NBC Evening News for Tuesday, Aug 17, 1971
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(Studio) State Secretary William P Rogers reportedly. informed Japan in advance of President Nixon's new economic policy.
REPORTER: John Chancellor
(Taipei, Ntlist. China) Japan has 386 businesses on Formosa; Chinese willing to work for less than Japanese laborers; in addition, Japan shares over 400 businesses with local busmen.
REPORTER: John Rich
(Manila, Philippines) Japan has replaced United States as Philippines top trading partner. Fin. writer Teodoro VALENCIA - says Japan's presence good for immediate future, but may leave Philippines in worse situation in long run; Filipinos still resent Japan's World War II occupation.] Japan must find outside labor and mkts. to continue economy expansion.
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