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Asia Markets / Japanese Investment Firm #412597

CNN Evening News for Monday, Nov 24, 1997
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(Studio: Hilary Bowker) The problems in the Asian stock markets reported; details given of the collapse of Yamaichi Securities Company, Limited, a debt- ridden Japanese investment firm, and of the talks between the International Monetary Fund and South Korea.

(Studio: Judy Woodruff) Report introduced.

(Vancouver: Wolf Blitzer) The meeting of the Asian-Pacific Economic Conference in Vancouver, Canada, featured. [Secretary of State Madeleine ALBRIGHT - speaks about an "Asia meltdown."] [President CLINTON - comments on the Asian economics.] The administration's concern that Asian financial policies will spill over into the United States economy noted. [Korea Institution for International Economic Policy president Soogil YOUNG - assesses the financial turbulence.] The possibility that the demand on the IMF will extend beyond 68 billion noted.

(Studio: Judy Woodruff) The drop in the Dow Jones in response to worries about the Asian economy noted. Statement from the National Association of Business Economics that the United States economy will continue to expand at least through 2003 noted.

Reporter(s):
Blitzer, Wolf;
Bowker, Hilary;
Woodruff, Judy
Duration:
00:05:20

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