TOKYO -- Japan inked an investment treaty with Iran on Friday designed to protect Japanese companies and their assets as they do business in the oil-rich nation now that international sanctions are lifted.
The accord, signed here by Japanese Foreign Minister Fumio Kishida and Ali Taiebnia, Iran's minister of economic affairs and finance, is expected to be ratified by the Diet and take effect this summer. Representatives from around 20 Japanese corporations attended the signing ceremony.
