International Brexit Boardroom Series - Tokyo event | KPMG | GLOBAL

International Brexit Boardroom Series - Tokyo event

International Brexit Boardroom Series - Tokyo event

Resetting for the future: A window into the global Brexit conversation.

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As the third event in the global series of privately held events, the Financial Times and KPMG International gathered a selection of board members and business leaders Tokyo, Japan in October 2017 to discuss the strategic choices facing corporate decision-makers as they prepare for Brexit and other shifts in the geopolitical landscape. From securing talent and navigating regulatory change to rethinking supply chains, reviewing location strategies and considering data and intellectual property management, Japanese businesses are facing a challenging few years. As the UK is currently a gateway into the rest of Europe for many Japanese firms, actively planning potential strategies is vital to minimize business disruption.

Highlights of what we heard in Tokyo

  • Certainty, clarity and transparency over negotiations and the direction of the UK-EU relationship is top of mind for Japanese businesses
  • The UK may have been a gateway to Europe for Japanese companies in the past, but this has been called into doubt as a result of Brexit
  • With such uncertainty, it is hard to understand Brexit from the outside in for non-EU / UK companies – whether it be the rhetoric or the practical details - and there are a number of actions that the UK and EU governments could take to provide further support to these businesses
  • Leaders recognize that Brexit is ‘not a normal negotiation’, and although recent progress is welcomed, the lack of a clear future vision means that businesses need to be planning for the possibility of a cliff-edge scenario
  • Brexit is just one of the many challenges that businesses are dealing with, but it can be used as catalyst for planning for the future.

The event was based on a number of insightful viewpoints presented by key note speakers with governance, private and sector backgrounds. The core Brexit discussion was held in Japanese under Chatham House Rules to create an open dialogue moderated by Robin Harding, FT Tokyo Bureau Chief.

Reflections on the Brexit Boardroom discussion

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About the International Brexit boardroom series

This global program is led by KPMG International’s experts on Geopolitics and Brexit in collaboration with the Financial Times. Each of the events are co-hosted by KPMG’s national teams and UK Head of Brexit to bring both global, regional and UK perspectives into the discussions. The final event will take place in London - insights, executive summaries and video assets from the New York and Frankfurt events are available. Reach out to KPMG (mailto:go-fmgeopolitics@kpmg.com) to learn more.

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