TOKYO May 17 Japan's energy security will be at
risk if banks cannot process transactions for oil from Iran, the
head of Japan's banking industry lobby said on Thursday.
"If banks can't make settlements for Iranian oil, this will
affect the nation's energy policy," Yasuhiro Sato, president of
Mizuho Financial Group and chairman of the Japanese
Bankers Association, said at a regular news conference.
His comment comes after Bank of Tokyo-Mitsubishi UFJ
froze its transactions with Iranian banks on orders
from the New York District Court.
(Reporting by Taiga Uranaka)