Japanese firms are threatening to review plans to invest in the UK if the government caps immigration levels, the Japan Times reported on 20 November. Later agency reports said the Japanese Chamber of Commerce and Industry (JCCI) in the UK welcomed the announcement to exclude from the cap intra-corporate transfers who earn more than £40,000 per year and are contracted to work in the UK for at least 12 months.
Japanese firms are most worried about short-term intra-corporate transfers. An HR manager at Mitsubishi Electric Europe said: “There is a possibility that we will transfer our regional headquarters from the UK to continental Europe [if this happens]. We are thinking about such contingency plans”.