What looks like Japan’s principled stance against the Iranian nuclear program turns out tobe rather lame.
Japan’s new sanctions include a freeze on the assets of scores of groups and individuals linked to the country’s nuclear programme.
They ban the provision of insurance or reinsurance services to Iran and bar Japanese financial institutions from buying bonds issued by Iran’s central bank.
The new ban on financial activity with 15 designated Iranian banks that could contribute to nuclear activities could affect some Japanese banks, analysts said.
Toyota Motor Corp has suspended motor vehicle exports to the country indefinitely since June.