Japanese bank blames Brexit for move to Amsterdam

Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal

One of Japan’s largest banks has blamed Brexit for its decision to move part of its business to Amsterdam, 24 hours after Theresa May sought to enlist the Japanese prime minister in the fight to save her deal with the EU.

Norinchukin bank announced plans to set up a wholly owned subsidiary in the Dutch capital, a move that critics of the prime minister’s deal cited as evidence that both a no-deal Brexit and her deal were likely to damage the UK economy.

Related: Japanese PM implores Britain not to leave EU without a deal

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