Conservative Party, headed by the current PM, Boris Johnson, won the general election, and Brexit is lurking around the corner. But, Japan is looking to persuade the U.K for a no-deal Brexit to keep the business relations between the two countries alive.

Japan aims to avoid no-deal Brexit after U.K general election

Alfonsus Adi Putra
Politics & Economic
International
Dec 14, 2019
2031
As the result of the general election in the United Kingdom (U.K) clearly stated that the country is exiting the European Union (EU) in late January, Japanese businesses are trying to prevent worst-case scenarios.

On Thursday, the Conservative Party, ruled by the current Prime Minister of the U.K, Boris Johnson, won the general election for the parliament.

Japan’s Chief Cabinet Secretary, Yoshihide Suga, said that he and the Japanese government will do the best to make sure Japan is still in the business with the U.K and minimize the impacts of Brexit on Japanese businesses’ operations. Moreover, Suga also said that he will monitor the conditions and take whatever it takes.

Johnson still hopes to cooperate in business with the United States (U.S) and Japan for the next three years.

Japan’s largest business body, Japan Business Federation (JBF), stated that it is relieved that the U.K will also avoid a no-deal Brexit as hinted in the general election’s result. However, the JBF still needs both the U.K and EU to clarify certain changes that will happen post-Brexit.

The clarification is needed to avoid any confusion in logistics and other operations.

Should the U.K consider a no-deal departure, some Japanese businesses are considering to relocate their business. Among those was Toyota who aims to relocate its business from the U.K by 2023 in the event of a no-deal departure.

Source: https://bit.ly/2qOY2dd

Politics , Business , Economy , Trade , Bilateral , Europe , Brexit , U.K , Asia , Japan