Tuesday, August 28, 2018

'Everyone is seriously concerned': 2 years after its viral Brexit letter, Japan is back with another dire warning on leaving the EU

rtr3vkww-1.jpgReuters/Issei Kato

"Everyone is seriously concerned," Hiroaki Nakanishi, the head of Japan's biggest business lobby has warned on Brexit. Nakanishi said that Japanese businesses, as well as other foreign firms, urgently need clarity over the shape of Brexit. He also said Japanese businesses are particularly frustrated by the lack of a united position from the government on Brexit.  Japanese firms, including automakers Nissan, Toyota, and Honda, employ thousands of staff in the UK. The intervention from Japanese business comes almost two years on from the country's viral Brexit letter to the UK.

Japanese businesses with a collective UK workforce of hundreds of thousands of staff are once again sounding the alarm on their fears of widespread economic damage post-Brexit, unless clarity is achieved by Prime Minister Theresa May and her government as soon as possible.

Two years on from the famous viral letter to the British government from the Japan Ministry of Foreign Affairs, Japanese businesses are once again raising the alarm about the impending negatives of Brexit, which would impact not only their businesses, but also the wider UK economy.See the rest of the story at Business Insider

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See Also:

Police have identified the suspect in the deadly shooting in Jacksonville — here's what we know about himCard payments to the EU would cost more under a no deal Brexit — and it means your Ubers could get more expensiveThere's a counterintuitive argument that preparations for a nightmare Brexit will actually be good for the UK economy

SEE ALSO: A 10% fall in the pound, a surging FTSE 100, and a drastic move from the Bank of England: here's how markets will react to a no-deal Brexit

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