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Money Matters: Dollar Valuation #554374

NBC Evening News for Monday, Dec 28, 1987
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(Studio: Garrick Utley) Report introduced.

(NYC: Mike Jensen) United States dollar reported plunging in Tokyo, Japan. Scenes shown of Frankfurt, West Germany, market Concern reported increase over US' inability to reduce federal budget deficit. Falling dollar's impact on stock market detailed. [TOURIST - dollar not buying much.] [Japanese TOURIST - weak dollar helps buy more.] Dollar's decline shown over past years Imported products noted more expensive. [Shearson Lehman spokesperson Michael AARON - comments on increase in imported goods' prices.] [Wellcraft Marine spokesperson Paul FERRY - falling dollar helping overseas.] Trade deficit and falling dollar discussed.

(Studio: Garrick Utley) Report introduced.

(Hokkaido, Japan: Steve Mallory) Scenes shown of Japanese farmers protesting United States pushing for more agricultural imports; details given. [Commerce Secretary C. William VERITY, Junior - criticizes Japanese trade practices.] US noted increasing pressure on Japan to allow more trade. [Trade specialist Kenichi TAKEMURA - welcomes United States pressure.] Japanese food costs outlined. GATT reported accusing Japan of violating international trade agreements; details given, scenes shown. Japanese government officials quoted.

Reporter(s):
Jensen, Mike;
Mallory, Steve;
Utley, Garrick
Duration:
00:04:50

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