PressTV-Japan warns UK of ‘unprofitable’ trade after Brexit

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Japan’s ambassador to London says Brexit is a high stakes issue and warns that Japanese companies will not be able to stay in Britain if trade obstacles after Brexit made them unprofitable.

“If there is no profitability of continuing operations in the UK – not Japanese only – then no private company can continue operations,” Koji Tsuruoka told reporters on Downing Street on Thursday after a meeting between British Prime Minister Theresa May and 19 top Japanese bosses, including Nissan, SoftBank and bank Nomura.

“So it is as simple as that. This is all high stakes that all of us, I think, need to keep in mind,” he added.

Britain’s Prime Minister Theresa May (6R) hosts a roundtable with Japanese investors in the UK at 10 Downing Street in central London on February 8, 2018. (Photo by AFP)

Japanese companies have spent some 56 million dollars (40 billion pounds) in Britain since the late British Prime Minister Margaret Thatcher had promised them…

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