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. Last Updated: 07/27/2016

G-7 Forex Action Plea

TOKYO -- Taichi Sakaiya, the head of Japan's Economic Planning Agency, said Tuesday that the Group of Seven leading industrial nations should work together to steady foreign exchange rates.

Finance ministers and central bankers of the G-7 nations are scheduled to meet in Tokyo on Saturday. Kiichi Miyazawa, Japan's finance minister, said he expected concern about the yen's excessive strength to be a topic of discussion, but refused to predict an outcome.