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January 12, 2012 11:17 am

Japan Jumps on Board With U.S. Plan for Iranian Oil

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Japanese PM Yoshihiko Noda with Timothy Geithner. Photo: US State Dept.

Reuters – The United States won key support from Japan Thursday for tough oil sanctions against Iran over a nuclear program that the West suspects is geared to developing atomic bombs.

Japan pledged to take concrete action to cut Iranian oil imports after visiting U.S. Treasury Secretary Timothy Geithner urged Tokyo, a major importer, to help deprive Iran of vital oil revenues. In Iran, sanctions are biting, with the rial currency losing 20 percent of value against the dollar in the past week.

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