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G7 meant to signal concern about excess yen moves: official

WASHINGTON | Tue Feb 12, 2013 9:17am EST

WASHINGTON (Reuters) - A statement from the Group of Seven rich nations on Tuesday was meant to signal concern about excessive movements in the value of Japan's currency and statements from Tokyo about yen levels, a G7 official said.

"The G7 statement was misinterpreted. The G7 statement signaled concern about excess moves in the yen," the official said on Tuesday. "The G7 is concerned about unilateral guidance on the yen. Japan will be in the spotlight at the G20 in Moscow this weekend."

(Reporting by Anna Yukhananov)

(This story was corrected to fix day of week in the second paragraph)
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