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China Snubs Geithner on Iran Oil

Thursday, January 12, 2012

(Bloomberg) U.S. Treasury Secretary Timothy F. Geithner’s efforts to tighten economic sanctions on Iran over its nuclear program won backing from Japan a day after China rejected limiting oil imports from the country.

“We want to take concrete steps to reduce our share in an orderly way as soon as possible,” Finance Minister Jun Azumi said at a joint press conference in Tokyo today with his U.S. counterpart. “The world cannot tolerate nuclear development.”

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