Japan backs Iranian sanctions

01/23/2012
Japan’s Finance Minister Jun Azumi told US Sec. of the Treasury Timothy Geithner that his country would take “concrete steps” to reduce its oil dependency on Iran. “We want to take concrete steps to reduce our share in an orderly way as soon as possible. We wish to take planned steps to further reduce this share, which now stands at 10%,” Azumi said. “The world cannot tolerate nuclear development,” said Azumi, adding that he told Geithner that Japan has already reduced Iranian oil imports by 40% in the past 5 years. “We are working very, very closely together and we very much appreciate the support Japan has provided in standing with us and the international community in supporting this v...
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