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Japan, Australia reach free trade deal

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TOKYO - Japan and Australia on Monday said they had reached "substantive agreement" on a long-awaited free-trade deal, in a rare opening of Japan's protected markets, even as talks to ink a huge Asia-Pacific agreement run into trouble. 

Australian Prime Minister Tony Abbott (L) shakes hands with his Japanese counterpart Shinzo Abe prior to a National Security Council meeting at the latter's official residence in Tokyo on April 7, 2014

The deal was announced in a press statement as Japanese Prime Minister Shinzo Abe and visiting Australian Prime Minister Tony Abbott held a briefing in Tokyo Monday evening.

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