Japan, guarding against weak yen, urges G7 reaffirm FX agreement

"I explained how recent currency moves have been rapid, and that it was important to reaffirm the G7 agreement on exchange-rate policy," Suzuki told reporters after attending the first day of the G7 meeting.

BONN, Germany: Japan called on other G7 countries to reaffirm the group's agreement on exchange-rate policy, Finance Minister Shunichi Suzuki said on Thursday, a sign Tokyo remained on guard against the risk of further sharp declines in the yen.

Suzuki said he hoped the Group of Seven (G7) finance leaders take into account Tokyo's call in a communique to be issued after their two-day meeting ends on Friday.