Brexit opposed by Japan Inc. as $59 billion rides on referendum - BBG

As Bloomberg reports on Tuesday, Japan’s PM Shinzo Abe along with top Japanese executives favour Britain’s membership with EU, as a Brexit vote on June 23rd referendum in the UK would put $ 59 billion at stake for Japan Inc.

 Bloomberg adds, “That’s the amount Japanese companies have invested in the U.K., which benefits more from Japanese investment than any other country outside Europe apart from the U.S., according to figures compiled by the Japan External Trade Organization.  More than 1,300 Japanese companies -- including Toyota Motor Corp., Hitachi Ltd. and Nissan Motor Co. -- employ over 140,000 people in the U.K., Prime Minister David Cameron said last month.”

During a visit to London last month, PM Abe said a UK outside the EU would be “less attractive” to Japanese investors.