Japan warns Brexit may drive banks, pharma investment to EU
Report published by Japanese task force raises worries over ease of access to unskilled labour, tariff protection
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Tokyo
JAPAN has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away from the EU.
In a 15-page report published on the eve of a summit of the Group of 20 big economies in China, a Japanese government task force formed to respond to "Brexit" also warned of a possible outflow of drug research and development investment from Britain, though it said that it expected the British government to handle its exit from the bloc smoothly.
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