About Pernille Rudlin

Pernille Rudlin was brought up partly in Japan and partly in the UK. She is fluent in spoken and written Japanese, and lived in Japan for 9 years.

She spent nearly a decade at Mitsubishi Corporation (the Fortune 100 $190bn Japanese investment and trading conglomerate) working in their London operations and Tokyo headquarters in sales and marketing and corporate planning and also including a stint in their International Human Resource Development Office.

More recently she had a global senior role as Director of External Relations, International Business, at Fujitsu, the leading Japanese information and communication technology company and the biggest Japanese employer in the UK, focusing on ensuring the company’s corporate messages in Japan reach the world outside.

Pernille Rudlin holds a B.A. with honours from Oxford University in Modern History and Economics and an M.B.A. from INSEAD and she is the author of several books and articles on cross cultural communications and business.

Since starting Japan Intercultural Consulting’s operations in Europe in 2004, Pernille has conducted seminars for Japanese and European companies in Belgium, Germany, Italy, Japan, the Netherlands, Switzerland, UAE, the UK and the USA, on Japanese cultural topics, post merger integration and on working with different European cultures

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Here are my most recent posts

Calsonic Kansei – moving from “how” to “what”

American private equity companies such as Bain and KKR have been active in Japan recently, making me wonder whether the companies they acquire should no longer be classified as “Japanese”. Bain are about to take on WPP’s stake of Japanese ad agency ADK and led the consortium which acquired Toshiba’s chip business. KKR recently completed its acquisition of Calsonic Kansei from Nissan and two businesses from Hitachi (power tools and chip making).

The members of the Bain and KKR teams that undertook the acquisitions are mostly Japanese nationals, but a recent article 院Nikkei Business about how Calsonic Kansei is developing since the acquisition shows that they are trying to inject a more Anglo Saxon way of thinking.  When it was still under the Nissan umbrella, its main focus was how to respond to Nissan’s requests.  “Now, it is not ‘how’ but ‘what’ that is important ” says Kazuhiro Sato, in charge of product planning.

Calsonic Kansei is aiming to raise its non-Nissan customer base from 20% to 30% and is hoping to do this through developing new technologies for electric vehicles, such as air conditioning – building on its experience of developing components for Nissan’s Leaf.

Calsonic Kansei has also launched a cyber security subsidiary White Motion as a joint venture with French company Quarkslab.

Calsonic Kansei have around 2000 employees in Europe, the bulk of which are in the UK (making it #18 in our Top 30 Japanese UK employers), where there are two factories resulting from the acquisition of Llanelli Radiators in 1989 and Marley Foam in Sunderland – it also has factories in Romania and Spain.

Calsonic Kansei is the result of a domestic merger of Calsonic (air conditioning) and Kansei (display meters) in 2000, the year after Carlos Ghosn took over at Nissan and declared that only 4 of the 1394 companies that Nissan had shares in were “indispensable”.  Which the 4 companies were was not clear, but Calsonic and Kansei were not among them.

Calsonic Kansei fought back by adopting the “cockpit module” concept which had become popular in Europe, to the extent that they even installed production lines for it in Nissan factories.  Nissan then increased its share in Calsonic Kansei in 2005.

However Ghosn continued with his open procurement policy and it became clear to Calsonic Kansei too that becoming too dependent on one customer was not healthy or conducive to high growth.  When the capital alliance with Mitsubishi Motors was formed in 2016, Ghosn also talked to Roberts and Kravitz at KKR about selling Nissan’s share in Calsonic Kansei.

Calsonic Kansei might still be swallowed up in further industry restructuring.  It is several orders of magnitude smaller than giants such as Bosch or Denso.

Calsonic Kansei’s president Hiroshi Moriya says although there was anxiety at first when KKR became the new owners, since then as sales to Nissan have not decreased and KKR is helping the company to find new people to build relations with overseas customers, employee motivation has improved and they are looking for new ways to revitalize the organisation, such as joint project teams between Japanese and non-Japanese engineers.  “It is important not to fear failure and to be ambitious.  What is important is speed.  I keep telling everyone in the company that mistakes can be fixed.”


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Mizuho’s cure for headaches in the back office

With over 1000 employees in its London operations, Mizuho is #26 in our Top 30 Japanese employers in the UK, although it has not made any overseas acquisitions recently which might boost its size in the UK, unlike other Japanese financial institutions.  However it has been building up a war chest to acquire fintech companies – although what impact it will have on its employees is ambiguous, as the Financial Times claimed last month that Mizuho is aiming to shed around a third of its global workforce over the next ten years, through greater use of information technology.

This looks to affect the operations in Japan primarily, and will be through natural attrition as Japan’s rapidly ageing population means a large number of banking staff will in any case be retiring.

Mizuho Financial Group president Yasuhiro Sato has been very visible in the Japanese business media over the past few months, talking about the next phase of banking.  Mizuho was the result of the merger of Fuji Bank, Daiichi Kangyou Bank and the Industrial Bank of Japan in 1999, which in itself caused major headaches in the back office as it tried to integrate three different IT systems and multiple duplicate layers of bureaucracy, that are hard to eliminate in a culture where mass redundancies are taboo.

Sato says his strategy of One Mizuho is the answer to both the post merger integration and also the challenges that banks face post Lehman Shock.  One is to strengthen core capital, to ensure that major banks can never collapse again and the second is to ensure customer oriented business operations, as a financial intermediary rooted in real customer demands, with a strong sense of fiduciary duty.

One Mizuho should mean that customers are not simply offered loans or interest on their deposits but also other non-interest based investments, from the trust and securities side of the business.  The bank needs to become more like a consultant, listening to customers’ hopes, understanding their family structures.

Instead of acting as a main bank to Japanese industry as in the past, Mizuho is looking to incubate new companies and foreign companies, taking a 15% stake in a fintech venture.

Mizuho’s USP is that it is not a zaibatsu originated bank (unlike MUFG (Mitsubishi) and SMBC (Sumitomo and Mitsui) so it has a neutral view on Japan’s industrial structure which means that its industry research division is often called on by suppliers who want to bridge the various keiretsu (conglomerate) supply chains.

Mizuho has also teamed up with SoftBank to create J.Score, a service which provides loans to individuals such as students, using personal, non-financial information to give credit scoring.

Sato justifies the Mizuho mission of “Contributing to Japan, Asia and the world” (which I have to admit, I have teased Mizuho employees about, as it seems to imply in English that these are separate non-overlapping entities) by explaining that Japan is the pivot for the megabank and is Mizuho’s homeland.




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Japanese top executive pay still low, unless you’re foreign – or selling wigs or pachinko machines

Pachinko machines

I often illustrate that Japanese companies are the “last functioning socialist organisations” in my seminars by pointing out that although they are very hierarchical, the top executives of Japanese companies only earn 10 or 20 times the average employee’s salary, compared to 160 times in the UK for FTSE 100 companies and more than 300 times in the USA for Fortune 100 companies.

Toyo Keizai have confirmed that this multiple still holds, by listing the highest pay differentials for TSE listed companies.  The top 10 include new technology companies such as LINE (mobile apps subsidiary of Korean internet company Naver) at #1 with a multiple of 165 between staff and director salaries and Nexon (Korean owned video games company) at #2 with a multiple of 57.7 as well as founder run companies such as Fast Retailing (Uniqlo) at #3, with a multiple of 31.4.

Foreign executives head up Nissan at #4 and Takeda at #5 – both with multiples of just over 29. The rest of the top 10 are around the 20-25 x mark with Sankyo and Universal Entertainment – both pachinko gambling machine companies at #6 and #8 and Art Nature ( a wig manufacturer) at #7. Electronics company Tokyo Electron and chain restaurant company Skylark (Chairman Ralph Alvarez ex President McDonalds) at #9 and #10.

Toyota is at #14 and after #15, multiples are below 20 and cluster around the 10x mark for established companies that are in our European Top 30 such as Sony, Daikin, Panasonic, Itochu, Astellas – through to Canon bunched with 8 others at the bottom of the Top 500 with a multiple of around 6 between employees and directors.

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Has Toyota changed culturally as a result of alliances with Uber, Microsoft, Nvidia?

“Has Toyota Changed?” is the headline front cover article for Nikkei Business magazine (16th October 2017).  It features 100 testimonies from people from the traditional Toyota group of companies, and also those companies with which it has a relationship either through investment or collaboration.

It’s a reminder of the huge influence and reach Toyota has – including in the EMEA region, as blogged previously. But it also illustrates how the advance of IT in the automotive industry means the balance of power is becoming more equal between Toyota and its suppliers, if they have the software and AI know-how it needs.

I’ve become increasingly aware of this shift myself. I was conducting a seminar for graduates at a supplier in the Toyota group in Spain recently – most of the graduate trainees had post graduate degrees in computer science. The silent, gleaming factory where we held the seminar made circuit boards and we all had to wear hairnets and anti static boots – to an industry outsider visiting, you would never have known it had anything to do with cars.

The Nikkei providers a useful summary of the extent of Toyota’s reach:

Getting guchoku with Nvidia

One of the testimonies is from Masataka Ohsaki, country manager of Nvidia Japan.  He says Nvidia’s CEO Jensen Huang visits Japan every three months and meets with around 20 Toyota executives for discussions and to review progress.  “He’s an engineer, so he expresses his opinions very clearly…we are not just a sub contractor to Toyota, we are equal partners…we have to express our opinions, otherwise we cannot develop the high performance software needed for Toyota to use our Xavier AI supercomputer.”

“In the AI world you have to be able to express your thoughts clearly – “if you do this you will improve performance” or “you can cut costs” or “it will be safer”.  Of course it is not easy for Toyota to accept opinions from other cultures straight away, but it is important to debate.  It might make them feel uncomfortable to treat us as equal partners, but we have completely different technical skills to them, so there is no alternative.  Toyota has understood that in partnering with us we have to be “guchoku” (frank, tactless, simple honesty) in exchange of opinions.  I expect some Toyota people are confused by Nvidia’s stance, but many have accepted it positively.  Because we are in an era of disruptive technology, Toyota has decided that it has to be of the mindset that can engage with a different culture like ours.”


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Top 30 Japanese companies in UK grew in 2016, look set to shrink in 2017

The 30 largest Japanese companies in the UK employed over 80,000 people in the UK in 2016, a 7% increase on 2015.  Less than a third of the annual results are in for 2017 but it seems this growth is not going to continue – in fact total employment at the 9 companies for whom figures are available so far shrank by 7.5% 2016-2017.

The Top 30 represent more than half the employment (140,000) commonly attributed to Japanese companies in the UK.  Two thirds of them have built upon major acquisitions.  The most notable entrant into the Top 30 in 2016 was SoftBank after its acquisition of ARM.  Acquisitions also accounted for the rapid growth in 2015/6 of Dentsu and of the MS&AD insurance group, who bought Amlin and Insure the Box.

The main new entrant for 2017 will be Sumitomo Rubber, who completed their acquisition of Micheldever, the UK based tyre suppliers, in February 2017.

But this is not enough to counterbalance the shrinking of Japanese service sector companies in 2017 – namely Fujitsu, Nomura, Fast Retailing (Uniqlo) and Yusen Logistics, part of the NYK Group.  SoftBank made good on their promise to increase their UK workforce, and automotive manufacturers such as Yazaki and Calsonic Kansei expanded in 2017, but Toyota cut back their workforce.

We won’t know the full picture for 2017 until mid 2018 and it’s hard to speculate whether any of this is Brexit related, or more to do with a long term regional re-balancing and restructuring, where multinationals integrate their back offices in the region into lower cost locations, and at the same time the management layer becomes more evenly dispersed, as teams become virtual, and move according to where key customers are based.

The ranking for 2016 is below.  For more detail on trends over the three years from 2015-2017 and how the numbers relate to global and European totals, as well as the history of Japanese M&A in the UK, please subscribe to our premium newsletter or contact Pernille Rudlin (pernilledotrudlinatrudlinconsultingdotcom) for details of corporate subscriptions and customised reports.

Top 30 Japanese employers in the UK in 2016     (October 2017)
Rank Company UK employees y/e 2016
1 Fujitsu 9,849
2 Nissan 7,657
3 Itochu 6,697
4 Honda 5,430
5 Ricoh 3,702
7 Hitachi 3,484
8 Mitsubishi Corp 3,482
6 Toyota 3,233
9 Sony 2,937
10 Canon 2,744
11 Dentsu 2,571
12 Nomura 2,468
13 NSG 2,167
14 Mitsubishi UFJ Financial Goup 2,100
15 Denso 1,925
16 NYK Group 1,919
17 SoftBank 1,749
18 Calsonic Kansei 1,729
19 Konica Minolta 1,613
20 Sumitomo Corporation 1,405
21 Olympus 1,362
22 Yazaki 1,345
23 Brother Industries 1,254
24 Fujifilm Holdings 1,247
25 Unipres 1,237
26 Fast Retailing 1,100
27 Mitsui Sumitomo & Aioi Nissay Dowa 1,089
28 JT Group 1,086
29 Kao 915
30 Mitsubishi Electric 865
 TOTAL 80,361


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The second Ghosn shock: Mitsubishi Motors

The first Ghosn shock happened in 1999 when Carlos Ghosn became COO of Nissan and decided the survival of Nissan necessitated a radical paring back of the number of suppliers and smashing up the vertical keiretsu (enterprise group) that had been built up around it, largely in the Okayama region of Japan.  Around 90% of automotive suppliers lost work, but were saved by the fact that Mitsubishi Motors also had a major factory in the region.

Although Masuko Osamu, CEO of Mitsubishi Motors said, when Mitsubishi came under the umbrella of Nissan in 2016, that this would be a plus for automotive suppliers, because it would increase the number of orders they would receive, this has turned out not to be the case, according to Nikkei Business magazine.

The Renault Nissan Mitsubishi alliance is meant to bring cost savings and synergies, whilst bringing them into the top 3 car manufacturers.  Each of the three brands shares their technology on electric vehicles, driverless cars, IoT, parts and platforms, centralises purchasing, selects the technologies that they want and then develops their own models, targeted at different customer segments.

The Nikkei illustrates the article with a map showing the relative regional production concentrations of each brand – Renault, with 29 factories stretching from north western Europe down to India, and another cluster in Latin America, Nissan’s 41 factories covering Africa, Australasia, Asia, USA and Brazil, and Mitsubishi Motors’ 17 factories mainly concentrated in Asia, Russia and Brazil.

This heralds the beginning of the “Virtual Major [company]” according to the Nikkei – they do not actually merge, but work collaboratively in each region as if they were one company.  Which sounds great on paper, but I sense a lot of work for us cross cultural communication consultants arising from it!



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Giving feedback is not just a language issue

There has been a marked increase in the number of clients asking me to provide training for Japanese expatriate managers in Europe on giving feedback and performance appraisals. I’d like to think this is because our marketing is having an impact – but on talking to the HR departments of our customers, it seems they have become aware of an increasing number of workplace conflicts between Japanese managers and their teams.

European employee dissatisfaction with Japanese managers’ feedback style is not a new issue. Complaints usually include that no feedback is given, or only negative or quantitative feedback. I usually explain that giving feedback is not as embedded in Japanese workplace culture as in Europe. Also, Japanese employees are used to working collaboratively as a team rather than having individual performance evaluated. The best employees are deemed to be the ones who look to improve themselves without having to be told.

I remember when I was working in Japan in the 1990s, many Japanese companies started introducing seika shugi (performance based systems) but often not very successfully. Evaluating individuals ended up destroying the collaborative, knowledge sharing work environment that is one of the strengths of the Japanese workplace.

The Japan HQ appraisal systems that have developed since the 1990s are much more quantitative than European systems. The manager gives numerical scores not just for performance and achievement of objectives, but also of behaviours, mindsets and competences. In Europe, we usually just give qualitative assessments of the latter, such as “meets expectations” or “exceeds expectations” or “below expectations”.

I suppose the Japanese quantitative approach seems more objective, and less personal. Numbers can be analysed across the whole company, and are not subject to interpretation or language barriers.

European managers use qualitative appraisals to stimulate a dialogue about what expectations they have for each individual and then come to an agreement on development opportunities for individual employees in terms of support that they need from the manager, training needs and potential career paths.

The norms of the workplace are rooted in our educational systems

My experience of the Japanese education system is that exams are of factual knowledge and knowing how to do something, often using multiple choice tests. Such exams assume there are clear right and wrong answers.

European education focuses more on critical thinking and understanding the reasons behind something. Exams are essay based, even in science. Scores are partly on getting the facts or the methodology right, but also on the quality of your arguments and the evidence you bring to prove your point.

Consequently, European employees do not unquestioningly accept numerical scores for individual behaviours, mindset and competences. They expect a manager to set clear expectations, give regular feedback and then be able to explain, with evidence, why the employee has met or not met them when challenged. The millennial generation is particularly demanding in this respect.  No wonder Japanese managers need training on this – it’s not just a language issue.

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Japanese companies divest as well as invest in Europe

The eagle eyed will have spotted that our revised ranking below for the top 30 largest Japanese employers in Europe for the year ending 2016 is not quite in rank order.  Only a third of the reports covering the financial year ending 2017 are available but based on what we can dig out, we can say that acquisition hungry Nidec have topped 10,000 employees in Europe so will be higher than their 2016 ranking.  Dentsu Aegis have also been gobbling up agencies and Bridgestone has acquired a couple of tyre companies in France.

Some of the more established technology brands have been acquiring around Europe too such as Panasonic (Ficosa in Spain, Zetes in Belgium), Konica Minolta (Mobotix in Germany, Dactyl & OMR in France) and Sony (eSaturnus in Belgium, Plumbee and Ministry of Sound and TruTV in the UK).

At the same time, Japanese companies are beginning to consider exiting investments, which is a relatively new development.  Some have had this forced on them of course, like Toshiba selling Landis & Gyr and Westinghouse. Lixil was a new entrant into the top 30, having acquired Grohe, the German bathroom company and Permasteelisa, the Italian construction company but is now in the process of selling the latter to a Chinese company. “It may have been forced to sell assets it had trouble integrating” according to a source quoted in the Financial Times.

Hitachi, having acquired German company Metabo in 2015/6 is now selling it off with the sale of its power tools division to KKR.

Toshiba may well fall out of the rankings as a consequence of selling off its businesses and Takata may no longer qualify as a Japanese company, as it is about to be acquired by Chinese company Key Safety Systems.

For the full report of the M&A activities of the biggest Japanese companies in Europe, please subscribe to our premium newsletter or contact Pernille Rudlin (pernilledotrudlinatrudlinconsultingdotcom) for details of corporate subscriptions and customised reports.


Rank Company Total EMEA employees y/e 2015 Total EMEA employees y/e 2016 % change
1 Sumitomo Electric Industries 56477 56273 -0.36%
2 Yazaki 45200 47600 5.31%
3 Fujitsu 29467 28707 -2.58%
4 Canon 22356 24826 11.05%
5 Hitachi 11759 19984 69.95%
6 Ricoh 18525 18643 0.64%
7 NTT Data 15000 18000 20.00%
8 Toyota 19118 17445 -8.75%
9 Asahi Glass 14563 16153 10.92%
10 Nissan 16535 16149 -2.33%
11 Toyota Tsusho* 15500 15750 1.61%
12 Denso 14489 15646 7.99%
13 JT Group 12150 15516 27.70%
14 Dentsu* 11000 15000 36.36%
15 Bridgestone (only for Europe) 12255 12932 5.52%
16 Takata 12518 13400 7.05%
17 Sony 13170 12530 -4.86%
18 NSG 12043 12358 2.62%
19 Nidec 3994 4545 13.80%
20 Konica Minolta 9048 9824 8.58%
21 Panasonic 10163 9981 -1.79%
22 Toshiba 11060 9923 -10.28%
23 Lixil 2298 8743 280.46%
24 Honda 8597 8111 -5.65%
25 JTEKT 7262 7292 0.41%
26 Itochu* 7200 7200 0.00%
27 Daikin 6774 7175 5.92%
28 Kyocera Group 7159 7338 2.50%
29 Fast Retailing 5240 6450 23.09%
30 Olympus* 6400 6400 0.00%
TOTAL 437,320 469,894 7.45%


*Best estimate as figures not disclosed in annual report

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Japan’s megabanks most popular with Japanese graduates, electronics companies making a comeback

Japanese companies’ investment in their brand marketing, particularly their websites, may have more to do with attracting graduates from Japanese universities than attracting new customers in my experience.  Given that lifetime employment is still crucial to the big traditional companies (and still something many graduates aspire to), this is not surprising.

So Toyo Keizai’s survey of how the current graduate job seekers in Japan rate potential employers at the beginning and end of the recruitment process is a good indicator of the health of the brand and how well it was communicated to the job seekers.  This year the megabanks such as Mizuho (#1) and MUFG (#3)  are still in the Top 3 most highly rated employers even after the recruitment process, along with travel sector companies like ANA, JAL and JTB.  Other financial services companies like Nomura, Daiwa and Sompo are also in the top 10 with the other megabank, SMBC at #11.  This is much in line with the previous years’ graduates’ rankings.

Toyo Keizai notes that food and beverage companies seem to be increasing in popularity – Morinaga, Kagome and Kikkoman have all become more popular during the process and compared to last year.  Other major companies whose ratings improved dramatically over the recruitment process (so people got to like them once they met them) and are also more highly rated this year than by the previous year’s graduates include Panasonic (up to #39 from #156 last year at the beginning of the process), Mitsubishi Electric (#41 from #154) and Toyota (#35 from #57) and Fujitsu (#47 from #210).

Trading companies such as Mitsubishi Corp, Mitsui, Sumitomo Corp and Itochu whilst still in the top 50, seem to have lost popularity compared to last year.

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Japanese companies should put their hard Brexit contingency plans into action now

“Don’t give up on expressing your concerns to the British government, but also start putting your contingency plans into action now” was the response from Haruki Hayashi, CEO of Europe & Africa for Mitsubishi Corporation to a question at the end of a lunch seminar in London I attended earlier this month, along with 150 mostly Japanese business people.  The question had been “if we won’t know until October 2018 the likely shape of the agreement between the UK and the EU, won’t it be too late to put our contingency plans into action by then, in time for March 2019?”.

To another question regarding the possibility of a second referendum, Hayashi responded – “however desirable, might it not have the same result? And aren’t the British too proud to have a second referendum?”

Hayashi’s speech was a geo-political, economic and risk analysis of the impact of Brexit.  He started by hinting that the meeting between Ambassador to the UK Tsuruoka (who was present at the lunch) and the Japanese Chamber of Commerce and Industry in the UK (JCCI UK) that morning had been encouraging – that the ambassador said Theresa May’s visit to Japan had been fruitful in the sense of being a reaffirmation of a common vision on security, economic issues and global partnership and also that there was clear agreement that the EU Japan agreement would be the basis for a quick agreement between UK and Japan.

But then he shared a classic Mitsubishi Corporation political (including security, business environment) risk versus economic impact matrix, plotting the key countries in the EU along with Japan.  Unsurprisingly, he predicted the UK economic impact to decline and political risk to increase from its current position clustered with France, Germany, Japan, Italy, Spain and Poland.

“London is the UK”- and up until now, the UK was the EU for Japanese expats

Nonetheless, from Japan’s perspective, the UK is currently so dominant in terms of Japanese presence in the EU, it will take a while for this to unwind.  I hadn’t realised quite how dominant in terms of where Japanese themselves are located – there are around 207,000 Japanese living in the EU, and around a third of those are in the UK, with 90% of those in England and over half in London.  “London is the UK for Japanese” said Hayashi.  There are around 1000 Japanese companies in the UK, around a third of them are members of the JCCI UK.  This represents 15% of the 6465 Japanese companies in the EU, which is not far from the 16% of EU GDP that the UK economy represents or the 13% of the population of the EU that the UK represents.

But as I have blogged elsewhere, it is the size and function of these Japanese companies, and also I now realise the density of the Japanese expatriates in them, which is where the UK has been dominant – many of the Japanese companies in the UK are the regional headquarters, and most of their Japanese expatriates are located there.

The UK also took the lion’s share of Japanese investment into the UK.  Hayashi pointed out here was a big increase in Japanese acquisitions in the UK from 2010, particularly in 2016, with Mitsui Sumitomo Insurance acquiring Amlin and Softbank acquiring ARM (although I see the latter as an investment rather than an acquisition in the sense of integrating or accessing a market).

Japan’s soft power – more British visit Japan than Japanese visit the UK

Japan’s soft power in the UK is very apparent too – Hayashi listed up all the British brands that aren’t Japanese, but are Japanese influenced, like Yo! Sushi, Wagamama, Wasabi, Itsu and Superdry.  And I can testify to his point that the Mitsubishi Corporation sponsored Hokusai exhibition at the British Museum was completely sold out. More British people now visit Japan than Japanese visit the UK – the cross over being in 2011 – 292,000 visited Japan last year, 75% of whom were tourists, whereas Japanese visitors have been at a fairly stable 220,000 to 240,000 a year to the UK.  And British tourists spend more than Chinese tourists – because they stay longer and spend more on accommodation.

Japan’s voice is being heard more than a few years’ ago

Hayashi pointed out how the share of global GDP has shifted over the decades from the traditional West to China and India, and that EU integration seems to be losing pace. Japan can take leadership, to continue to support globalization and rebuild it to include China and Russia.  Hayashi says he was initially rather embarrassed at the coverage his comments about Brexit got in the Guardian newspaper, but now he thinks it was fair, and that as British people do read the newspapers, it’s important for Japanese companies to have their voices heard in the media – for which they need to have a focused message.  “Write to UK ministers about your concerns.  Don’t give up.  Start now”.



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