Japan finmin: to continue to cooperate with G7 on forex

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TOKYO, March 25 (Reuters) – Japan will continue to cooperate
with Group of Seven partners as appropriate to curb excessive
and disorderly currency moves, Finance Minister Yoshihiko Noda
said on Friday.

Noda said the foreign exchange market has stabilised since
the G7 joined forces in a rare coordinated intervention on March
18 after the yen spiked to an all-time high of 76.25 versus the
dollar in the wake of a devastating earthquake and tsunami that
struck northeastern Japan a week earlier.

Noda told parliament that G7 partners has offered to provide
consultations on future cooperation if necessary.

(Reporting by Tetsushi Kajimoto; Editing by Tomasz Janowski)

Japan finmin: to continue to cooperate with G7 on forex