No Japanese companies plan to ditch UK as Brexit looms - Reuters poll
A separate Reuters poll of Japanese companies showed on Friday, a majority of them with links to the UK said that they do not have immediate plans to break their ties with the country and await the UK government to hammer out terms of its exit from the European Union (EU).
Key Highlights:
“Many said they would take a “wait-and-see” stance toward Brexit.
89 percent of companies with business links to Britain said they would make no change in their operations and 3 percent are actually considering expanding business in the country.
Some 8 percent planned to downsize business operations in Britain, but none of the companies surveyed planned to leave the country, the April 3-15 survey showed.
The Reuters Corporate Survey, conducted monthly for Reuters by Nikkei Research, polled 478 large and mid-sized firms with managers responding on condition of anonymity. Around 240 answered the questions on Brexit.
Of those, 61 said they had business links to the United Kingdom, and responded to more detailed questions about Brexit.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
