BREAKING NEWS

Geithner to discuss Iran in China, Japan visit

By REUTERS

JANUARY 4, 2012 20:48

WASHINGTON - US Treasury Secretary Timothy Geithner will travel to China and Japan next week to discuss US sanctions on Iran and the state of the global economy with top government officials, the Treasury Department said on Wednesday.

Geithner will meet with Chinese Vice Premier Wang Qishan on Tuesday and Chinese Premier Wen Jiabao on Wednesday.

He will travel to Japan on Thursday to meet with Japanese Prime Minister Yoshihiko Noda and Finance Minister Jun Azumi.

Geithner's trip is the latest step in an accelerating US effort to reduce Iran's oil revenue and try to force the country to abandon its suspected nuclear weapons program. At the same time, the Obama administration wants to avoid a spike in crude prices that could threaten the global economy.

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