On 10th January, Japan’s Prime Minister Shinzo Abe is presumably going to request British Prime Minister Theresa May to do her best in order to avoid a chaotic Brexit exit. Some of the leading Japanese companies fear that if that happens it can lead to a collapse or a severe setback.
Japanese firms have spent over 46 billion pounds ($59 billion) in Britain, inspired by consecutive British governments since Margaret Thatcher assuring the companies a business-friendly base from where they can carry out trade all across Europe.
However, the future of Brexit remains doubtful. With choices ranging from a messy exit from the EU to another membership referendum, as British legislators are supposed to reject the deal that May reached with the EU in November.
Although, Abe accepted the deal in November and shareholders fear that if it is voted down then the fifth largest economy of the world would plummet into a no-deal Brexit that would extremely disturb supply chains.
Before the meeting, it was announced that Abe and May would be discussing the economic chances that is available for both countries as the U.K. pulls out from the European Union.
May stated that the U.K. and Japan are natural partners. As the U.K. gets ready to depart the EU, Britain would boost their horizons for the rest of the world. UK’s relationship with Japan is growing stronger day by day and his visit will strengthen assistance over a wide range of areas.
However, for Abe, Britain’s trading relationship with Europe after Brexit will be priority on their agenda. He informed reporters before making his way to Europe that he would disclose Japan’s stance on Brexit to PM May
When the two last met during the G20 summit in Buenos Aires in December, Abe called for May’s support in order to avoid a “no deal” and to guarantee clarity and legal stability during the process.
Koji Tsuruoka, Japan’s ambassador to Britain, circulated a candid caution about Brexit in February when he stated Japanese companies would have to leave Britain if trade barriers made the situation.