Japan Brexit warning

Advanced Search

The story appears on

Page A5

September 5, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Japan Brexit warning

Source: Agencies | September 5, 2016, Monday |

Print Edition

JAPAN has warned Britain that its exit from the European Union could prompt Japanese financial institutions, carmakers and pharmaceutical companies to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU.

In a 15-page report published on the eve of a summit of the Group of 20 big economies in China, a Japanese government task force formed to respond to “Brexit” warned that Britain may become an increasingly “unattractive” place for business, though it said it expected the British government to handle its exit from the bloc smoothly.

Recent economic data suggests the economic impact of Britain's vote to leave the EU has not been as severe as some predicted, although British Prime Minister Theresa May yesterday said its economy will suffer as a result of the decision.

The Japanese report, published on the Foreign Ministry's website on Friday, cites numerous concerns about the impact of the landmark vote.

Business Finance

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Japan Brexit warning

Email this to your friend