Geithner Gets Japan Backing on Iran Oil After Snub From China

U.S. Treasury Secretary Timothy F. Geithner’s efforts to tighten economic sanctions on Iran over its nuclear program won backing from Japan 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 yesterday with his U.S. counterpart. “The world cannot tolerate nuclear development.”