Japanese Telecoms Giant Opens Global HQ in London

The Japanese Government have been doing their best to stoke fears over No Deal, the foreign minister threatened both Hunt and Boris over it last week. Meanwhile Japanese businesses are just getting on with investing in the UK. Japanese telecoms giant NTT Corporation has announced that they’re opening a new global HQ for their international subsidiary in London. NTT Corp has an annual revenue of over $100 billion a year and currently employs 40,000 people. The new London-based subsidiary merges three companies into an $11 billion business. Hardly running scared of a No Deal Brexit…

NTT Corp President and CEO Jun Sawada said their commitment to the UK remains “extremely strong” and that they made a “deliberate decision” to choose London after considering several locations:

“It has many benefits, including a stable economy, wealth of skills and talent, diversity in population and thinking, strong infrastructure, schools and housing for global talent moving to the city. In short, it’s a great city to live and work in, and we’re excited that we are making it the home for our new business”.

None of which is going to change after the UK says sayonara to the EU…

mdi-timer 2 July 2019 @ 10:57 2 Jul 2019 @ 10:57 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Japan’s EU Free Trade Deal

Good news yesterday that the EU and Japan signed a huge free trade deal on Tuesday that cuts or eliminates tariffs on nearly all goods. A major boost for the global trading system that is under increasing threat from Trumpian protectionism. Trade between the EU and Japan currently stands at €86 billion…

The deal does allow for some regulatory alignment in so much that, for example, car safety and environmental standards will be aligned, Japan will also adopt international labelling standards for textiles and medical products. Something rational brexiteers can live with so long as the regulatory alignment is not restrictive of non-export goods. What the agreement does not require is for Japan to join the customs union or the single market. It does not require the ECJ’s ultimate jurisdiction, instead a mediation panel and the Dispute Settlement Body of the WTO will be the arbitration method. This is normal for free trade agreements.

Remainers can’t explain why the UK can’t have a similar deal with the EU. Anyone might think that the EU is just trying to frustrate Brexit…

mdi-timer 18 July 2018 @ 09:30 18 Jul 2018 @ 09:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments