Thursday, 4 March 2010

Britain's refusal to join the euro is a 'blessing', leading Japanese businessman argues

"Masahiro Sakane, chairman of Komatsu, the world’s second-biggest manufacturer of heavy construction equipment, said that Britain’s reluctance to join the single European currency was “a blessing”.Komatsu, which is fast catching up with world leader Caterpillar, has a factory near Newcastle which employs 750 people. The declaration represents a change of stance for Japanese business leaders, many of whom were still insisting only recently that unless the UK joined the euro they would reconsider their position there. "

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