Japan tariff negotiator rules out quick deal

Trump's team has been touting progress towards a deal with Japan and market participants have been watching closely for the contours, as it will offer a framework for others. But Japanese economic revitalization minister Ryosei Akazawa left the US on Friday without a deal and that a deal would take some time.

"We're not going to make a quick deal," Akazawa said. "It's difficult to say how long it will take to bridge the gap (between the two sides)."

The Japanese press reported today that one of the offers was to drop domestic auto regulations.

A new round of negotiations are scheduled for 'later this month', according to PM Ishiba.