Japan stocks jump, bonds slide after Trump says trade deal reached

TOKYO, July 23 (Reuters) - Japanese automaker shares led the Nikkei share average higher on Wednesday, while bonds slid after U.S. President Donald Trump said he had reached a trade deal with Tokyo.

The Nikkei .N225 leapt 2% in early trading, with the Tokyo Stock Exchange's transport equipment index surging 7%. Toyota Motor 7203.T soared 10%.

Benchmark 10-year Japanese bond futures 2JGBv1 tumbled as much as 0.92 yen to 137.68 yen, the lowest since March 28.

Trump on Tuesday said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on U.S. imports from the Asian country.