Japanese Business Is Ready With Unclear Brexit Plans
Japanese Business is Ready with unclear Brexit Plans. The Japanese business community is fed up with the lack of certainty about the Brexit, reports one of the largest employers’ organisations in Japan.
Because of the different plans that are still on the table and the second signals from the British government, companies do not understand how to deal with the British departure from the EU.
“We can not do anything, everyone is anxious”, says Hiroaki Nakanishi, chairman of the Japanese employers’ organisation Keidanren, according to reports.
The organisation represents a lot of large companies that are also based in the United Kingdom, such as Toyota, Nissan and Honda.
The Japanese have a definite opinion on what needs to be done, “Keep the current economic situation as it is now, as far as possible, including the customs union.”
If not, it will significantly impede economic activity, according to Nakanishi.
For now, the Japanese would be happy with clarity about the Brexit.
“We talk about various outlines from no Brexit to Brexit without any transition deal with the European Union,
and we are now in a condition where we have to take each scenario into account.”
It is indeed not the very first time that the Japanese business community has been talking about the Brexit.
Two years ago, Keidanren sent a letter to the British government in which it notified of the outcomes of the Brexit.
A significant reduction in the number of direct investments and the uncertainty of companies moving to other EU countries.