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Japan asks UK for reassurance after 'Brexit' vote

Monday, June 27, 2016 - 00:43

Japan asks the UK to reassure them that Japanese companies will be able to continue operating in their country, following Britain's vote to leave the EU. Rough cut - subtitled (no reporter narration).

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ROUGH CUT - SUBTITLED (NO REPORTER NARRATION) Japanese Foreign Minister Fumio Kishida on Monday (June 27) asked the United Kingdom to assure that more than a thousand Japanese companies can continue to operate in the UK as before, despite the nation's historic vote to leave the European Union. Kishida said over 1,000 Japanese companies had chosen the UK due to the quality of its labour, infrastructure and the fact that it was part of the European Union. The Bank of Japan does not need to expand monetary stimulus immediately if the market turbulence caused by Britain's vote to leave the European Union proves temporary, a former central bank executive said on Monday. But Japan holds the right to intervene in the market to stem sharp yen rises based on a shared understanding among G7 and G20 nations that excessive currency moves are undesirable, said Kazuo Momma, who was the BOJ's executive director overseeing international affairs until May.

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Japan asks UK for reassurance after 'Brexit' vote

Monday, June 27, 2016 - 00:43