On 17 May 2012, the Bank of Tokyo-Mitsubishi UFJ filed a suit against the U.S. government’s sanctions on Iran.

25 May 2012, the Bank of Tokyo-Mitsubishi UFJ said they’ve officially restarted transactions with Iran, after a U.S. court decided in their favor.

The whole thing was because of a U.S. federal judge deciding that Iran was responsible for the 1983 bombing of the USMC barracks in Beirut, after the U.S. invaded Lebanon.  Their is little evidence to back up such a claim. And by the way, shouldn’t the invader (the United States) by held responsible?

Attorney’s for Bank of Tokyo-Mitsubishi UFJ argued that the U.S. court ruling is not valid under Japanese law.

It’s estimated that the Bank of Tokyo-Mitsubishi UFJ handles 70-80% of Japan’s transactions with Iran.