Japan warns UK PM rivals: no-deal Brexit could end our investment honeymoon

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Japan warns UK PM candidates: We don't want a no-deal Brexit.

LONDON/TOKYO - Japan on Thursday cautioned the two candidates vying to replace Prime Minister Theresa May that a no-deal Brexit would be so disruptive for many companies that Japanese capital's 35-year honeymoon with Britain could end.

"I have communicated with them that Japan wouldn’t want no-deal Brexit. So we hopefully Brexit could be done through ordinary and calm way." "Please, no no-deal Brexit," Kono told the BBC."Some companies are already starting to move their operations to other places in Europe." Carmakers have been particularly vociferous in their opposition to a no-deal Brexit due to fears over tariffs of up to 10% on vehicles, customs delays and new bureaucracy which could cripple just-in-time production practices.

 

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