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Economy / Dollar Values / Japan's Economy Problems #53306

ABC Evening News for Tuesday, Mar 07, 1978
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(Studio) Kuwait oil minister's call for oil price increase due to United States dollar devaluation noted. Dollar's gain on European mkts. reported Slight gain of dollar in Japan and reaction of Japanese officials to current dollar problems mentioned.
REPORTER: Frank Reynolds

(Osaka, Japan) Japan's bullet train from Tokyo to Osaka mentioned as example of type of advances made by cntry, and its economy troubles, too. Effect on Japan's economy of 1973 oil embargo and conditions since outlined. Cntry.'s build-up of military system, with decrease of United States presence in Asia, noted. Incrd. bankruptcies, like that of large plywood company, and effect this has on economy in Japan described. Close economy ties between United States and Japan and results of this to both stated.
REPORTER: Harry Reasoner

Reasoner, Harry;
Reynolds, Frank

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