The answer is:
$$\frac{\frac{2}{\sqrt{3}}-1}{1+\frac{2}{\sqrt{3}}}\approx0.0717$$
The solution may be found by:
Letting the centre of the large circle be $B$ and the centre of the small circle be $A$. Let the radius of the small circle be $a$. Let the $120$ degree angle be the point $C$. Let the distance from the perimeter of the small circle to $C$ be $d$. Let the point where the right tangent meets the large circle be $D$ and the point where the tangent meets the small circle be $E$.
The following image shows this slightly more clearly:
Then we:
Form the right-angled triangle $CBD$. (We know it is right-angled because the tangent to a circle is always perpendicular to the radius at that point - this is also easy to see intuitively). By the fact that $\sin{60}=\frac{\sqrt{3}}{2}$ we have:
$$\frac{\sqrt{3}}{2}=\frac{1}{1+2a+d}$$
Then form the right-angled triangle $CAE$; we similarly obtain:
$$\frac{\sqrt{3}}{2}=\frac{a}{a+d}$$
We then have two simultaneous equations to solve.
Specifically, we have:
$$1+2a+d=\frac{2}{\sqrt{3}}$$
$$a+d=\frac{2a}{\sqrt{3}}$$
$$\therefore~~~~d=a\left(\frac{2}{\sqrt{3}}-1\right)$$
$$\therefore~~~~1+a+\frac{2a}{\sqrt{3}}=\frac{2}{\sqrt{3}}$$
$$\therefore~~~~a=\frac{\frac{2}{\sqrt{3}}-1}{1+\frac{2}{\sqrt{3}}}$$
Which is what we wanted to show.