Japan said on Tuesday the trade agreement it struck with the U.S. cleared uncertainties on U.S. trade policies but continued attention needs to be given to risks of those policies putting downward pressure on the Japanese economy.

TOKYO (Reuters) -Japan's leading trade negotiator said on Tuesday that the trade deal Tokyo agreed with the United States last week guarantees Japan will always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington.

Japanese trade minister Muto Yoji says Tokyo and Washington need to act swiftly to implement their recent tariff deal.

Asia has designs on the blossoming Dallas-Fort Worth economy, with Japan positioning itself to be the tip of the spear.

The U.S. trade deal will further support improving economic fundamentals in Japan, which underpin our constructive equity positioning on the country.

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States.