Japanese businesses with links to Britain say they have no immediate plans to fl...
TOKYO - Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found.
Britain’s decision to leave the EU has raised concern in London that Japanese companies may shift operations elsewhere if tariff-free trade ends with the rest of the European bloc. However, in written comments many firms said they would watch Brexit developments “for the time being,” suggesting that they could leave if Brexit proves bad for business.
The Reuters Corporate Survey, conducted monthly for Reuters by Nikkei Research, polled 478 large and mid-sized firms with managers responding on condition of anonymity. Around 240 answered the questions on Brexit. After the shocking 2016 Brexit vote, Japan expressed fears about a cliff edge that could disrupt trade when Britain formally leaves the bloc.
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