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JAPAN'S MITI DENIES

PRESSURING CARMAKERSJapan's Ministry of International Trade and Industry Monday denied a report that the Japanese government will press Japanese automakers producing in the United States to raise their procurement of U.S.-made parts to 75 percent in 1992 from the current 60 percent to 70 percent.

The claim was made in the Tokyo financial daily the Nihon Keizai Shimbun. It quoted MITI sources and said Japan will explain this policy at upcoming talks here aimed at reducing U.S.-Japanese trade frictions.

The sources quoted by the newspaper said the ministry expects some of the seven Japanese makers producing in the United States to achieve the 75 percent local-content ratio by 1991.

GM INKS JOINT VENTURE

WITH E. GERMAN FIRM

DETROIT - General Motors Corp. has reached an agreement with East Germany's state-owned automaker to jointly build Opel cars.

The agreement signed Sunday by GM's West German subsidiary, Adam Opel AG, and Automobilwerk Eisenach represents GM's second move into Eastern Europe in recent months. GM earlier agreed to a $150 million joint venture in Hungary.

Opel, based in Ruesselsheim near Frankfurt, and Automobilwerk Eisenach said they hope to produce 150,000 Opels yearly at the East German company's plant in Eisenach near the West German border.