If Japanese financial institutions are unable to maintain the single passport obtained in the UK, they would face difficulties in their business operations in the EU and might have to acquire corporate status within the EU anew and obtain the passport again, or to relocate their operations from the UK to existing establishments in the EU."
Which will be the same with every multinational company. If we have tarifffs and restriction of labour movement with the EU, they will need some hefty bribes to stay here.
Sweden with the 5% surplus with no deficit and mahoosive oil fund. who knew eh? feckin westminster thats who. bawbags. .
Japan ,softbank, have just this week paid £24 billion for ARM holdings in cambridge so don't think thats working out .
Doesn't mean they won't move the company abroad though if UK importing and exporting deals are not favourable if we exit the EU. That is what they are saying.
Deals written on paper mean nothing if circumstances change in the future. You can guarantee that changes to world trading rules are part of the terms and conditions. SoftBank will do what is right for them and not what is right for the UK.
Everything is Ifs and Buts in politics but there will not be a free trade deal without free movement of EU citizens. And it seems from comments this week that without those two things many companies will reconsider their status within the UK. Lloyds of London said precisely that on Monday.
Could you be thinking of Norway? If you mean a Sovereign Wealth Fund, Norway has one but Sweden doesn't. Nor oil.
