MARCH 2018 VOL. 55, ISSUE 3 ¥800 MARCH 2018 JOURNAL.ACCJ.OR.JP THE AUTHORITY ON GLOBAL BUSINESS IN JAPAN JOURNAL.ACCJ.OR.JP ON LOCATION IN JAPAN Economic boost from foreign filmmakers THE AMERICAN CHAMBER OF COMMERCE IN JAPAN 毎月一日発行 第五十五巻 3 3 号 ジャーナル 二〇一八年三月一日発行 号 ジャーナル 二〇一八年三月一日発行 CONTENTS VOL. 55, ISSUE 3 COVER PHOTO Behind the scenes of Chasuke’s Journey, shot in Okinawa. IMAGE: OKINAWA FILM OFFICE / OCVB – Page 28 THIS PAGE USA Rugby is set to compete in the 2019 Rugby World Cup PHOTO: USA RUGBY – Page 24 5 EDITOR'S DESK 13 WOMEN IN BUSINESS 20 REAL ESTATE 34 HR New Game Plan Ikuboss Games of Growth Work Flexibly The importance of male role How the Olympics help Companies and government C Bryan Jones models in management develop cities look to ease Tokyo’s congestion 7 PRESIDENT Makiko Tachimori (Fukui) Maxine Cheyney Julian Ryall Charting a Path Forward 15 REGION UPDATE 24 SPORTS 38 PARTNER CONTENT Chubu 2017 Ruck and Roll Corporate Clog Sachin N. Shah Poised for economic growth USA Rugby eyes success in 2019 How past CEOs hinder Japanese companies 9 EVENTS Nao Geisler James Souilliere ACCJ in Pictures Nikkei Asian Review 17 PHOTOS 28 ARTS J-MEDIA 11 ACCJ EVENT US Vice President On Location in Japan 43 Liberalized Resources Mike Pence in Japan Economic boost from Diet Dailies Who’s investing and winning in foreign filmmakers Previous manual to be TAX abolished in conversion electricity and natural gas? 18 C Bryan Jones GILTI Change Rivals exasperated by Maxine Cheyney The unexpected impact of Rakuten’s mobile efforts US Tax reform translation of news ACCJ Taxation Committee from Keizaikai DISCLAIMER Custom Media and the ACCJ will not accept liability for any damages caused by the contents of The ACCJ Journal, including, but not limited to, any omissions, errors, facts or false statements. Opinions or advice expressed in the The ACCJ Journal are not necessarily those of the ACCJ or Custom Media. Publisher Advertising Sales Director HONORARY PRESIDENT Simon Farrell Anthony Head William F. Hagerty IV [email protected] United States Ambassador to Japan Account Managers President Reiko Natsukawa PRESIDENT Robert Heldt Edvard Vondra Sachin N. Shah James Krick MetLife Insurance K.K. Editor-in-Chief Andrew Wilkins Christopher Bryan Jones CHAIRMAN Business Development Studio Manager Christopher J. LaFleur Kotaro Toda Paul Leonard McLarty Associates Project Coordinators Graphic Designers TREASURER Yoshiki Tatezaki Michael Pfeffer Nancy Ngou Ayako Nakamura Ximena Criales EY Japan Media Coordinator Staff Writer Kiyoko Morita VICE PRESIDENTS Maxine Cheyney Amy Jackson Pharmaceutical Research and Manufacturers of America (PhRMA) Head of Project Peter M. Jennings Dow Chemical Japan Ltd. Management Marie Kissel Abbott Megumi Okazaki Jonathan Kushner McDonald’s Company (Japan), Ltd. Ray Proper (Chubu) H&R Group K.K. Yoshitaka Sugihara Google G.K. Dr. Stephen A. Zurcher (Kansai) Kansai Gaidai University To advertise or subscribe: [email protected] ACCJ GOVERNORS Ryan Armstrong Aflac Japan Editorial: Eriko Asai GE Japan [email protected] Alison Jane Espley United Airlines Brett C. Gerry Boeing Japan K.K. Yumi Goto Coca-Cola (Japan) Company, Limited Rebecca K. Green ERM Japan Tad Johnson Pratt & Whitney Aftermarket Japan KK Patrik Jonsson (Kansai) Eli Lilly Japan K.K. Arthur M. Mitchell White & Case LLP Jenifer Simms Rogers Asurion Japan Holdings G.K. Ryann Thomas PwC Tax Japan Megumi Tsukamoto Caterpillar Japan Ltd. Hiroshi Ueki Goldman Sachs Japan Co., Ltd. Michel Weenick (Chubu) Hilton Grand Vacations PRESIDENTS EMERITI Debbie Howard (2004–2005) Charles D. Lake II (2006–2007) Allan D. Smith (2008) Thomas W. Whitson (2009–2010) Custom Media Michael J. Alfant (2011–2012) Publishers of The ACCJ Journal for the American Chamber of Commerce Christopher J. LaFleur (2016–2017) in Japan. Specialists in bilingual brand strategy/visual communications, corporate bespoke solutions. Producers of Business in Japan TV. CHAIRMAN EMERITUS Kumi Sato www.custom-media.com Cosmo PR SPECIAL ADVISOR Daiwa Azabudai Bldg. 6F Eric Sedlak 2-3-3 Azabudai, Minato-ku, K&L Gates LLP Tokyo 106-0041 ACCJ EXECUTIVE STAFF Tel: 03-4540-7730 Laura Younger Executive Director © 2018 Custom Media K.K. Information as of February 20, 2018 The American Chamber of Commerce in Japan Masonic 39 MT Bldg. 10F, 2-4-5 Azabudai Minato-ku, Tokyo, Japan 106-0041 Tel: 03-3433-5381 n Fax: 03-3433-8454 www.accj.or.jp The ACCJ is an independent membership organization not affiliated with any government The ACCJ Journal is printed on paper certified by the or other chamber of commerce. The ACCJ is a member of the Asia-Pacific Council of US Forest Stewardship Council with vegetable oil ink American Chambers and values its relationships with Japanese, American and other certified by the Japan Printing Ink Makers Association. nations’ business organizations. 4 THE ACCJ JOURNAL n MARCH 2018 NEW EDITOR'S DESK GAME PLAN COMPETE getting to the office in Tokyo can be a Before the Olympics, Japan will play job in itself. Recognizing that the stress Christopher Bryan Jones host to the 2019 Rugby World Cup. USA imposed by overcrowded commutes [email protected] Rugby has qualified and will compete in could be impacting economic growth, the Pool C against France, Argentina, Tonga, Tokyo Metropolitan Government has put Our March issue of The ACCJ Journal and powerhouse England, led by former forth a possible solution with its Jisa Biz focuses on Japan’s upcoming path in sports, Japan coach Eddie Jones. On page 24, campaign. On page 34, we find out how at work, and in entertainment. From the we explore the history of the game in the companies are reacting, and what else Tokyo 2020 Olympic and Paralympic Games United States and the opportunities the employers are doing to make their teams and the 2019 Rugby World Cup to efforts to team’s berth in the tournament may bring more comfortable and productive. relieve stress, improve the workplace, and US businesses in Japan. boost tourism, there’s much change and PREPARE excitement sweeping the nation. CREATE As we look to the future, there are still other Sports isn’t the only area in which Japan changes to consider. If you are a US citizen BUILD is preparing to up its game. As the world’s doing business in Japan through the use of Tokyo has been undergoing significant urban fourth-largest movie market, the country a corporation, the recent changes to US tax redevelopment in recent years, and the Tokyo is looking to score big in the global film law may impact you in unexpected ways. 2020 Olympic and Paralympic Games— indus try. On page 28, we talk to representa- On page 18, the American Chamber of set to be the largest in history with 33 sports tives from regional film commissions about Commerce in Japan Taxation Committee and 339 events—is a driving force. With why attracting productions is important explains what to look out for as you prepare the con struction of the Olympic Village, to the local economy and how Japan can your tax return in April. n the Tokyo Bay waterfront is getting a lot of increase its appeal. attention. But what does the future hold for A flagship publication of the American this real estate after the Games? On page 20, RELAX Chamber of Commerce in Japan (ACCJ), we talk to experts about the challenges of While all of this sports and entertainment The ACCJ Journal is a business magazine developing the area. is going on, most of us have to work. And with a 55-year history. Craftsmanship to last a lifetime Exquisite handmade knives since 1923. 10am–6pm | 03-3841-4205 | kap-kam.com Shop online or visit our Kappabashi store, just 8 minutes from Tawaramachi Station. Free engraving service available. Fire Up the Grill Welcome spring with a great American cookout of sizzling barbecue, drinks and stunning Tokyo Tower views. 10% OFF FOR JOURNAL READERS Book your barbecue party package by March 31 to receive a 10 percent discount. Mention this ad when you talk to us at 03-4588-0308 or [email protected]. tokyoamericanclub.org Charting a FROM THE BOARD Path Forward By Sachin N. Shah ACCJ President n my last column, I wrote about the enduring importance To remedy this, the ACCJ will prioritize the following five of our mission amid new growth drivers in the Japanese cross-cutting advocacy themes aimed at “unlocking Japan’s I economy and an evolving US–Japan partnership. In growth potential” while aligning with both the chamber’s mission February, the American Chamber of Commerce in Japan and the policy agendas of the US and Japanese governments: (ACCJ) Board of Governors approved a strategy to ensure 1. US–Japan Economic Partnership that the chamber can continue to deliver on its mission 2. Digital Economy in this changing environment. The strategy has three 3. Health and Retirement components, and I will outline each below. 4. Tourism, Sports, and Hospitality 5. Workforce Productivity MEMBER CENTRICITY Over the past several years, ACCJ membership has grown To be clear, committees remain the driving force behind ACCJ to a record high and become increasingly diverse, with advocacy, and the chamber will continue to work on issues outside more Corporate Sustaining Members, Japanese nationals, of these five areas. By prioritizing these issues, we aim to focus the women, and young professionals. Now we need to evaluate chamber’s voice, foster more collaboration between committees, our membership offerings and position the chamber for and promote US businesses as a source of global best practices. sustainable growth. To this end, the chamber will undertake The Board of Governors and I will communicate more infor- a project over the next few months that will execute this mation on the themes—and how they intersect with committees— member-centric evaluation of the ACCJ’s value proposition.