• Short Summary

    Japan's Minister for Industry and International Trade, Mr. Yashurio Nakasone, visited both Iran and Britain?

  • Description

    Japan's Minister for Industry and International Trade, Mr. Yashurio Nakasone, visited both Iran and Britain this week. His missions are part of Japan's current diplomatic drive to ensure regular supplies of oil and other natural resources, form abroad.

    An increase in Japan's economic involvement with Iran is expected to follow Mr. Nakasone's visit on Tuesday (January 8th). His Government's investment interest is linked to the fact that Iran is supplying more than 40 per cent of Japan's crude oil imports.

    In talks with his Iranian counterpart, Dr. Hooshang Ansar, with Premier Amir-Abbas Hoveida and with the chairman of the National Iranian oil company, Mr. Nakasone is reported to have discussed Japanese assistance in building a refinery in Iran. They also talked about setting up a joint petrochemical plant, and Iran's need for a steady supply of industrial raw materials, as well as Japan's need for continued oil supplies.

    On Wednesday, (January 9), while Mr. Nakasone was still in Iran, the Japanese Toyota Motor company announced it was considering an Iranian proposal to establish a joint car production scheme in Iran.

    On Thursday (January 10) Mr. Nakasone flew to London where he was to have more talks with British officials. Mr. Peter Emery, Britain's new Under-Secretary of State for Energy accompanied the Japanese Minister to his first conference. Mr. Nakasone's talks in London will concern the world supply of oil, energy problems, and Anglo-Japanese trade expansion. The discussions are also expected to cover Japan's possible participation in the development of British North Sea oil deposits.

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    Reuters - Source to be Verified
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