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The head of the state-funded Japan Bank for International Cooperation told the government recently that it can finance countries that are denied state loans for political reasons, naming Iran and China as examples, Kyodo News learned Thursday.

JBIC Gov. Kyosuke Shinozawa made the comments on Jan. 12, just days after Iran’s decision to restart research on nuclear fuel manufacturing prompted European nations and the United States to consider referring it to the U.N. Security Council, sources said.

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