks seismic warnings that geologists <br>
are saying we will get from Mt. Fuji's sensors, don't go <br>off as expected.<br><br>Of greater concern to the government and business sector is<br>the impact of an eruption on the nearby megapolis of Tokyo.<br>It seems that the main threats to Tokyo will relate to <br>
transport infrastructure and health. Projectiles and lava <br>are not expected to reach the outskirts of greater Tokyo <br>(which would be the southwest of Kanagawa-ken), even though<br>Fuji's lava apparently flows quite freely and quickly. The <br>
ash, though, would have the immediate effect of causing the<br>cancellation of many air flights, and if the winds were <br>blowing to the east, which they do much of the year, then <br>they may even cause the closure of Tokyo's two main <br>
airports. Memories of the Eyjafjallajokull eruption in <br>Iceland are short, and that volcano was responsible for the<br>forced closure of more than 100 airports in 28 countries, <br>and caused over US$17bn in economic losses just in the <br>
airline industry itself.<br><br>The government reckons that they may have to close up to <br>14,600km of roads, cancel 500+ air flights a day, and help <br>up to 1m households deal with power outages for anywhere <br>from a day to several weeks. Economic damage estimates in <br>
government simulations done in 2004 run to JPY2.7trn. This <br>compares to the Tohoku disaster which came with a <br>JPY16.9trn bill of damages -- although as the OECD stats <br>people pointed out later, the overall net losses for Tohoku<br>
were around JPY5trn. Given that Tohoku only accounts for <br>about 4% of Japan's GDP while Mt. Fuji lies right next to <br>the main transport corridor between the capital Tokyo and <br>the cities of Nagoya and Osaka, our guess is that the <br>
government is substantially underestimating the financial <br>impact of Mt. Fuji blowing.<br><br>If it's of any consolation, there doesn't seem to be any <br>specific short-term health impact for people living further<br>
than 10km from an active volcano, unless the ash is high in<br>silica. Various studies have been done on the effects of <br>volcanic eruptions on nearby residents, such as one in 1985<br>by Japanese scientists for residents within 10km of the <br>
Sakurajima volcano in Kagoshima. Although there was a <br>relatively high occurrence of Silica Oxide in airborne ash, <br>the researchers were unable to find any major connection to<br>respiratory diseases in those residents (Sakurajima is one <br>
of Japan's most active volcanoes). Instead, it seems that <br>most physical effects are going to be sore eyes, temporary <br>asthma, minor skin infections, and of course lots of <br>emotional distress.<br><br>Where an eruption will cause damage to Tokyo is in its <br>
civic infrastructure. The ash is abrasive and will increase<br>wear and tear of all waterworks pumps and valves, moving <br>parts in the capital's rail systems, air filters in <br>buildings, autos, and machinery, and degradation of cell <br>
phone and other high-frequency communications networks. <br>Driving visibility will also be substantially reduced and <br>roads will be slippery and dangerous. Tokyo's couple of <br>days of snow a year and the chaos that ensues just goes to <br>
prove that the city will not be prepared for weeks of fine <br>ash landing on its roads.<br><br>So there you have it. A Mt. Fuji eruption will likely be <br>spectacular, but unless you're actually hiking on the <br>mountain or living nearby, it won't be fatal or even <br>
particularly dangerous. <br><br>How spectacular? Take a look at this amazing photo snapped <br>of Sakurajima down in Kyushu -- looks like it came straight<br>out of a movie special effects lab at Weta Studios...<br><br><a href="http://bit.ly/U3dUxl">http://bit.ly/U3dUxl</a><br>
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<br>+++ NEWS<br><br>- Citizen signals possible Swiss acquisition<br>- Wynn/Okada epic battle back in the news<br>- Mount Sakurajima to be more active than usual<br>- NTT to start discount power service<br>- Japan's second half car sales look grim<br>
<br><br><br>=> Citizen signals possible Swiss acquisition<br><br>Citizen Holdings has said that the company is in the market<br>to buy a major Swiss watch brand, without specifying who. <br>President Toshio Tokura said that the company would be <br>
prepared to spend some billions of yen on an acquisition <br>planned sometime in the next 3 years. If it happens, the <br>acquisition will be the second of a major Swiss maker by <br>Citizen, after the company bought Prothor Holdings earlier <br>
this year for US$70m. ***Ed: We question the wisdom of <br>pre-announcing an acquisition, especially if it might happen<br>in the "next 3 years". Either Citizen is highly confident <br>it will go through, or they have another reason for saying <br>
it -- maybe a smoke screen? But for what?** (Source: TT <br>commentary from <a href="http://japantimes.co.jp">japantimes.co.jp</a>, Aug 25, 2012)<br><br><a href="http://www.japantimes.co.jp/text/nb20120825a4.html">http://www.japantimes.co.jp/text/nb20120825a4.html</a><br>
<br>=> Wynn/Okada epic battle back in the news<br><br>After stiffing pachinko tycoon Kazuo Okada out of US$200m <br>by forcing the sale of 20% of Okada's shares in Wynn <br>Resorts, founder Steve Wynn is finding out that the <br>
Japanese businessman won't go away quietly. Okada is now <br>perusing Wynn in court in Las Vegas, trying to get Wynn <br>Resorts to reveal accounting records concerning <br>expenditures by the company in its acquisition of a gaming <br>
licence in Macau. Okada appears to be trying to find <br>evidence that the very behavior Wynn Resorts claimed was <br>sufficient basis to force Okada out of the company (paying <br>kickbacks) last year may in fact have been the very same <br>
behavior that Wynn also engaged in some years earlier. <br>***Ed: A case of what's good for the goose is good for the <br>gander. Gambling is a murky world and both men deserve each<br>other's "attentions" as far as we can see.** (Source: TT <br>
commentary from <a href="http://lvrj.com">lvrj.com</a>, Aug 24, 2012)<br><br><a href="http://bit.ly/Oe3gjg">bit.ly/Oe3gjg</a><br><br>=> Mount Sakurajima to be more active than usual<br><br>Researchers at the Sakurajima Volcano Research Center (part<br>
of Kyoto University) are predicting that the Kyushu volcano<br>will produce up to four times more ash than last year, <br>which was itself a record year for eruptions by that <br>particular mountain. The researchers say that the supply of<br>
magma to the volcano is increasing, swelling the <br>surrounding ground and indicating major releases coming up.<br>***Ed: One can only wonder if the renewed vigor of <br>Sakurajima is caused by structural realignments from the <br>
Tohoku earthquake last year. Further, if Kyushu is being <br>affected, what about a similar possible magma buildup under<br>Mt. Fuji, 850km to the north?** (Source: TT commentary from<br><a href="http://e.nikkei.com">e.nikkei.com</a>, Aug 15, 2012)<br>
<br><a href="http://e.nikkei.com/e/ac/TNKS/Nni20120815D15JF250.htm">http://e.nikkei.com/e/ac/TNKS/Nni20120815D15JF250.htm</a><br><br>=> NTT to start discount power service<br><br>When one corporate titan has an accident, others are always<br>
waiting in the wings to pick up the pieces. Telephone <br>behemoth NTT has just announced that it is introducing <br>power regulation and pricing services for condominium <br>owners, so that residents can pick and choose when to <br>
consume power and the prices that they will pay for doing <br>so. NTT reckons that using its intelligent metering and <br>control system, consumers can reduce their power bills by <br>as much as 20%. ***Ed: Next step is for NTT to start <br>
providing its own alternative power sources (wind, solar) <br>feeding the condos they have contracts with.** (Source: TT <br>commentary from <a href="http://e.nikkei.com">e.nikkei.com</a>, Aug 26, 2012)<br><br><a href="http://e.nikkei.com/e/ac/tnks/Nni20120825D25JFF03.htm">http://e.nikkei.com/e/ac/tnks/Nni20120825D25JFF03.htm</a><br>
<br>=> Japan's second half car sales look grim<br><br>An eco subsidy for new autos introduced in December of last<br>year has kept Japan's car sales levels rather healthy, with<br>sales in the sector growing 53% in just 7 months. However, <br>
the subsidies are about to run out and auto makers are <br>predicting that sales will plummet by as much as 20% as a <br>result. Toyota did particularly well out of the subsidy <br>program, selling 215,028 Prius autos from January through <br>
to July, double its sales of the same period a year <br>earlier. As a result, Japan-based sales accounted for 27% <br>of Toyota's First Half revenues, far beyond the <br>contribution the Japan market has been making recently. <br>
(Source: TT commentary from <a href="http://bloomberg.net">bloomberg.net</a>, Aug 20, 2012)<br><br><a href="http://bloom.bg/PkF7s0">http://bloom.bg/PkF7s0</a><br><br><br><br>NOTE: Broken links<br>Many online news sources remove their articles after just a<br>
few days of posting them, thus breaking our links -- we<br>apologize for the inconvenience.<br><br>***------------------------****-------------------------***<br><br>----- ACCJ Journal - Connect to CEOs of MNEs in Japan -----<br>
<br>Looking to reach out to key decision makers in Japan? With <br>our English & Japanese language ACCJ Journals, we have an <br>open line to CxOs of major American & Japanese companies in<br>Japan.<br><br>For the month of July and to celebrate Independence Day, we<br>
are offering companies a 60% discount on any advertising<br>product in the ACCJ Journal if payment is settled by August<br>31st!<br><br>We are eager to support your strategic communications and<br>hope to hear from you soon. For more details, please <br>
contact us in English or Japanese at 03-4550-2926 or email <br><a href="mailto:sales@accjjournal.com">sales@accjjournal.com</a>.<br>-----------------------------------------------------------<br><br>+++ CANDIDATE ROUND UP/VACANCIES<br>
<br>=> BiOS, a Division of the LINC Media group, is actively<br>marketing the following positions for customers setting up<br>or expanding in Japan, as well as other employers of<br>bilinguals.<br><br>** HIGHLIGHTED POSITION<br>
<br>BiOS is urgently looking for a Desktop Engineer to work at <br>our client’s office in the Tokyo area. The candidate will <br>provide Level 2 technical support to users in Japan. In <br>addition, the candidate will be responsible for installing <br>
PC images and other software, troubleshooting, managing IT <br>assets, supporting and maintaining the back-up library, <br>managing incident requests, creating documents, and <br>assisting with office migration projects.<br>
<br>Due to the technical nature and demanding work environment,<br>this position is suitable for someone with 2 years of <br>helpdesk or user support experience. In addition, since <br>this role requires direct coordination with both regional <br>
and global IT teams, Native Japanese and Business English <br>will be required.<br><br>Remuneration is JPY3.6M – JPY5.5M depending on your <br>experience and skill level.<br><br>** POSITIONS VACANT<br><br>- Data Center Engineer, intnl bank, JPY3.6M – JPY4.8M<br>
- Project Manager, intnl IT company, JPY5.4M - JPY7M<br>- IMAC Engr, international investment firm, JPY 4M – 4.8M<br>- Data Center Operator, DC service co., JPY3M – JPY3.6M<br>- Personal Assistant, investment firm, JPY3.6M – JPY5M<br>
<br>** BiOS Job Mail<br><br>Every 2 weeks BiOS sends out a regular communication to its<br>job seeking candidates, called BiOS Job Mail. Every edition<br>carries a list of BiOS's current and most up-to-date<br>vacancies, with each entry featuring a short job<br>
description and a direct link to the main entry on the BiOS<br>home page. Regardless of whether you are unemployed and<br>searching, thinking about a career change, or just curious<br>to know if there is something out there that might suit you<br>
better, the BiOS Job Mail newsletter is an easy and<br>convenient way for you to stay informed. If you would like<br>to register for the BiOS Job Mail, or to find out more,<br>please email <a href="mailto:toshisada.onishi@biosjp.com">toshisada.onishi@biosjp.com</a>.<br>
<br>Interested individuals may e-mail resumes to:<br><a href="mailto:toshisada.onishi@biosjp.com">toshisada.onishi@biosjp.com</a> and check out the BiOS web page<br>for other jobs: <a href="http://www.biosjp.com/careers.php">www.biosjp.com/careers.php</a><br>
-----------------------------------------------------------<br><br>***------------------------****-------------------------***<br><br>+++ UPCOMING EVENTS/ANNOUNCEMENTS<br><br>---------------- Start a Company in Japan -----------------<br>
<br>Entrepreneur's Handbook Seminar 29th of September, 2012<br><br>If you have been considering setting up your own company,<br>find out what it takes to make it successful. Terrie Lloyd,<br>founder of over 17 start-up companies in Japan, will be <br>
giving an English-language seminar and Q&A on starting up <br>a company in Japan.<br><br>This is an ideal opportunity to find out what is involved,<br>and to ask specific questions that are not normally <br>answered in business books. All materials are in English <br>
and are Japan-focused.<br><br>For more details:<br><a href="http://www.japaninc.com/entrepreneur_handbook_seminar">http://www.japaninc.com/entrepreneur_handbook_seminar</a><br>-----------------------------------------------------------<br>
<br>----------- VC Start-up Event by TiE Tokyo ----------------<br><br>The Lean Startup is a business approach coined by Eric Ries<br>that aims to change the way that companies are built and <br>new products are launched. The Lean Startup relies on <br>
validated learning, scientific experimentation, and <br>iterative product releases to shorten product development <br>cycles, measure progress, and gain valuable customer <br>feedback. In this way, companies, especially startups, can <br>
design their products or services to meet the demands of <br>their customer base without requiring large amounts of <br>initial funding or expensive product launches.<br><br>500 startups has invested in 350+ companies worldwide.<br>
All of these companies are using the lean startup <br>methodology. TiE-Japan has invited George Kellerman, <br>Venture Partner in Dave McClure's 500 startups to present <br>the concepts of lean startup and how 500 funded companies <br>
are using these methods to gain traction in their <br>respective markets.<br><br>Date: Aug. 30 (Thu)<br>Time: 7pm<br>Place: Meeting Room on 10F of ITOCHU Building5-1,<br>Kita-Aoyama 2-chome, Minato-ku, Tokyo 107-8077, Japan<br>
<a href="http://www.itochu.co.jp/en/about/map/">http://www.itochu.co.jp/en/about/map/</a><br>(Please check in at the reception desk on the B1F of the<br>building and come directly to the meeting room on the <br>10th floor)<br>
<br>Please reply by e-mail by Aug. 29 if you are attending:<br><a href="mailto:yamada_on_behalf_of_tie_japan@dtwo-solutions.com">yamada_on_behalf_of_tie_japan@dtwo-solutions.com</a><br>-------------------------------------------------------------- <br>
<br>***------------------------****-------------------------***<br><br>+++ CORRECTIONS/FEEDBACK<br><br>In this section we run comments and corrections submitted<br>by readers. We encourage you to spot our mistakes and<br>
amplify our points, by email, to <a href="mailto:editors@terrie.com">editors@terrie.com</a>.<br><br>=> No comments this week.<br><br>***------------------------****-------------------------***<br><br>+++ TRAVEL DESTINATIONS PICKS<br>
<br>=> Island Camping in Zamami, Okinawa<br>Soaring cliffs and deserted beaches<br><br>As I awake the early morning sunlight bursts through the <br>trees overhead, my tent slowly getting warmer. I slip on <br>some sandals and wander the short distance through the <br>
trees to a secluded strip of white sand—Ama beach. My only <br>company is the early-bird kayakers getting ready to hit the<br>water before the heat of the day rises. A morning swim is <br>just the wake-up call I was hoping for, with water so clear<br>
that every stray rock or shell can be seen on the sandy <br>seabed. I do a double take as one of the aforementioned <br>rocks begins to move—just a couple of meters away a huge <br>sea turtle bobs gently in the water, basking in the sun, <br>
until spotting his unexpected visitor and swimming away. So<br>begins my first day on Zamami Island.<br><br>Just a short domestic flight from Tokyo, Zamami feels a <br>world away from the pace of life in the metropolis. Nobody <br>
on the island is in a hurry; schoolchildren and elderly <br>islanders greet visitors that are passing through.<br><br><a href="http://japantourist.jp/view/island-camping">http://japantourist.jp/view/island-camping</a><br>
<br> <br>=> 100% Chocolate Cafe, Kyobashi, Tokyo<br>Have your chocolate in style<br><br>Kyobashi is not a typical tourist destination in Tokyo, as <br>the neighboring Ginza, Marunouchi and Nihonbashi districts <br>offer much more, but a visit to the 100% Chocolate Café is <br>
well worth the trip. Located in the Meiji Company <br>Headquarters building, this dessert café is a beautifully <br>designed space dedicated to all things chocolate. The <br>interior, designed by the architectural firm Wonderwall, <br>
known for several Bathing Ape clothing stores and the <br>Uniqlo megastore in Ginza, is stylish and modern with a <br>ceiling resembling molded chocolate bars and a wall <br>showcasing 56 different varieties of chocolate that can be <br>
bought by the square. Small groups are more easily <br>accommodated as there are only counter style seats. The <br>atmosphere is relaxed and on a weekday morning, getting a <br>table was not difficult. <br><br>Chocoholics can find something here to suit their taste in <br>
any form. The menu is extensive, with various kinds of <br>chocolate cake, hot and cold chocolate drinks, frozen fresh<br>chocolate and the 56 different flavors of solid square <br>chocolate, including single-bean variants from around the <br>
world, fruit and herb varieties, and more. Among the more <br>interesting blends are the cheese, basil or black pepper. <br>There is also a daily chocolate rotating for the 365 days <br>of the year. <br><br><a href="http://japantourist.jp/view/100-chocolate-cafe-kyobashi">http://japantourist.jp/view/100-chocolate-cafe-kyobashi</a><br>
<br>***------------------------****-------------------------***<br><br>+++ JAPAN BUSINESS Q&A -- Shutting Down a Company<br><br>=> Question<br><br>What is involved in shutting down a company?<br>What paperwork has to be filed?<br>
<br>*** Answer<br><br>If a decision is made to shut your company down, it will be<br>necessary to follow certain procedures under Japanese<br>corporate law for dissolution and liquidation of a Japanese<br>stock company. The first step that is required is to have <br>
the company elect to dissolve itself, which should be passed<br>as a special resolution at a shareholders’ meeting. This <br>approval requires no less than two-thirds of the votes of <br>shareholders who are present at the shareholders’ meeting. <br>
Japanese corporate law further requires the presence of <br>shareholders who possess a majority share of votes of <br>shareholders entitled to exercise their votes at the <br>shareholders’ meeting. Following this election to <br>
dissolute, existing directors will no longer have<br>directorial capacity. Instead, they will be “former <br>directors”. Former directors will become the liquidators of <br>he company by default, unless stated otherwise in the <br>
company’s Articles of Incorporation or determined by a <br>resolution at the shareholders’ meeting. A company can have<br>one or more liquidators.<br><br>Necessary paperwork for dissolution:<br><br>- Minutes of the Shareholders’ Meeting (approving the <br>
company’s dissolution, fixing the date of dissolution, and <br>appointing a liquidator)<br>- Registration of Dissolution to be filed with the Legal <br>Affairs Bureau (within 2 weeks following the date of <br>dissolution)<br>
- Notification of Dissolution to be filed with the Tax <br>Office<br>- Submission of tax return for dissolution and due within <br>two months after the date of dissolution (one month <br>extension is possible with Application of Extension)<br>
- Tax payment due within two months after the date of <br>dissolution<br><br>To continue reading:<br><a href="http://www.nagamine-mishima.com/archives/3075?lang=en">http://www.nagamine-mishima.com/archives/3075?lang=en</a><br>
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