Posts Tagged ‘Japan’

Japanese bank blames Brexit for move to Amsterdam

Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal

One of Japan’s largest banks has blamed Brexit for its decision to move part of its business to Amsterdam, 24 hours after Theresa May sought to enlist the Japanese prime minister in the fight to save her deal with the EU.

Norinchukin bank announced plans to set up a wholly owned subsidiary in the Dutch capital, a move that critics of the prime minister’s deal cited as evidence that both a no-deal Brexit and her deal were likely to damage the UK economy.

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Japanese PM implores Britain not to leave EU without a deal

Shinzō Abe says ‘the whole world’ wants the UK to secure an agreement

Japan’s prime minister has implored the UK not to leave the EU without an exit deal, saying it was “the wish of the whole world” to see Britain secure an agreement.

The remarks from Shinzō Abe on a visit to London came as two cabinet ministers, Greg Clark and Gavin Williamson, traded blows over the viability of a no-deal.

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May hopes Japanese PM will back Brexit stance in London visit

Shinzō Abe will first visit the Netherlands, where many Japanese firms are relocating ahead of Brexit

Japan’s prime minister, Shinzō Abe, who is to meet Theresa May in London on Thursday, will underscore the damage Brexit is likely to have on Japanese investment in Britain by first visiting the Netherlands, the country to which many UK-based Japanese firms are redeploying ahead of the UK’s departure from the EU.

The choice of the Netherlands as the other stop on Abe’s mini-European tour is not a coincidence since he will also be given a chance to be briefed on how a no-deal Brexit could clog the flow of trade into Rotterdam, the main gateway for Japanese and British firms into the EU single market.

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