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Japan / Economy / Prime Minister Resignation #425794

CNN Evening News for Monday, Jul 13, 1998
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(Studio: Joie Chen) The resignation of Prime Minister Ryutaro Hashimoto after his party's defeat in the Japanese elections reported; details given of the importance of a stable Japan to Asia's economic recovery.

(White House: Carl Rochelle) The reaction of President Clinton's administration to Japan's changing government featured. [White House press secretary Michael McCURRY - talks about restoring confidence in the Japanese economy; reaffirms the United States ties with Japan.] [The Japan Society William CLARK - calls for the United States to go slower in pushing Japan.] [Normura Research Institution chief economist Richard KOO - says all bets are off if the yen falls.] The United States wish for banking reform and tax cuts discussed.

Chen, Joie;
Rochelle, Carl

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