Japan joins US efforts to pressure Teheran
January 17, 2012 Leave a comment
By Luke Gowers
Japan recently announced that it would reduce oil imports from Iran in support of U.S. efforts to put pressure on the Islamic regime to abandon its nuclear programme. The announcement came from Japan’s Finance Minister, Jun Azumi, after he met with U.S. Treasury Secretary, Timothy Geither, announcing that, “In the past five years, we have reduced… the amount of oil imported (from Iran)…We wish to take planned and concrete steps to further reduce this share, which now stands at 10%”. Whilst Washington welcomes the commitment, it didn’t come without caution from Japan’s Prime Minister, Yoshihiko Noda, who is reported to have said that if implemented wrongly, U.S. sanctions could have a serious impact on the health of Japan’s economy and that of the world. Read more of this post