Japan and U.S. to discuss sanctions against Iran

9 years ago by in Featured, Politics Tagged: ,

United States and Japan top representatives are meeting on Thursday to discuss possible sanctions against Iran because of the countries continuing nuclear program.

The US Treasury Department has confirmed that the current visit of secretary Timothy Geithner in Japan, which comes immediately after his tour in China, is a way to “increase pressure” on Iran over its nuclear ambitions.

The US may block the access of foreign financial institutions to its market if they do business with the Central Bank of Iran. Japan may be required to apply a similar policy, meaning that it would have to greatly reduce or completely interrupt its oil imports from Iran.

Timothy Geithner and Japanese finance minister Jun Azumi are expected to meet and discuss the details of the next steps to be taken by the two countries.