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Japan / Yen #218887

CBS Evening News for Friday, Aug 27, 1971
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(Studio) Japan decides to float yen.

(Tokyo, Japan) Japan exports practically halted since new United States economic policy. [US Chamber of Commerce spokesperson West Bart JACKSON - estimates Japan may suffer $1 billion loss in trade with US.] Japan auto companies raising car prices; ship building industry to be hurt by yen floatation; revaluation to hurt United States tourists visiting Japan; Tokyo stock market continues to drop.
REPORTER: Don Webster

(Studio) Treasury Department says floating yen realistic, welcome; United States dollar increases slightly in light trading on European money mkts.

Hart, John;
Webster, Don

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