• 10 Jan 2020 5:00 PM | Anonymous member (Administrator)

    ANZCCJ platinum member Lendlease is to make generous donations to Australia bushfire relief.

    Lendlease will be donating 500,000 AUD towards assistance.

  • 16 Dec 2019 11:34 AM | Anonymous member (Administrator)

    On Monday 9th December, Rio Tinto Aluminium hosted the Japanese Sustainability Forum. The forum was supported by the Aluminium Stewardship Initiative (ASI), of which Rio Tinto is a founding member. The event provided an overview of ASI and their mission to collaboratively foster responsible production, sourcing and stewardship of aluminium.

    Opening remarks were made by Rio Tinto’s VP for Aluminium Sales and Marketing, Tolga Egrilmezer, who spoke about the increasing demand for sustainably-produced products, and the key role that responsible aluminium can play. He also discussed Rio Tinto’s leadership in this area including its position as the first company worldwide to receive ASI certification, and its sale of the first batch of zero-direct-carbon aluminium produced by its Elysis joint venture to Apple the previous week.

    Deputy Director-General from Japan’s Ministry of the Environment, Yutaka Matsuzawa, spoke on Japan’s focus on the “4Rs” of Reduce, Reuse and Recycle, plus Renewables, for a sustainable economy. Soon after representative speakers from various areas in the industry spoke on their commitment to ASI. The event was conducted in both English and Japanese.

    Chief Executive Officer of ASI, Fiona Solomon, provided a detailed outlook on the purpose and objectives of ASI. ASI covers the complete aluminium value chain and their performance standards include environmental, social and governance (ESG) factors as they see sustainability as going beyond just traditional ‘environmental measures’. She noted the partnership between Nespresso and Rio Tinto to use 100% ASI certified aluminium in coffee capsules by 2020. This showcased how two companies on opposite ends of the supply chain can collaborate for the same purpose.

    Several ASI members were involved in the agenda, including representatives from Novelis Inc, DSW Automotive, Nippon Tetra Pak and Nestle Nespresso. Recurring themes included the importance of recycling, a closed-loop system and the importance of collaboration between industry players. Though the companies were from different markets they shared a common message, “aluminium is the key for a sustainable future”.

    The forum continued with a final panel discussion including all speakers where they discussed the importance of shifting how the industry works. Instead of behaving in fragmented ways, industry partners must come together and collaborate to showcase the importance of aluminium for a sustainable future. Additionally, they highlighted the potential of the Japanese Aluminium Industry to begin taking steps toward sustainability.

    There was an opportunity to ask questions throughout the forum. The event concluded with a networking cocktail to socialise and interact. Thank you to Rio Tinto for hosting the Japanese Sustainability Forum.

  • 11 Dec 2019 3:08 PM | Anonymous member (Administrator)

    With great sadness, we give our condolences to the victims and families of those affected by the White Island volcano eruption on Monday 9 December. Around 47 people from different parts of the world were on the Island during the eruption. Sixteen people have passed away and two are currently missing. Among those affected are from Australia, Malaysia, China, US, UK and New Zealand. 

    We extend our deepest condolences to those affected and their families.

    Last updated: 11/12/2019 3:22pm JST

  • 28 Nov 2019 1:15 PM | Anonymous member (Administrator)

    Media release from Macquarie’s sixth Japan Infrastructure and Energy Conference

    Macquarie’s sixth Japan Infrastructure and Energy Conference explores the evolution of the energy value chain Tokyo, 26 November 2019 Macquarie successfully held its sixth annual Japan Infrastructure and Energy Conference in Tokyo yesterday. Over 300 representatives from the public sector, financial institutions and industry experts attended to discuss the development of the energy and infrastructure sectors. Convened under the theme of “Evolving the Energy Value Chain,” the conference offered a comprehensive snapshot of Japan’s energy and infrastructure markets, discussing the evolving landscape of Japan’s energy value chain as deregulation in the electricity and gas sectors continues to occur. With these structural changes, financial institutions will play a significant role in the financing and development of energy infrastructure. The sessions, featuring industry expert panellists, focused on the growth in green energy, as well as the technology innovations and infrastructure required to power Japan’s future. Topics encompassed rising opportunities in power and fuel trading markets to innovations in infrastructure technology. Takuji Watanabe, Japan Country Head, commented, “As Japan's energy transition continues to evolve, deregulation and structural change are creating new and innovative opportunities across the energy and power sectors. These changes are driving innovation and technological change in the world's third largest economy.” “Macquarie is committed to bringing our global expertise and local capability to support this transition. We’re seeing new opportunities for hybrid solutions and greater demand for integration across various asset classes including infrastructure, energy and commodities. We are excited about the opportunities in infrastructure and energy that will continue to power Japan’s economic growth,” he added.

    About Macquarie Group

    Macquarie (MGL and its subsidiaries, the Consolidated Entity) is a global diversified financial group with offices in 30 markets. Macquarie’s breadth of expertise covers asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. The diversity of our operations, combined with a strong capital position and robust risk management framework, has contributed to Macquarie’s 50-year record of unbroken profitability.

    Founded in 1969, Macquarie now employs over 15,700 people globally, has total assets of $A203.2 billion and total equity of $A18.4 billion as at 31 March 2019.

    For further information, visit

    Macquarie Group Limited 2

    For more information please contact:

    Ida Cheung, Macquarie Group, Corporate Communications or +852 3922 3615

    Janet Jin, Macquarie Group, Corporate Communications or +852 3922 4772

  • 28 Nov 2019 10:39 AM | Anonymous member (Administrator)

    ANZCCJ together with the American, Canadian, French Chambers and European Business Council submitted the below letter to the New and Renewable Energy Division, Energy Efficiency and Renewable Energy Department and Agency for Natural Resources and Energy at Japan's Ministry of Economy, Trade and Industry. 

    The Third Interim Subcommittee Report as discussed in the Subcommittee on Mass Introduction of Renewable Energy and Next-Generation Electricity Networks of the Advisory Committee for Natural Resources and Energy, Energy Conservation and Renewable Energy Department/ Electricity and Gas Unit sets forth a Generation Side Basic Wheeling Charge (Hatsuden Gawa Kihon Ryokin), a charge for the use of the relevant transmission network, to be imposed on all types of electricity generators, including renewable energy generation projects.

    The American Chamber of Commerce in Japan (ACCJ), the Australian and New Zealand Chamber of Commerce in Japan (ANZCCJ), the Canadian Chamber of Commerce in Japan (CCCJ), the European Business Council (EBC), and the French Chamber of Commerce and Industry in Japan (CCIFJ) are concerned that adjustment measures at the same level as the Generation Side Basic Wheeling Charge have been excluded in the Third Interim Subcommittee Report for projects with certified FIT rates which are in the Profit Consideration Period (Rijyun Hairyo Kikan or FIT price of 40, 36, 32 and 29 yen per kWh).

    Without these adjustment measures, the imposed Generation Side Basic Wheeling Charge would functionally generate the same effect as a retroactive and material economic reduction in the FIT rate, contrary to the foundation of the FIT law and FIT policy as per the following reasons:

    1) Japan's FIT scheme was intended to incentivize the private-sector to invest in new renewable energy projects in Japan. It did this by guaranteeing both the price and PPA term for such projects. The Generating Side Basic Wheeling Charge is contrary to this principle, as it deprives developers of their secured rate of return under the FIT system. This would occur long after most developers have made investments to complete their projects in reliance on the FIT rate of return. Profit Consideration Period FIT rates were intended to stimulate private sector renewable energy investment in the initial period of the FIT scheme, as investors at the time had to invest without a strong track record in Japan of private sector renewable energy, and in doing so, took a significant commercial risk. As the Generating Side Basic Wheeling Charge was not included as a cost when calculating the rates of return for the initial period FIT rates, the imposition of this charge now will substantially lower investor rates of return, which the FIT system intends to legally protect.

    2) The justification for imposing the Generating Side Basic Wheeling Charge on all categories of generators and as a regular recurring payment over the life of their projects, is that it will be accompanied by a reduction in the initial grid connection costs payable by generators prior to grid connection (the tokutei futan or specific burden) for projects that receive approval from now onwards. However, existing Early Certified Projects will have already paid their connection cost amounts in full prior to commercial operation, and therefore will not benefit from the reduction of the specific burden. Without any adjustment measures to compensate such projects for having already paid their connection costs, imposing the Generating Side Basic Wheeling Charge on the FIT Projects will directly contravene one of the key justifications for introducing this charge.

    3) An additional charge on FIT scheme power generation projects is problematic from the viewpoint of investor protection and due process, as it will adversely affect a large number of investors if no adjustment measures are made. Since the introduction of the FIT system, investments into FIT power projects in Japan by domestic and international energy companies, general business companies, financial institutions, life insurance companies, trust banks, pensions, private funds and individuals, have steadily expanded. As infrastructure funds typically invest in power projects that are in operation, the introduction of the Generating Side Basic Wheeling Charge for the FIT projects will cause a decrease in investment yields, and for listed funds a corresponding fall in their share price, creating significant uncertainty as to the security of these renewable energy investments.

    4) The imposition of the new Generation Side Basic Wheeling Charge without any adjustment measures to the existing FIT projects, may risk violating the Energy Charter Treaty, such that treaty member country investors would be able to commence arbitration under the Convention for a breach by a host country. If an arbitration tribunal were to determine that the imposition of the Generating Side Basic Wheeling Charge on FIT Projects without adjustment measures is not justifiable, then the Japanese Government would be exposed to a significant number of international arbitration cases and would face claims for large amounts of compensation on the grounds that investor interests have been violated.

    5) The new Generation Side Wheeling Charge will be levied on all types of generators (i.e. nuclear, thermal, hydro and FIT), and is intended to spread the burden of constructing, operating and maintaining the transmission system between electricity end users (through retailers) and generators. However, whilst retailers generally have the ability to pass wheeling charges onto their customers, renewable energy project owners that supply electricity under the FIT scheme, will have no similar ability to pass this cost on to their utility customers, due to the FIT PPA structure consisting of a fixed rate tariff, with no scope for increase.

    Imposing the Generating Side Basic Wheeling Charge now on Early Certified Projects without any adjustment measures, will significantly affect investor's confidence in the stability and predictability of the FIT system. It will have a material negative impact on solar project returns and damage trust and confidence in Early Certified Projects including on the part of investors, business operators, financial institutions and other stakeholders. Unforeseen retroactive FIT rate reduction could also potentially negatively impact the developing renewable energy industry in Japan as developers and investors will be dis-incentivised to start or continue projects in Japan.

    We strongly recommend METI to consider the impact of the current proposal in consultation with various stakeholders.

    In addition, it is acknowledged that The Third Interim Subcommittee Report also proposes changes to the current FIT scheme including transition to Feed in Premium (FIP) scheme within the forthcoming revision of FIT Law by the end of 2020. It appears that the special treatment on exemption from imbalance penalties, which is now available under the FIT scheme, may not be available under the FIP scheme. Whilst we share the view that the FIT scheme should evolve as the technology matures and cost is reduced, with a view to reduce renewables charges to the consumers, we strongly request that METI does not apply any retrospective changes to existing FIT projects arising from these revisions (including to expand the risk of imbalance penalties to existing FIT projects), and any material changes to new projects to be implemented after a sufficient dialogue with the industry and consideration to potential impact on investors’ perception towards the Japanese market.

  • 19 Nov 2019 2:58 PM | Anonymous member (Administrator)

    On Tuesday 19 November, ANZ together with the Chamber, hosted the ANZ Chief Economist Luncheon Seminar with ANZ Chief Economist and Head of Research, Richard Yetsenga at the Roppongi Hills Club. The luncheon attracted over 50 guests, including ANZ guests and members of the Chamber. The seminar commenced with opening remarks by ANZCCJ Chair, Sally Townsend and ANZ Japan Country Head Mitch Mason, who mentioned that this year marks the 50th anniversary of ANZ’s relationship with Japan.  

    Mr Yetsenga led the seminar with an insightful presentation on the economic stagnation of the global economy and its potential impacts in the years to come. He highlighted key issues in the current economic climate, such as the slowdown of GDP growth, the changing nature of global value chains and the state of play in the Australian and New Zealand capital and housing markets. In particular, he noted that the Australian growth phase is over, seeing a decrease in disposable income growth and savings rates. New Zealand has also seen a persistent gradual slowdown and faces tighter financial conditions in the near future. Richard also spoke of the challenges facing the large Asian economies of China, Indonesia and India as domestic demand has slowed. The seminar concluded with a Q&A session, with closing remarks made by ANZCCJ Executive Director Judith Hanna, who was MC for the event. Thank you to ANZ for hosting the seminar, and the Roppongi Hills Club for their excellent hospitality. 


  • 30 Oct 2019 2:00 PM | Anonymous member (Administrator)

    ANZCCJ has just released a report on the International Education Market. This report provides an update to our members and the wider business community on this important sector of Australia/New Zealand-Japan relations and the activities, successes and visions of our members operating within this space. 
    Thank you to our Chamber Sponsors ANU College of Asia and the Pacific, AOM Visa Consulting, Bond University, CISaustralia, Globalink Internships, Global Sky Group, Griffith University, Southern Cross University, and Beyond Immigration Services Saitama, as well as the Australian and New Zealand Embassies in Japan for helping us
     compile this report. We hope you find it both informative and engaging.

    Access the report here

  • 10 Oct 2019 4:13 PM | Anonymous member (Administrator)

    On the final morning of the 57th Annual Australia-Japan Joint Business Conference in Osaka, the Australian and New Zealand Chamber of Commerce in Japan (ANZCCJ) together with Ashurst, Austrade, Macquarie and the South Australian Trade and Investment Office in Japan hosted a breakfast on Australian M&A and investment opportunities in Australia. The seminar was a platform for an engaging discussion with three key lessons emerging: The foundation of trust between Australia and Japan is paramount; due diligence and careful research into who you’re investing into and why they wish to partner with you is key; diverse investment opportunities exist in Australia with respect to size, industry and location, and one should think broadly about future partnerships between Australia and Japan.

    Japan is Australia’s second largest source of foreign direct investment after the US and its investment continues to grow – doubling in the last decade to around AUD93 billion. Japan’s investment is diversifying from Australia’s traditional sectors such as resources and energy and agriculture, into renewables, information and communications technology, and financial services. From more complex transactions, including takeovers, to venture capital investments in technology, as well as an increasing trend of asset recycling, the cross-border M&A activity between Japan and Australia is becoming increasingly dynamic.

    Speakers at this event included Austrade CEO Stephanie Fahey, South Australia Minister for Trade, Tourism and Investment, the Honorable David Ridgway, Macquarie Capital Senior Vice President, Kanna Mihara, MLC Life Insurance Chairman, Peter Grey, and President of Nanosonics Japan K.K Katsumi Maruyama. Ashurst Partner Natsuko Ogawa was panel moderator and Ashurst Japan Partner and ANZCCJ EC member Tracy Whiriskey was our MC. 

  • 28 Sep 2019 5:12 PM | Anonymous member (Administrator)

    On Friday 27 September 2019, we held the ANZCCJ Rugby Charity Gala 2019 at the Palace Hotel Tokyo. The event was sponsored by AIG, ANZ, Atsumi & Sakai, the Australian Embassy Tokyo, and Lendlease Japan. With the assistance of our generous sponsors we were able to contribute to three charities. Funds raised went to support grass roots rugby clinics for Kamaishi children conducted by former All Blacks captain Richie McCaw and New Zealand Rugby at the new Kamaishi Recovery Stadium in Iwate Prefecture as well as ‘ChildFund Pass it Back’ and ‘Support Our Kids’. This event marked the second charity gala that the ANZCCJ has held, following last year’s ANZCCJ Bledisloe Cup Charity Gala Dinner in 2018. It was one of our biggest events to date, with over 300 guests in attendance.

    A number of distinguished guests were in attendance on the night including HE Richard Court AC, Australian Ambassador; HE Hamish Cooper, New Zealand Ambassador; Takenori Noda, Kamaishi Mayor; Raelene Castle ONZM, Rugby Australia Chief Executive; Cameron Clyne, Rugby Australia Chairman; Brett Gosper, World Rugby CEO; Eddie Jones, Head Coach Rugby England; and Hiroyuki Katsumata, Deputy Mayor of Hakone. (To note: Many of these guests were there to celebrate the night and not as official representatives of their organisations.)

    Guests were welcomed to the tune of world-renowned singer songwriter and voice artist Donna Burke and her band Ganime Jazz, who entertained diners throughout the evening, and a Haka performance by Haka Works. We were also honoured to have the Webb Ellis Cup on display in the ballroom throughout the event.

    ANZCCJ Chair Sally Townsend welcomed guests to the event and invited Ambassador Court and Ambassador Cooper to the stage to give a joint kampai. Ambassador Court discussed how rugby can unite people and reminded the audience of the history-making fact that this is the first time the Rugby World Cup is being held in Asia. As a symbol to show the pride that exists in working together, Ambassador Court revealed to the audience the world’s first All Blacks/Brave Blossoms/Wallabies supporters’ scarf and wore it together with Ambassador Cooper. Ambassador Cooper emphasised the opportunities rugby creates, not only for business and tourism, but also for the continued strengthening of Japan, New Zealand and Australia relations. He said he was glad that proceeds from the Gala would help young people who have been impacted by the 2011 Great East Japan Earthquake.

    CEO of Rugby Australia Raelene Castle congratulated the RWC Organising Committee for organising such a special event while noting that the RWC19 will be the most-watched, most-attended World Cup in history. She emphasised the power of community, pointing to how far the city of Kamaishi has come from the devastation of 2011 to a city filled with energy from the Rugby World Cup in 2019. Kamaishi Mayor Takenori Noda reiterated the importance of community, passionately explaining how the people of the town have come together, with the help of rugby, to rebuild Kamaishi after the devastation in March 2011.

    ANZCCJ Sports for Business Committee Co-Chairs Matt Walker and Ian Scott then took to the stage to announce three special rugby awards. The Community Award was awarded to Rugby World Cup Planning Committee Senior Director Koji Tokumasu and presented by ANZCCJ Chair Sally Townsend, the Diversity in Rugby Award was awarded to Rugby Australia CEO Raelene Castle and presented by ANZCCJ Chair Emeritus Melanie Brock, and the Leadership in Rugby Award was awarded to England Rugby Coach Eddie Jones (former Brave Blossoms Coach) and presented by AIG President Bob Noddin.

    Door prizes were generously donated by Palace Hotel, Air New Zealand and Qantas and won by guests as follows: Lunch for two at the Wadakura Restaurant at The Palace Hotel: Yukio Osawa; dinner for two at the Grand Kitchen at The Palace Hotel: Amy Fischer; an “All Blacks fan pack” with an Air New Zealand ticket from Tokyo to New Zealand with All Blacks/Adidas sportswear: Midori Kitahara; a “Wallabies fan pack” with a Qantas ticket from Tokyo to Australia with Wallabies/Asics sportswear: Alberto Zanonato.

    The night was a huge success. Thank you to our Executive Council members, Chamber members and guests who came together to celebrate rugby for Australia, New Zealand and Japan. It was a true expression of the power of sport in bringing together people, businesses and nations.

  • 27 Sep 2019 11:00 AM | Anonymous member (Administrator)

    On Thursday 26 September 2019, the ANZCCJ jointly held a business seminar event “Australia and Japan – Investing in the Opportunities” with Austrade at the Australian Embassy Tokyo. This seminar provided business executives an overview of the opportunities for Australian and Japanese businesses in their respective markets and discussed methods for leveraging bilateral relationships to create further opportunities in other markets. Australian Ambassador to Japan, H.E Richard Court AC gave an overview of the relationship and areas for future growth, and Austrade Senior Trade Commissioner, Brett Cooper spoke about the opportunities in Japan, discussing an overview of the market, political context, and market priorities for Austrade in Japan. ANZCCJ Chair, Sally Townsend was the MC for the event, and Japan Country Manager at Commonwealth Bank, Martin Spann was moderator for the two panels which discussed “emerging opportunities and challenges for Australian businesses in Japan” and “inbound Japanese trends to Australia” followed by a Q&A session. Panellists included Managing Director & CEO of Lendlease Japan, Andrew Gauci, Director, Invest Japan Promotion Division at JETRO, Mio Kawada, Managing Director at AMP Capital Japan, Kenson Wong, Partner at Ashurst Japan, Tracy Whiriskey, Senior Vice President at Macquarie Capital Japan, Kanna Mihara, Senior Manager, Global Strategy & Regional Management Dept. at Mitsubishi Corporation, Baden Firth.

    A key takeaway from the event was that there are many valuable business opportunities available in Japan, but proper research into the market, gearing your product/service delivery toward the customer, having a high standard of quality and enough understanding about the cultural differences (and the seniority of those Japanese partners you are working with) are important factors for success. Some areas of opportunity to look out for in the Japanese market include tourism, healthcare, robotics/automation, IT and infrastructure and digital development as well as renewable energies and much more as the economic and political horizon changes. Joint ownership structures and investment ventures with Japanese companies is also ripe with opportunity as companies like AMP Capital, Ashurst, Lendlease, Macquarie Capital and Mitsubishi Corporation have seen. Despite hesitations some may best approach entering the Japanese market through third markets, but there is a wealth of opportunity in the country with some panellists noting that Japan has always been a more profitable market for them rather than other key competitive markets. For those wishing to explore opportunities in Japan, please reach out to the Chamber as well as JETRO who offer advice to new market entrants.

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