March 2024 Event Highlights
View a collection of photos from the ACCJ’s March 2024 events.
ACCJ leaders and inspirational mentors Sarah Bader, Ginger Griggs, Elizabeth Handover, Deborah Hayden, Azusa Koike, Mari Matthews, and Catherine Ohura shared lessons on career-building and more at an event honoring International Women’s Day on March 13 event at Tokyo American Club.
The American Chamber of Commerce in Japan hosted a wide variety of events in March. Among these were:
- The Evolving Healthcare Landscape: Trends in the Use of Medicines and Customer Engagement in Japan
- Executive Perspectives on the Post-Covid Workplace
- Japan Fintech Festival x ACCJ FinTech Panel
- Miracles through Partnership: Improving Japanese Healthcare through Collaboration and Entrepreneurship
- Speed Mentoring to Celebrate International Women’s Day
- How Can Successful M&A Unlock the Potential of Companies in Japan?
- The Likability Advantage
- The Future of Television: Streaming and Disruption in the Media Industry
- Cybersecurity Lessons from Ukraine
- Business Strategy Series: From Nada to the World: Learning from Hakutsuru Shuzo's Overseas Strategy
Here are some of our favorite highlights.
February 2024 Event Highlights
View a collection of photos from the ACCJ’s February 2024 events.
The Women in Business and Kansai Diversity & Inclusion Committees held the WIB Learn from Examples Series: Unveiling the Power of DEI in Corporate Success at Nippon Boehringer Ingelheim (NBI) Co., Ltd.’s Kobe Pharma Research Institute on February 15.
The American Chamber of Commerce in Japan a hosted wide variety of events in February 2024. Among these were:
- From Import Niche to Mainstream Hit: How Haribo Goldbears Cracked Japan’s Convenience Stores and Reached No. 1
- Entrepreneurs vs. Corporate Giants: A Look Ahead at Japan’s Economic Future
- WIB Learn from Examples Series: Unveiling the Power of DEI in Corporate Success at Nippon Boehringer Ingelheim Co., Ltd.
- Unlocking Sustainable Futures: A Deep Dive into Carbon Accounting
- Fireside Chat with Hiroyuki Otsuka, founder and chief executive officer of Newton Investment Partners (former deputy head of Carlyle Japan)
- Chubu Children’s Fund Charity Lunch
- Regulatory Innovation in the Cloud: Accelerating Critical Therapies to Citizens of the World
- Kansai CEO Series: Canvas to Corporation: Unleashing the Power of Art in Business
Here are some of our favorite highlights.
2024 ACCJ Shinnenkai
ACCJ members and guests ushered in the Year of the Dragon in the Imperial Hotel’s Hikari Room.
Members and guests ushered in the Year of the Dragon in the Imperial Hotel’s Hikari Room.
Photos by Miki Kawaguchi/LIFE.14
From left: ACCJ President Victor Osumi, Deputy Chief Mission Raymond Greene, Chairman of Japan–US Business Council and Vice-Chair of Keidanren Jun Sawada, and ACCJ Executive Director Laura Younger.
The American Chamber of Commerce in Japan (ACCJ) held its second in-person shinnenkai since the start of the Covid-19 pandemic, ushering in the Year of the Dragon at the Imperial Hotel on January 26. Some 270 guests joined the ACCJ to kick off the new year with the kagami-biraki—the ceremonial cracking open of a sake barrel—followed by networking with fellow members, friends, and officials from the Japanese and US governments.
ACCJ President Victor Osumi gave opening remarks and shared his vision of fostering partnership, embracing progress, and bridging the future with excellence. He then led the kagami-biraki alongside ACCJ Executive Director Laura Younger, US Embassy Deputy Chief of Mission Raymond Greene, and Jun Sawada, chairman of the Japan–US Business Council and vice-chair of Keidanren (the Japanese Business Federation).
As we continue our celebrations to mark the ACCJ’s 75th anniversary, we look forward to working with our members and partners to advance US-Japan relations and make a positive impact on the international business environment in Japan.
November 2023 Event Highlights
View a collection of photos from the ACCJ’s November 2023 events.
From left: ACCJ Governor John Carlson, Governor Mark Hosang, Governor Meghan Barstow, President Om Prakash, Special Advisor Jenifer Rogers, Vice President Robert Roche, and Treasurer Steve Briggs pose at the 16th Chubu Champagne Ball and Awards Evening, held on November 17 at the Hilton Nagoya.
The American Chamber of Commerce in Japan hosted 55 events in November 2023. Among these were:
- Conversation with Takami Former CEO Yuji Okamura
- G7 Competition Enforcers and Policymakers Summit Side Event
- Chubu Walkathon Charity Fund Presentation Ceremony
- AI in Marketing and PR: The Winning Formula
- 2022 ACCJ Person of the Year Award: Mr. Akio Mimura
- Nomu-nication: Celebrating the Reunion with America-Japan Society
- Celebrating Seisho Kondo: Community Champion
- Sales Support Alliance November Meeting
- ACCJ & JASO Thanksgiving Party
- Welcome to the Wild, Wild West! The 2023 ACCJ/TJCS Champagne Ball and Awards Evening
- Healthcare x Digital 2023: Generative AI: Boosting Healthcare
- Kansai Tech Series #11: Long-chain DNA Synthesis and the Potential of Biofoundry for Gene Therapy
- ACCJ-CSC: Urban Gardening 2023 (Part 2)
- Diversity & Inclusion Summit Series 2023: Unleashing the Power of Inclusion, Day 3
Here are some of our favorite highlights.
Diversity & Inclusion Summit Series Day 3
The ACCJ hosted its first in-person Diversity & Inclusion Summit since the pandemic on Day 3 of the "Unleashing the Power of Inclusion" series.
Participants in the first in-person Diversity & Inclusion Summit since the pandemic gathered on Day 3 of the Unleashing the Power of Inclusion series.
The ACCJ hosted its first in-person Diversity & Inclusion Summit since the pandemic on November 28. Day 3 of the series was entitled Unleashing the Power of Inclusion.
The event, held at the Intercontinental Hotel Osaka, featured a panel discussion with:
- Simone Thomsen, president and representative director, Eli Lilly Japan K.K.
- Steve Briggs, president, Northeast Asia, Kraft Heinz
- Haruko Watanabe, representative director, president, and chief executive officer, American Home Assurance Company, Ltd.; director and vice chairman, AIG Japan Holdings KK
- Lavanya Wadgaonkar, global vice president, communications and global DEI champion, Nissan Motor Co. Ltd.
- Nuala Connolly, head of talent, DEI country lead, and deputy head of HR, AIG Japan
Hosted by the Kansai Diversity & Inclusion, Women in Business, and Kansai Business Programs Committees, the three days of training sessions, workshops, and discussions aimed to create safe and inclusive environments in the workplace.
October 2023 Event Highlights
View a collection of photos from the ACCJ’s Ocotober 2023 events.
The Cross-Chamber Young Professionals Speed Networking event held on October 25 featured support from eight chambers of commerce in Japan.
The American Chamber of Commerce in Japan hosted 57 events in October 2023. Among these were:
- The North America–Europe Golf Challenge in Japan 2023 (October 6)
- Innovation in Residential Energy Business Models (October 10)
- Villanova University MBA Delegation Meeting (October 10)
- Diversity & Inclusion Summit Series 2023 "Unleashing the Power of Inclusion" Days 1 and 2 (October 5 and 13)
- Chubu Children's Fund Golf Tournament (October 13)
- Policy Briefing with Eric Pan of Investment Company Institute (October 16)
- New Jersey First Lady Tammy Murphy (October 17)
- Sales Support Alliance October Meeting (October 18)
- The New Social Customer and How to Access Your Audience (October 19)
- Ordinary General Meeting (October 24)
- Cross-Chamber Young Professionals Speed Networking (October 25)
- Generative AI: How It Will Shape Businesses Tomorrow and Is Transforming Legal Work (October 25)
- Unveiling the Power of DEI in Corporate Success (October 26)
Here are some of our favorite highlights.
September 2023 Event Highlights
View a collection of photos from the ACCJ’s busy schedule of September 2023 events.
Renowned economist and Japan optimist Jesper Koll (center left) delivered a compelling case for Japan’s future on September 4 at an event hosted by the ACCJ Alternative and Foreign Direct Investment Committee at Tokyo American Club.
The American Chamber of Commerce in Japan hosted 50 events in September 2023. Among these were:
- Japan Outlook and Opportunities: Ambitious Re-imagination with Jesper Koll
- Security Clearances in Japan
- USG Briefing w/ Deputy Secretary of Commerce Don Graves
- DC Doorknock Debref with Keizai Doyukai
- Joint Networking with the Ireland Japan Chamber of Commerce
- Summer's End Multinational Chamber Networking Matsuri
- September Leadership Forum
- T&L Meetings and Networking Event
- Innovate & Connect: Tokyo’s ICT Networking Fiesta at Havana Café
- Thinking Local to Go Global: NBA Lessons on Business Expansion
Here are some of our favorite highlights.
2023 DC Doorknock
During the first full DC Doorknock since 2019, ACCJ delegates met with leaders in Washington, DC, to discuss security, economic, and strategic partnerships.
The 2023 ACCJ DC Doorknock delegates gather in front of the US Capitol.
On September 12 and 13, American Chamber of Commerce in Japan (ACCJ) leaders made their first full visit to Washington, DC, since the start of the coronavirus pandemic. These DC Doorknock visits are an important part of the ACCJ’s advocacy efforts and strengthen US–Japan relations.
ACCJ President Om Prakash was joined by Vice Presidents Jason Hyland and Victor Osumi; Governors Hans Klemm, Frank Packard, and Will Shaffer; Treasurer Steven Briggs; Special Adviser Christopher LaFleur; Digital Forum Vice-Chair Kristopher Tate; and Executive Director Laura Younger.
The delegation was warmly welcomed by administration officials, members of Congress, and officials from the Embassy of Japan and the US Chamber of Commerce. Topics of discussion included security, economic, and strategic partnerships.
2022 DC Doorknock
ACCJ leaders made their first DC Doorknock visit to Washington since before the pandemic June 14–16. View a selection of photos from the event.
From left: ACCJ Executive Director Laura Younger, President Om Prakash, Chair Eriko Asai, and Governor Victor Osumi
American Chamber of Commerce in Japan (ACCJ) leaders made their first DC Doorknock visit to Washington since before the pandemic June 14–16. ACCJ President Om Prakash was joined by Chair Eriko Asai, Governor Victor Osumi, Special Advisor Christopher LaFleur, and Executive Director Laura Younger as they engaged face-to-face with members of the executive branch and Congress.
The annual DC Doorknock, which was canceled in 2020 and 2021 due to Covid-19, is an important part of the ACCJ’s dialogue with the US Government and is key to the chamber’s advocacy efforts. The delegation received a warm welcome from administration officials, members of the Senate and House of Representatives, the Embassy of Japan, the US Chamber of Commerce, and various think tanks.
“There’s energy and urgency in the US–Japan partnership on all fronts—from the economy to national security,” said Prakash, “[and] we are pleased and encouraged to see the United States leading in the region, and the heightened role Japan has taken on the world stage.”
Activist Investing in 2022
The Fourth Annual ACCJ Shareholder Forum brought together experts for a look at the state of activist investing in Japan and the realities of the Japanese market.
Fourth Annual ACCJ Shareholder Forum brings together experts from Japan and overseas for a look at the state of the market
Tokyo Stock Exchange President and CEO Hiromi Yamaji delivers the keynote.
Why should anyone care about activist investing in Japan?
This is the question posed by American Chamber of Commerce in Japan (ACCJ) Alternative Investment Committee Chair Frank Packard as he opened the Fourth Annual ACCJ Shareholder Forum on June 7 at Tokyo American Club. The event, which was also livestreamed to remote attendees, has become an important part of the annual general meeting (AGM) season.
Four speakers explored this through a wide-ranging look at the realities of the Japanese market, corporate governance, activist investing, stewardship, shareholder proposals, and more after the keynote was delivered by Hiromi Yamaji, president and chief executive officer of Tokyo Stock Exchange, Inc. (TSE) as well as director, representative officer, and group chief operating officer of Japan Exchange Group, Inc.
Presenting were:
- Nicholas Smith, strategist with CLSA
- Andrew McDermott, president of Mission Value Partners
- Tsuyoshi Maruki, president and CEO of Strategic Capital
- Seth Fischer, founder and chief investment officer at Oasis Management
Packard himself offered some thoughts during the introduction.
“The past 30 years in Japanese public equities provide an interesting lens for today,” he explained. “I want to make the case that we should pay attention because active engagement in Japan might actually be the best global investment strategy today.”
This was not always the case. After the bubble economy of the 1980s burst, activist investing in Japan during the 1990s was somewhat primitive, Packard said. “Some notorious examples, often American, featured activists making simple demands for immediate action to get quick financial return for themselves, not for the companies or other shareholders. To be clear, activism in Japan did not start with an attractive image. But it’s come a long way.”
Japan’s Financial Services Agency began providing useful frameworks with written regulations in 2014 to encourage corporate governance and investor stewardship. Today, Japan is the world’s second-biggest market for activism. “Activists are doing well by doing good,” he said. These days, you’ll find many other groups addressing important governance topics—diversity of board members, foreigners as directors, and talk about disclosure on environmental, social, and corporate governance topics.”
But, Packard noted, very few people are focusing on the other code—the stewardship code—and what are best practices for improving corporate value. “This absence, we believe, is an opportunity for the ACCJ.”
Is ESG Good?
One of the most frequently heard terms in discussions of investing these days is ESG. And while a focus on improving environmental, social, and corporate governance would appear to be good, there are some growing doubts about how to apply it in a decision-useful and commercial manner.
“In theory, [addressing] climate change is a noble goal. Increasing disclosure of environmental impact, as the TSE has recommended and the ACCJ has advocated, that’s very good, too. But in practice, investing in ESG assets has led to many cases of greenwashing,” Packard said, using the term that refers to making inflated, unsubstantiated, or even false claims about the environmentally friendly nature of a product or practice.
“We’re seeing a lack of agreement on ratings and benchmarks, and some concerns that ESG might actually be too blunt an instrument for financial services,” he explained. “Some of the leaders of financial firms are now saying that, maybe, it’s time to retire ESG and its application for investing.”
Lastly, Packard asked where activist investing fits into today’s financial markets, at a time when all asset classes fell in value for the first time in 30 years. That happened during the first quarter of this year. “This has been very confusing for investors trying to do the right thing. Where can investors go to embrace sustainability and responsible investments? Could the answer be to focus on active investment and active engagement?” he asked. “It’s not only an academic or ethical question, it might also be optimal strategy in the current financial markets.”
A Look at the Market
Next, Yamaji delivered the keynote and spoke about what he sees as very important changes in the Japanese market.
“In addition to the excitement generated by the lifting of Covid-19 restrictions, this also has been an exciting time for us at the TSE as [we] went through a major overhaul this past April, kicking off major changes in the Japanese capital market.”
The TSE revamped its grouping of shares for the first time since 1961, replacing its four-market structure with one comprising three: prime, standard, and growth. The top tier is home to blue chips that have met corporate governance requirements which are higher than those of the previous first section. More than 80 percent of the companies that were listed in the first section have shifted to the prime market.
“As shareholders and investors engage with these companies, Japanese companies are undertaking significant changes to their business growth strategies through realignment of their business portfolio and through their new approaches to corporate governance,” Yamaji added.
The presentation portion of the event covered:
- A vertical review of activism comparison over several years as well as a horizontal view of the different engagements within the AGM season, provided by CLSA’s Smith
- A look at stewardship, what it means, and how it applies to 2022 Japan, as well as additional thoughts on ESG, from Mission Value Partners’ McDermott, who joined online from Tennessee
- A fund manager’s perspective on activism and tools used for preparing shareholder proposals, offered by Strategic Capital’s Maruki
- A recap of some past shareholder proposals and a look at the power of engagement and the 2022 proxy season, presented by Oasis’s Fischer
Packard concluded the event by thanking everyone who made it possible, including the ACCJ programs and communications teams as well as his fellow Alternative Investment Committee leaders, Vice-Chairs Pieter Franken, Deborah Hayden, Jason Topaz, and Christopher Wells. It was a great cooperative success.
Watch The ACCJ Journal for additional extended coverage of the presentations, coming soon.
2021 Person of the Year Photo Gallery
On April 25, 2022, the American Chamber of Commerce in Japan (ACCJ) recognized Nobuyuki Hirano as the 2021 ACCJ Person of the Year for his leadership and substantial contributions to the US–Japan relationship. View a selection of photos from the event.
Photos by Miki Kawaguchi/LIFE.14
From left: ACCJ President Om Prakash, Nobuyuki Hirano, 2021 ACCJ President Jenifer Rogers, and ACCJ Financial Services Forum Chair Andrew Conrad
On April 25, 2022, the American Chamber of Commerce in Japan (ACCJ) recognized Nobuyuki Hirano as the 2021 ACCJ Person of the Year for his leadership and substantial contributions to the US–Japan relationship.
During a hybrid event held at Tokyo American Club and livestreamed to remote ACCJ members and guests, the former chair, president, and group chief executive officer of Mitsubishi UFJ Financial Group, Inc. (MUFG) spoke about his long career.
The event began with a VIP session where ACCJ leaders greeted Hirano, after which ACCJ Governor and Financial Services Forum Chair Andrew Conrad welcomed luncheon guests and provided background about the award. ACCJ President Om Prakash delivered remarks and welcomed Hirano to the podium.
In addition to his work at MUFG, Hirano served as chair of the Japan-U.S. Business Council from 2017 to 2021, working tirelessly to promote better US–Japan business ties and to further strengthen the international business environment in Japan.
Following Hirano’s presentation and a Q&A session, moderated by Conrad, 2021 ACCJ President Jenifer Rogers presented the certificate.
The ACCJ Person of the Year Award was created in 1996 to enable the chamber to recognize individuals for their outstanding contributions to business and commercial relations between Japan and the United States. Past recipients include: Fujio Cho, honorary chairman of Toyota Motor Corporation; Hiroshi Mikitani, CEO of Rakuten, Inc.; and Caroline Kennedy, the 30th US Ambassador to Japan.
