That was a case involving the seizure of foreign assets.
Japanese companies and individuals began their massive acquisitions of foreign assets in the late 1980's.
The news agency did not provide an estimate of foreign assets in Iraq.
So the banks need to shore up their capital by selling foreign assets.
This helped attract international investors who bought foreign assets with gold.
Japanese investors are buying a very different mix of foreign assets than a few years ago.
However, both domestic and foreign assets are held by investors.
If you had foreign financial assets in 2011, you may have to file new Form 8938 with your return.
As a result, investors are unwilling to make investment in foreign financial assets.
About $5 billion worth of foreign Iraqi assets are now blocked.