Toyota Motor Corp. said it hopes for improved ties between the US and Japan, going as far as to call for further tariff reductions a day after President Donald Trump announced a much-awaited trade pact with the island nation.

HITA, Japan -- Toyota Motor will make efforts to sell U.S.-produced vehicles in Japan, Chairman Akio Toyoda said Saturday, noting the significance of nontariff barriers being addressed in a recent trade deal between the two countries.

The U.S. and Japan struck a trade deal that will see tariffs on Japanese cars cut to 15%. Japanese [auto stocks surged](

Toyota's problems are just a blip compared to the more systemic issues Japan's economy faces — that's what economist Robert Madsen argues. He joins host Guy Raz for a conversation about Japan's ...

The Trump administration and Japan struck a trade deal that was better than feared. Shares of Toyota Motor ( TM -1.71%) rallied 11.8% this week, according to data from S&P Global Market Intelligence.