Japan and the United States unveiled a report Tuesday concerning deregulation measures being undertaken by both countries in key areas, including the telecommunications and information technology sectors.

The report, presented to Prime Minister Junichiro Koizumi and U.S. President George W. Bush at their meeting in Kananaskis, Alberta, was the first of its kind issued under the Regulatory Reform and Competition Policy Initiative.

Koizumi and Bush met before the start of the two-day annual summit of the Group of Eight major powers at the Rocky Mountain resort.

The deregulation initiative is part of the Economic Partnership for Growth, which was launched last June by Bush and Koizumi to promote sustainable growth in both countries and throughout the world.