Japanese sources have stated that European economies will be thrown into “great turmoil” if the UK and EU cannot agree on a deal foe Brexit that includes an element of free movement of labour, the Japanese government has warned and was issued on the eve of the G20 summit in China, a document entitled “Japan’s Message to the UK and EU” warns of dire consequences for “the interests of the world” if an open Europe cannot be maintained.
Sources have added that it comes with a clear warning that if those demands are not met, major companies such as Hitachi, Fujitsu and Nissan could move their European headquarters elsewhere with serious implications for the 140,000 people employed by Japanese businesses in the UK.
Meanwhile the US president has said his much-derided warning ahead of the EU referendum, that Britain would be at "the back of the queue" for a deal if it voted to leave, still stood and he has said both sides would have to work hard to prevent longstanding, positive trade relations between the US and UK.
It is also stated that businesses also fear the inevitable transfer of London-based EU agencies, such as the European Medicines Agency, which has up to now has made it advantageous for major international pharmaceutical companies to be based in the UK.
