Japan sees the United Kingdom as "a portal to Europe," according to a government report discharged today. Now it needs to know regardless of whether this portal is closing. In the report, released today towards the beginning of the G20 meeting of leaders in Hangzhou, China, a Japanese government team conveyed a notice to the UK and the notion that it voted to leave.
The 15-paged pdf file is titled 'Japan's Message to the United Kingdom and the European Union,' and clarified that Japanese companies want an explanation, and they want it quickly
"Uncertainty is a major concern for an economy; it evokes a sense of anxiety, causing volatility in markets, and results in the contraction of trade, investment, and credit," the report's authors compose. "What Japanese businesses in Europe most wish to avoid is the situation in which that they are unable to discern clearly the way the BREXIT negotiations are going, only grasping the whole picture at the last minute."
Japan has a ton of involvement in the Brexit game. Almost 50% of Japan's EU investment flowed into the UK in 2015, the report says. Nissan, a car company, has its European design and research divisions in the UK. Nomura, an investment bank, has its European HQ in London and other budgetary firms. Honda, Mitsubishi, and Daiwa all have operations in the country.
The government message incorporates detailed requests from companies in the automotive, pharmaceutical, and banking sectors. They want to make certain that workers will remain available both now and in the future, that parts and completed cars won't be taxed twice, that skilled bankers will have flexibility, and that drugs regulation won't be destabilized. Theresa May, the new Prime Minister of the UK who came to power after the Brexit vote, will have a lot of problems to solve in her upcoming meetings.
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