In These New Times

A new paradigm for a post-imperial world

Japan ambassador’s Brexit warning: there won’t be a deal better than the single market

Posted by seumasach on April 22, 2018

Guardian

22nd April, 2018

“We have 1,000 companies operating in the UK today funded by Japanese capital,” he says. “It accelerated after Margaret Thatcher promoted the UK as the ‘gateway to Europe’ for Japanese firms. The total Japanese investment to the EU’s 28 countries is of course huge, but out of 28 countries the UK alone now absorbs about 40% of total Japanese investment destined for the EU.” This account of a relationship that strengthened year after year – in a period during which the UK was in the EU – raises a very obvious question. Will it continue to thrive after we have left? He replies decisively. “One thing I can say for certain, based on fact, is that the companies operating today in the UK are not expanding their investment in the UK today.”

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