Tokyo data claims Brexit shift to EU

UK-Japan News April 2021

A 9 March article, posted by the political news organisation Politico, reveals that, between 2014 and 2019, the number of Japanese firms in the UK fell 12 percent: from 1,084 to 951. This is in contrast with the growing number of Japanese firms moving to EU countries, such as the Netherlands, Germany, France and Italy. The figures are derived from Japanese Ministry of Foreign Affairs (MOFA) data analysed by Rudlin Consulting. Managing Director Pernille Rudlin said, “Given that this is against the trend elsewhere in Europe, it is hard to avoid the conclusion that it is a reaction to Brexit”.