Japan has warned that the U.K.'s planned exit from the European Union could drive Japanese companies out of the country. Many Japanese corporations have invested heavily in the U.K., including global banking giant Nomura (NMR) and top automakers Toyota (TM), Nissan (NSANF) and Honda (HMC). In a 15-page memo made public Sunday during the G20 summit in China, Japan laid out its companies' demands for how the U.K. handles its "Brexit" from the EU. Japanese financial firms could go elsewhere in the EU in order to obtain the passport, the memo said. The extra charges and bureaucracy would have "a significant impact on their businesses," the Japanese memo warns.

Source: CNN September 05, 2016 03:45 UTC