Trade deal opens Japanese markets

A trade deal between the US and Japan has prevented a trade war and is expected to open more Japanese markets to European as well as American companies. The easing of tensions between the two countries is expected to boost the dollar when currency markets open today.

The deal, struck late on Saturday after 20 hours of talks in Washington, calls on Japan to open its markets in public procurement of telecoms and medical equipment, for the sale of flat glass and in the insurance sector. British insurance companies are expected to be important beneficiaries.