The widely expected move will allow Japanese companies to pursue investment in Iran’s oil and gas industry.
Chief Cabinet Secretary Yoshihide Suga told reporters that the government would cancel bans on Japanese investment in both exports to Iran and in oil and gas-related business.
“We will continue to support the consistent implementation of the final agreement on the Iranian nuclear issue as we see it as a way to enforce nuclear non-proliferation and contribute to stability in the Middle East,” he said.
The UN certified last weekend that Iran had met all of its commitments under the nuclear deal, leading to the lifting of long-standing Western economic sanctions on the country.
PTI