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[Financial Times-UK] Guy Dinmore and David Pilling - Japan's private sector has responded to signals from Washington by restricting loans to Iran and rejecting an Iranian request to pay for oil imports in currencies other than dollars, banking and official sources say. A senior banker said three banks - Bank of Tokyo Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui - had informed the Iranian authorities in April that they would not conduct new business in Iran. This development places Japanese banks "ahead" of many European counterparts, he said. 2007-06-26 01:00:00Full Article
Japanese Banks Put Pressure on Iran
[Financial Times-UK] Guy Dinmore and David Pilling - Japan's private sector has responded to signals from Washington by restricting loans to Iran and rejecting an Iranian request to pay for oil imports in currencies other than dollars, banking and official sources say. A senior banker said three banks - Bank of Tokyo Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui - had informed the Iranian authorities in April that they would not conduct new business in Iran. This development places Japanese banks "ahead" of many European counterparts, he said. 2007-06-26 01:00:00Full Article
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