Japanese companies in UK 'already receiving offers from EU'
http://www.theguardian.com/politics...retary?CMP=Share_AndroidApp_Copy_to_clipboard
Japanese companies based in Britain have already started to receive offers from other European countries and could postpone investment decisions if Theresa May’s government fails to negotiate a close economic relationship with the EU.
That was the stark warning from Haruki Hayashi, president of the Japanese chambers of commerce in Britain and the European CEO of Mitsubishi, who said businesses needed more than “general reassurances” if his country’s investment presence in Britain was to be maintained.
Hayashi emphasised the importance of factors such as membership of the single market and customs union.
“Some examples of areas of concern for Japanese companies include validity of the single passport system, the free movement of skilled workers between the UK and different parts of Europe and whether the continuation of the current environment of uncertainty will lead the Japanese companies to postpone further investment decisions,” he told a reception organised by the Japanese embassy in London at which dozens of companies were represented.
It could also mean companies would seriously consider relocating to other countries, he added, urging the government to speak to Japanese business figures throughout the renegotiation process.
“Some Japanese companies have already started receiving offers from alternative European host countries,” said Hayashi.
“I cannot speak on behalf of each individual member of the chamber but the message coming through loud and clear is that more than general reassurances are called for at this stage to ensure that the Japanese investment presence in the UK is not diminished for lack of consultation and information sharing.”