Third of Japan companies based in UK fear Brexit will hurt business. 10% will reduce presence in UK. None are going to expand. 1/ https://asia.nikkei.com/Politics/International-relations/Third-of-Japan-companies-fear-Brexit-will-hurt-business-survey

As I said in my remarks to @japansocietylon earlier this week, the biggest concern is impact Brexit will have on UK economy, 2nd is adapting to new laws and regulations. 2/

Four Japanese companies in the UK financial services sector said they would shrink their business. "We have had to decrease the size of our U.K. operations and establish a new base in Europe for our EU business," said one. 3/

Nikkei cites EY's Financial Services Brexit tracker estimates that over 1.2 trillion pounds' worth of assets had been announced for transfer from the U.K. to the EU by October 2020. 4/

Biz opportunity for UK automotive suppliers - Toyota valued the FTA for minimizing the negative impact on its European operations - is looking to revise their supply chains and increase British-made components. 5/

About 21% of Japanese businesses in UK were either "somewhat dissatisfied" or "dissatisfied," with British govt Brexit approach while 19% were either "somewhat satisfied" or "satisfied." 44% satisfied with Japanese got approach. 6/6