Best For Britain: "It's No Secret, Our Mission Is To Stop Brexit"

The case was heard at the Court of Session in Edinburgh

Japanese firms have spent billions of pounds in Britain over the past decades, encouraged to set up in the country by successive governments promising a business-friendly base from which to trade across the continent.

While companies are eager for extra detail on what kind of Brexit the Conservatives want, Japanese banks have started to adjust their operations in preparation for the loss of financial passporting rights following the divorce.

With over 1,000 Japanese businesses in the United Kingdom, the country is the UK's 11th largest trading partner, with investment into Britain reaching £46.5 billion in 2016.

"This is all high stakes that all of us, I think, need to keep in mind", the ambassador said, speaking outside No 10 following the meeting attended by Prime Minister Theresa May and International Trade Secretary Liam Fox.

Japan is a big investor in Britain.

They include global banking giant Nomura and top automakers Toyota, Nissan and Honda.

The Prime Minister's official spokesman said: "We have been clear about the sort of (Brexit) deal we want to secure and that we want trade which is as frictionless as possible".

Even as the 2019 exit draws closer, the United Kingdom government remains divided over how close a relationship it wants to keep with the EU.

Their wishlist includes maintaining the current zero tariffs on goods moving between the United Kingdom and the rest of Europe, as well as the existing customs procedures and the "passport" system that allows financial services firms based in London to do business across the EU.

Both London and Brussels hope to agree a transition deal lasting until the end of 2020, in which Britain would remain in the single market and be bound by all European Union laws, by a March 22-23 summit.

A spokesman at May's office said she had agreed with them on the need to move on quickly in the Brexit talks to secure a trading relationship with the European Union that is as tariff-free and frictionless as possible after the transition period.

- Charles Riley contributed to this article.

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