Japan vows "concrete" steps to cut Iran oil reliance TOKYO (Reuters) [url=http://www.gold4fun.com/]RuneScape gold[/url]- Japan pledged on Thursday to take concrete action to cut Iranian oil imports in response to an appeal for support from visiting Treasu

Japan vows "concrete" steps to cut Iran oil reliance
TOKYO (Reuters) RuneScape gold- Japan pledged on Thursday to take concrete action to cut Iranian oil imports in response to an appeal for support from visiting Treasury Secretary Timothy Geithner, as Washington steps up efforts to sanction Tehran over its disputed nuclear program.buy runescape gold
Geithner welcomed Tokyo's cooperation, an encouraging sign for U.S. foreign policy after China rebuffed U.S. sanctions aimed at starving Iran of the oil revenues that provide the country of 74 million people with a vital economic support.
Iran faces the prospects of cutbacks in oil sales to China,cheap runescape gold Japan and India, its top three buyers who together take more than 40 percent of its crude exports. The European Union, a major buyer, has committed to banning imports of Iranian oil.
Japan Finance Minister Jun Azumi said Iranian crude makes up 10 percent of Japan's overall oil imports.
"We would like to take action concretely to further reduce (that) in a planned manner," he said after meeting Geithner.
"On the other hand, we need some time in non-crude oil related areas, so I asked the Secretary to take Japan's situation into consideration."Runescape accounts
Cutting Iranian crude imports would not be without risks for Japan. The country relies on imports for its energy needs and has to import more fuel to make up for waning use of nuclear power following last year's nuclear disaster in Fukushima.
Anxiety over Iran's nuclear program, which it says is not for military use, could also push up oil prices and harm the global economy.
Indeed, Japan Prime Minister Yoshihiko Noda voiced concern to Geithner about the potential impact of the U.S. sanctions on Japan and the world economy.