JIN-492 -- An M&A Christmas

-----------------------------------------------------------
Every PBXL wireless phone comes standard with:
a big color screen,
a 03 Tokyo number,
voicemail,
and more!

Everything you expect from the best office phone system
on the market.

Call today! 03-4550-2557
Get your new phone system in 3 steps: http://www.pbxl.jp/plans

PBXL is Hosted Business Telephony
Monthly seminars at Cisco HQ: http://www.pbxl.jp/seminarstt
More about PBXL: http://www.pbxl.jp/aboutus2
-----------------------------------------------------------

J@pan Inc Newsletter
The 'JIN' J@pan Inc Newsletter
A weekly opinion piece on social, economic and political trends
in Japan.
Issue No. 493 Wednesday December 3, 2008, Tokyo

Tokyo has been lit up by the millions of fairy lights that makes a
Japanese Christmas more reminiscent of a jewelry TV commercial than
National Lampoon's Christmas Vacation. And for good reason too:
Christmas here is about two things – winter romance and buying stuff.
A quick survey around Omotesando, Shibuya or Ginza could make you
forget about everything that has been going on as throngs of shoppers
wander around in the season's latest clothes looking at things to buy.

And Japanese consumers aren't the only ones doing the buying.
So far this year, mergers and acquisitions have totaled a record $75 billion,
according to Bloomberg. And things are going to heat up next year as
Japanese companies attempt to boost shareholder value. This year about
have the value of the nation's stocks have been wiped out - 48
percent - and a lot of companies are in need of something to keep
shareholders happy.

JP Morgan's new head of M&A Masaru Shibata, who left Lehman Brothers
after it went bankrupt, told Bloomberg Tuesday he believed Japanese
companies would expand even further next year.

"Merger and acquisitions activity in Japan will intensify further,"
Shibata told Bloomberg. "The recent share plunge is creating a sense
of anxiety and an incentive for companies to sell non-core assets and
strengthen business abroad."

The combination of weakened share prices and the strengthening yen
have made acquisitions abroad more attractive for Japanese companies.
Some of the big buys in 2008 were of course Nomura's purchase of
Lehman Brothers and Mitsubishi UFJ Financial Group's investment of $9
billion in Morgan Stanley. So far, JP Morgan is currently the
sixth-ranked financial adviser for Japanese M&A this year - according
to Bloomberg, the company advised on 29 transactions, including NTT
Docomo's purchase of a 26 percent stake in India Tata Teleservices.

As things shift in the global markets, companies are looking to
reposition themselves and, as we have seen already, get rid of any fat
that they have. While there are have been plenty of employees wanting to
jump ship, recruitment companies have still been left hurting as the number
of positions at companies are reduced. But on the other hand, some
businesses have moved quickly to take advantage of the turmoil.
Greenhill & Co., a New York-based investment bank, announced last
October it plans to start an M&A advisory in Japan. The company has
already setup a Tokyo office and has brought onboard a couple of heavy
hitters in Kensuke Hotta, the former chairman of Morgan Stanley Japan
and Hiroto Yamada, the former head of merger advisory at Merrill
Lynch's local unit.

So, at the Boxing Day sales there may be more than just Nintendo Wiis
for sale and it looks like there will be plenty of Japanese companies
prepared to do some buying. Whether they'll turn around to see all
their assets promptly walk out the door such as in the case of Lehman
and Nomura, or they'll see a reinvigoration of shareholder confidence,
will be something best left to the fortune tellers rugged up on the streets
of Ginza... or the M&A gurus.

Michael Condon.
Editor-in-chief

Winter edition of Japan Inc

Japan Inc will be redeveloping its Website to bring readers more
up-to-date analysis and comment on everything business-related in
Japan. Make sure you check out www.japaninc.com over the next months
as it takes on a new look with more content than ever. The printed
version of the magazine will take on a quarterly format and will be
packed with features, so keep an eye out at bookstores or
alternatively subscribe so that you don't miss getting your copy.

This month's cover story is an examination of the copyright war as the
government moves to crack down on illegal downloads. We talk to some
experts on both sides including Web entrepreneur Joi Ito and former
President and COO of Universal Music International John Kennedy, about
where the future of intellectual property laws will lie. Also, in our
CSR special we examine the good and bad from the companies using CSR
as a PR smokescreen to Japan's fight for sustainability.

----------------------------------------------------------

Creative and Web Services

O Creative provides multilingual creative solutions for
print and web.

Based in Tokyo and London, O Creative specializes in logos
and visual identity, branding, brochures, internal and
external corporate communications solutions, multilingual
web sites, web hosting, IT support, search engine optimization,
online marketing, content management systems and customer
relations management systems.

For more information, please visit our website at
www.o-creative.com,
or contact us directly at info@o-creative.com

-----------------------------------------------------------

------------- Looking for English Magazines? --------------

Subscribe to your favorite English magazines today -- TIME,
Newsweek, National Geographic, Scientific American, People
and many more.

eigoTown.com is now offering subscriptions to English magazines
at great prices.

Visit: http://magazines.eigotown.com
Credit cards and PayPal accepted.

-----------------------------------------------------------

-----------------------------------------------------------
BE THERE WHEN THE MUSICAL YEAR KICKS OFF!

Speaking at MIDEM / MidemNet 2009

* David Eun, VP Content Partnerships, Google Inc
* Jay Marciano, President, Madison Square Garden Entertainment
* J.Y. Park, Founder and President, JYP Entertainment
* Jim Balsillie, co-CEO, RIM/Blackberry
* Amit Kapur, COO, MySpace
* Dr. Tero Ojanpera, EVP, Entertainment and Communities, Nokia

MidemNet: 17 - 18 January 2009 View MidemNet Programme
http://novagenus.com/novacast/elaunch.aspx?I=MidemNet2009A
MIDEM, the world's music market: 18-21 January 2009.
9 000 key professionals from 90 countries

The earlier you register, the less you pay.

Register now at: www.midem.com

-----------------------------------------------------------

-----------------------------------------------------------
Entrepreneur Association of Tokyo-Seminar
-Wednesday, December 3rd

Speaker: Maria Mercedes M. Corrales, Representative Director
CEO and COO of Starbucks Coffee Japan, Ltd.

Join EA-Tokyo's holiday seminar to hear Maria Mercedes
(Mercy) M. Corrales.

Mercy joined Starbucks Coffee Japan Ltd. in January 2006
and now overseas the operation of the publicly listed company
with approximately 800 coffee shops in Japan.

Prior to Starbucks 'Mercy' worked for 31 years with Levi
Strauss and Co where she held a series of key executive
positions in a number of international markets in Southeast
Asia, North Asia (including Greater China) and South America.
From 2001 through 2005, Mercy was President and Representative
Director of Levi Strauss Japan K.K. and led the publicly traded
Japanese entity to a highly profitable and successful business.
Mercy has built a reputation for strong leadership in building
world class teams, excellent business and brand management
skills, and deep understanding of different cultures and
operating environments.
Mercy has been chosen as the Business Stateswoman of 2008
by the Harvard Business School Club of Japan.

Please sign up early while seats are available.
Date/Time: Wednesday, December 3rd, 7:00 pm
Location: Shinsei Bank Head Office - 20th Floor
Language: English
Website: http://www.ea-tokyo.com

-----------------------------------------------------------

----------------- Web Hosting in Japan --------------------

With prices comparable to those available in the US, and a
full range of hosting services, there is no need to put up with
slow-downloading websites hosted overseas anymore.

With nearly 10 years experience in the Japanese market,
Tsukaeru.net provides great value for money to both the
Japanese and English speaking clients.
We provide low cost shared hosting accounts from just 210
yen per month,to fully managed complex hosting.

Customers moving from our competitors receive
up to JPY10,000 cashback on completion of migration.

http://tsukaeru.net/en
Isao 050-3533-8241

-----------------------------------------------------------

------------------ Marketing Services ---------------------

The J@pan Inc Marketing department offers
marketing and translation services to help companies
enhance their performance internationally.

Our services include:

- Professional translation and localization
- Catch copy writing
- Modern, stylish design work
- Effective PR solutions
- Targeted direct marketing

Backed by solid marketing and design experts, our staff can
provide a total creative solution, including brand enhancing
brochures, annual reports, and advertising.

A synergized concept across a broad range of media ensures
effectiveness, efficiency and performance.

Contact: marketing@japaninc.com for more details.

-----------------------------------------------------------

business