CBS Evening News for Monday, Dec 12, 1977
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(Studio) Mtg. between Japanese external economy affairs minister Nobuhiko Ushiba and Vice President Mondale and special trade negotiator Robert Strauss, at White House, noted. Discussions with regard to Japan's proposals for cutting trade surplus with United States. Film shown. Comments of United States ambassador Mike Mansfield, in Tokyo, re: proposals cited.
REPORTER: Walter Cronkite
(Tokyo, Japan) Japan's economy problems, tough despite outside appearance of stability, detailed. prime Min. Fukuda's change in cabinet officers to be more economy inclined, and his remarks contrasting present economy to any since World War II, reported Valuation of dollar and yen described. Effect of econ. on small Japanese company, which makes binoculars almost exclusively for export to United States, noted. Japan's traditional resistance to imports and forced change in such policies at present outlined.
REPORTER: Bruce Dunning