Home > Ireland > Japanese firms show interest in moving to Ireland

Japanese firms show interest in moving to Ireland

Written by Robert McHugh, on 9th Jan 2017. Posted in Ireland

article headline

The Irish Independent has today reported that the agency tasked with attracting foreign investment to Ireland is engaging directly with Japanese investors in both London and Tokyo to encourage them to locate operations here.

Japan has warned Britain that its European Union exit could prompt Japanese financial institutions to relocate operations from London, and has already listed a raft of concerns from Japanese companies about the transition away from the European Union. 
 
IDA CEO Martin Shanahan told the Irish Independent that a number of Japanese financial firms with operations in London were looking at Ireland with interest.
 
Japanese firms already have a presence in Ireland, including Dublin-based aircraft lessor SMBC Aviation Capital, which is owned by a consortium of Japan's Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Finance and Leasing, and Sumitomo Corporation.
 
Mr Shanahan said the queries were not exclusively from financial services, but also from technology and pharmaceutical companies. He said a lot of the queries were progressing to site visits with decisions by companies expected by June.
 
Source: www.businessworld.ie

More articles from Ireland

image Description

Ireland must be careful not to overheat economy warns Finance Minister

Read more
image Description

Surge in Irish passport applications after Brexit vote

Read more
image Description

Irish economy faces significant downside threats warns report

Read more
image Description

Profit warning from Ireland's Independent News shakes shares

Read more
image Description

Irish 2016 budget deficit revised up slightly to 0.7% of GDP

Read more