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Wednesday, April 7, 2010 as of 11:14 AM ET

The Bank of Tokyo-Mitsubishi UFJ

is the largest bank in Japan, which was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd.

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MUFG Lifts Freeze On Iran Assets At Bank Outside US

The Bank of Tokyo-Mitsubishi UFJ said Friday that it has lifted the freezing of payment transactions with Iranian banks outside of the U.

S. after a federal court nullified an order to freeze the assets.Earlier this month, Japan's biggest bank froze its transactions with Iranian banks following a U.S. court order. The order stemmed from a 2007 federal ruling ordering Iran to make payments to survivors and victims' families of a 1983 bomb attack on a U.S. Marine base in Lebanon, after a federal judge ruled that Iran orchestrated the bombing.The Iranian government has so far not made any payments related to the 2007 ruling, and the order to freeze Iranian assets held in MUFG accounts was part of efforts to secure payment of the damages.The bank, which manages 70-80% of transactions in the country's trade with Iran, filed a complaint to the court over the ruling.Copyright © 2012 Dow Jones Newswires...

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