• Kyodo

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The government plans to ban financial institutions from doing business with North Korea’s Foreign Trade Bank, working closely with the United States to punish the hermit nation over its nuclear weapons program, official sources said Tuesday.

Finance Ministry and Foreign Ministry officials separately conveyed the plan to U.S. Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen during his visit to Japan, and the two sides agreed on ramping up coordination in sanctioning the North, they said.

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