Japan Azumi: no uncertainty on Iranian oil policy

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Azumi, speaking at a news conference after a cabinet meeting, also said reducing oil imports was important to earn Japanese banks a waiver from U.S. sanctions designed to hamper Iran's ability to sell oil overseas and that without the waver Japan's economy and financial system would take a hit.

The United States plans to impose the sanctions to prevent Iran from using its nuclear programme to acquire nuclear weapons. Iran says its nuclear programme is for non-military use.

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