SJCC in November 2022

Dear Members and Friends,

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The Japanese government unveiled a USD 200bn stimulus in fresh spending to ease the impact on consumers of soaring commodity prices and a falling yen, while the Bank of Japan stuck by its ultra-loose policy.

The uncertainty surrounding the global economic outlook is unusually high and the SJCC is very pleased to welcome Thomas Jordan, Chairman of the Swiss National Bank, on November 15, to talk about SNB’s view of the economic situation and address the current risks and explain the SNB’s monetary policy in this context. This exclusive prestigious dinner event will take place at the Haus zum Rüden in Zurich. Register Here
Registration is open until November 9.

This week, a delegation of the Swiss National Council Foreign Affairs Committee is visiting Japan to discuss Switzerland’s foreign economic policy. The delegation will discuss with various official representatives the dynamics of regional security, the subject of energy as well as strengthening bilateral economic relations and modernising the free trade agreement in force since 2009. The delegation is led by the FAC president Franz Grüter and includes Elisabeth Schneider-Schneiter, Roger Köppel, Hans-Peter Portmann, Andreas Aebi, Sibel Arslan, Tiana Angelina Moser, Fabian Molina and Eric Nussbaumer.  More here
We’ll report on the visit later.

Finally, save the date for the Shinnenkai which will take place on January 9, 2023. Guest speaker will be Ambassador Heinrich Schellenberg, Head of the Asia and Pacific Division at the Federal Department of Foreign Affairs in Bern.

Furthermore, I’m sending you enclosed the latest UBS Japanese Economy Report and JETRO Switzerland Newsletter.

I thank you for your continuous support of the Chamber and will be pleased to see you soon again.

Yours sincerely,

Martin Herb
President