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Money Matters: US-Japan Trade Rel., Stock Market #108326

ABC Evening News for Monday, Mar 30, 1987
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[Bypassed introduction]

(New York City: Peter Jennings) (Report in progress.) Record Dow Jones loss today noted.

(New York City: Sander Vanocur) Mkt.'s response to dollar's continued decline and United States-Japan trade conflict examined; details graphed on screen. [Analyst Robert PRECHTER - interprets market's decline.] Commerce Secretary Malcolm Baldrige's announcement recently of trade sanctions against Japan recalled. [Mkt. strategist Michael METZ - cites fear of trade war and weakened bond market] Stk. Mkt. Report

(Studio: Peter Jennings) Report introduced.

(Tokyo, Japan: Jim Laurie) Dollar's continued decline against yen examined; details given, scenes shown. Role of United States sanctions against Japan's electronic industry considered. [Vice minister of international trade Makoto KURODA - claims market's improving.] Status of United States-Japan trade negotiations mentioned.

(Studio: Peter Jennings) Dow Jones' drop explained.

Reporter(s):
Jennings, Peter;
Laurie, Jim;
Vanocur, Sander
Duration:
00:04:20

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