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U.S., JAPAN REACH TRADE ACCORD

Japanese and U.S. negotiators today reached an agreement to help trim the $49 billion U.S. trade deficit with Japan and hailed the accord as an unprecedented step toward easing tensions between the two partners.

Details of the accord were to be announced later, but officials emerging from the talks in the Foreign Ministry said there had been compromises and cooperation. They said there was no need to schedule further sessions.

There had been concern that this round in the so-called Structural Impediments Initiative might have to be continued next week in the United States to reach agreement on a final report about far-reaching economic policy changes.

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